Pmp rmc Study guides, Class notes & Summaries

PMP-RMC EMV Questions and answers

(33)* Question ID: 483 As per the chart, the team member completing activity E is not performing very well. After much argument, the functional manager agrees to assign a different person to activity E, but this will increase activity E's duration to seven months. What is the effect of this change? A. The project will be delayed because activity E is on the critical path. B. None, because activity E is not on the critical path. C. None, because activity E has float of four. D. The projec...

(1)* Question ID: 200 Your project team has identified dependencies on six related projects that are providing major deliverables to your project. Some of these projects have a very similar scope and may overlap with your deliverables. In light of this, which of the following processes should you be most concerned about? A. Validate Scope B. Plan Risk Responses C. Plan Communications Management D. Control Scope The correct answer is B. The biggest concern must be the risks other proje...

(1) Question ID: 1026 If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value (EMV) for the project is: A. $20,000 profit B. $60,000 loss C. $40,000 loss D. $100,000 profit The correct answer is A. Expected monetary value is calculated by EMV = probability × impact. We need to calculate both positive and negative values and then add them. 0.6 × $100,000 = $60,000 0.4 × ($100,000) = ($40,000) Expected...

Project A temporary endeavor with a beginning and an end. It creates a unique product, service, or result. Stakeholders Any people or organizations whose interests may be positively or negatively impacted by the project. Predictive Relies on a planning process during which requirements and scope may be defined in detail early in the project. Require scope, schedule, and cost to be determined in detail early in the life of a project, before the work begins to produce delive...

(1) Question ID: 1026 If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value (EMV) for the project is: A. $20,000 profit B. $60,000 loss C. $40,000 loss D. $100,000 profit The correct answer is A. Expected monetary value is calculated by EMV = probability × impact. We need to calculate both positive and negative values and then add them. 0.6 × $100,000 = $60,000 0.4 × ($100,000) = ($40,000) Expected...

Select PM Initiating1 Determine company culture and existing systems Initiating2 Collect processes, procedures, and historical information Initiating3 Divide large projects into phases Initiating4 Understand the business case Initiating5 Uncover initial requirements, assumptions, risks, constraints, and existing agreements Initiating6 Assess project and product feasibility within the given contsraints Initiating7 Create measurable objects ...

(33)* Question ID: 483 As per the chart, the team member completing activity E is not performing very well. After much argument, the functional manager agrees to assign a different person to activity E, but this will increase activity E's duration to seven months. What is the effect of this change? A. The project will be delayed because activity E is on the critical path. B. None, because activity E is not on the critical path. C. None, because activity E has float of four. D. The projec...

Project Correct Answer-A temporary endeavor with a beginning and an end. It creates a unique product, service, or result. Stakeholders Correct Answer-Any people or organizations whose interests may be positively or negatively impacted by the project. Predictive Correct Answer-Relies on a planning process during which requirements and scope may be defined in detail early in the project. Require scope, schedule, and cost to be determined in detail early in the life of a project, before the ...

Project Correct Answer-A temporary endeavor with a beginning and an end. It creates a unique product, service, or result. Stakeholders Correct Answer-Any people or organizations whose interests may be positively or negatively impacted by the project. Predictive Correct Answer-Relies on a planning process during which requirements and scope may be defined in detail early in the project. Require scope, schedule, and cost to be determined in detail early in the life of a project, before the ...