The key inputs to the validate scope process include all the below items EXCEPT______________
Correct Answer: B
Section: Mix Questions Explanation: The change requests are not an input of the validate scope process but are an output. The other items are all inputs to help the project manager validate the scope of the project.
Question 122
Which of the following is referred to as payback period:
Correct Answer: C
Question 123
Using the data below, the point of total assumption occurs at a cost of work of:
Correct Answer: C
According to Kerzner, the "point of total assumption" is where the point beyond which the seller is responsible for all the additional costs. (You have to consider all the answer one by one and find out the right answer)If you take the actual cost as 13,250.It's greater than Target Cost by 12,000 - 13,250 = -1250.So, Seller gets incentive of -250 (20% of 1250), actually he has to pay His total profit = 1000 - 250 = 850.So, final price would be 13,250 + 850 = 14,000, its the price ceiling.Hence if he spends more than 13,250 he has to bear the additional cost, since the Buyer will pay only 14,000 (ceiling price).Answer C OR, do this way:If, x is Actual Cost, using Algebraic problem-solving method: we have, 14000 = x + Net Profit = x + (Target Profit + Incentive/Loss)or, 14000 = x + (1000 + 20% of (12000 x)) or, 14000 = x + 1000 + 2400 0.2x = 3400 0.8xso, x = (14000 3400) / 0.8 = 10600 / 0.8 = 13250 (Answer C)
Question 124
Exhibit A is an example of which of the following types of Sequence Activities?
Correct Answer: C
Question 125
The area where the project manager can have the greatest impact on the quality of his or her project is in______________
Correct Answer: B
Section: Mix Questions Explanation: Quality assurance is the management section of quality management. It is the collective term for the formal activities and managerial processes that attempt to ensure that products and services meet the required quality level. The project manager should establish administrative processes and procedures necessary to ensure and often prove that the scope statement conforms to the customer's actual requirements, to determine which processes will be used to ensure that stakeholders have confidence that the quality activities will be properly performed, and to ensure that all legal and regulatory requirements will be met.
