It is argumentative whether project managers actually control costs. Which of the following is the most common element over which the project manager may have some degree of control?

• A.Overhead rates.
• B.None of the other alternatives apply .
• C.Direct labor hours.
• D.Procurement costs.
• E.Direct labor dollars

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A team has been struggling with various issues during the course of an iteration. The project lead facilitates a discussion of the issues and the team forms new team agreements. During the next iteration, some of the same issues appear again.
What should the project lead do next?

• A.Notify senior management of the issues, and have them review the importance of agreements with the team
• B.Challenge the team to determine if the issues surfaced again because agreements were not followed
• C.Let the team self-organize and determine the best means to prevent the issues from occurring again
• D.Post the agreements in a conspicuous place where all of the team members can see them

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Which is not part of the Earned Value calculations?

• A.Project Budget
• B.Unknown Unknowns
• C.Known Unknowns
• D.Amount of work completed

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A project manager is working on a time and materials (T&M) project using a hybrid approach. The milestones and outcomes are defined for the first 6 months with incremental releases every month. After the first 2 months, the client communicates their dissatisfaction with the results and asks to change the course of the project. The project manager held a face-to-face meeting with the client and now has a better understanding of the newly desired milestones and outcomes.
What should the project manager do first?

• A.Document the information in the meeting minutes and share it with the project stakeholders.
• B.Finish the current monthly release as it was planned and replan for the future months.
• C.Forward the client's request to management as a change request to get formal approval.
• D.Draft a contract change with the desired scope changes and send it to the client for approval.

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What is Benefit cost ratio (BCR)?

• A.The difference in benefit received between a chosen project and a project that was not chosen
• B.A ratio describing the relationship between the cost and benefits of a proposed project
• C.The value today of future cash flow
• D.The interest rate that makes the net present value of all cash flow equal zero

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