Earned value should be used to estimate final project costs because it.

• A.Shows specific tasks in which cost overruns are expected to occur and, thus, focuses the project manager's attention on critical tasks
• B.Ensures that management reserve or contingency will not be needed
• C.Tests the "official" position of the project manager against a statistically forecasted range of final possibilities based on actual project performance
• D.Provides management with the final BAC, BCWS, and BCWP

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The Administer Procurements process is in which of the following Project Management Process Groups?

• A.Planning
• B.Monitoring and Controlling
• C.Initiating
• D.Executing

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A new project manager for an agile project is reviewing with an established team, some of the roles to avoid confusion on what to expect. Drag the description on the left to the role on the right

Correct Answer:

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You are running a project to develop the production process for a future electronic component. You found out during some first test batches, that the precision is generally very good, but that you have some irregular outliers in a completely unpredictable pattern. What should you do?

• A.Try to increase the accuracy of the process by adjustments, thus reducing the number of outliers.
• B.Tell the designated production manager of your observations and ask him to take care after handover.
• C.Research outliers, they may give you important insights into problems which may trouble later production.
• D.Ignore the outliers; they are not relevant as long as the yield from the production is sufficiently high.

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You are managing a project to introduce a new product to the marketplace that is expected to have a very long life. In this situation, the concept of being temporary, which is part of the definition of a project,______________.

• A.Does not apply because the project will have a lasting result
• B.Does not apply to the product to be created
• C.Recognizes that the project team will outlive the actual project
• D.Does not apply because the project will not be short in duration

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