Correlated and contextualized information on how closely the scope is being maintained relative to the scope baseline is contained within:
Correct Answer: A
Question 67
According to PMBOK, the definition of Plan Risk Management is:
Correct Answer: D
Question 68
An input required in Define Scope is an organizational:
Correct Answer: B
Section: Volume C Explanation: 2.1.4 Organizational Process Assets Organizational process assets are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. They include any artifact, practice, or knowledge from any or all of the organizations involved in the project that can be used to perform or govern the project. The process assets also include the organization's knowledge bases such as lessons learned and historical information. Organizational process assets may include completed schedules, risk data, and earned value data. Organizational process assets are inputs to most planning processes. Throughout the project, the project team members may update and add to the organizational process assets as necessary. Organizational process assets may be grouped into two categories: (1) processes and procedures, and (2) corporate knowledge base. Process: 5.3 Define Scope Definition: The process of developing a detailed description of the project and product. Key Benefit: The key benefit of this process is that it describes the product, service, or result boundaries by defining which of the requirements collected will be included in and excluded from the project scope. Inputs 1. Scope management plan 2. Project charter 3. Requirements documentation 4. Organizational process assets Tools & Techniques 1. Expert judgment 2. Product analysis 3. Alternatives generation 4. Facilitated workshops Outputs 1. Project scope statement 2. Project documents updates
Question 69
An input of the Plan Procurement Management process is:
Correct Answer: B
Explanation/Reference: 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 70
Schedule milestones and a predefined budget are examples of:
