Which of the following is a tool and technique for Estimate Activity Durations?
Correct Answer: D
Question 77
Identify Risks is part of which Process Group?
Correct Answer: C
Question 78
What should a project manager reference to understand where responsibility, accountability, and authority reside within a company?
Correct Answer: D
Section: Volume E
Question 79
An input of the Plan Procurement Management process is:
Correct Answer: B
Section: Volume C Explanation: 7.2.3.1 Activity Cost Estimates Activity cost estimates are quantitative assessments of the probable costs required to complete project work. Cost estimates can be presented in summary form or in detail. Costs are estimated for all resources that are applied to the activity cost estimate. This includes, but is not limited to, direct labor, materials, equipment, services, facilities, information technology, and special categories such as cost of financing (including interest charges), an inflation allowance, exchange rates, or a cost contingency reserve. Indirect costs, if they are included in the project estimate, can be included at the activity level or at higher levels. Process: 12.1 Plan Procurement Management Definition: The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers. Key Benefit: The key benefit of this process is that it determines whether to acquire outside support, and if so, what to acquire, how to acquire it, how much is needed, and when to acquire it. Inputs 1. Project management plan 2. Requirements documentation 3. Risk register 4. Activity resource requirements 5. Project schedule 6. Activity cost estimates 7. Stakeholder register 8. Enterprise environmental factors 9. Organizational process assets Tools & Techniques 1. Make-or-buy analysis 2. Expert judgment 3. Market research 4. Meetings Outputs 1. Procurement management plan 2. Procurement statement of work 3. Procurement documents 4. Source selection criteria 5. Make-or-buy decisions 6. Change requests 7. Project documents updates
Question 80
Which Process Group includes the Manage Stakeholder Engagement process?
Correct Answer: A
Explanation/Reference: Explanation: Executing Process Group 4.3 Direct and Manage Project Work 8.2 Perform Quality Assurance 9.2 Acquire Project Team 9.3 Develop Project Team 9.4 Manage Project Team 10.2 Manage Communications 12.2 Conduct Procurements 13.3 Manage Stakeholder Engagement 13.3 Manage Stakeholder Engagement Definition: The process of communicating and working with stakeholders to meet their needs/ expectations, address issues as they occur, and foster appropriate stakeholder engagement in project activities throughout the project life cycle. Key Benefit: The key benefit of this process is that it allows the project manager to increase support and minimize resistance from stakeholders, significantly increasing the chances to achieve project success. Inputs 1. Stakeholder management plan 2. Communications management plan 3. Change log 4. Organizational process assets Tools & Techniques 1. Communication methods 2. Interpersonal skills 3. Management skills Outputs 1. Issue log 2. Change requests 3. Project management plan updates 4. Project documents updates 5. Organizational process assets updates
