You have now prepared your cost management plan so now you are preparing your project's cost estimate.
You decided to use analogous estimating. Which of the following is NOT characteristic of analogous estimating?

• A.Supports top-down estimating
• B.Is a form of expert judgment
• C.Has an accuracy rate of ±10% of actual costs
• D.Involves using the cost of a previous, similar project as the basis for estimating current project cost

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A project is on its third iteration out of nine. During the daily meetings, the project team realizes that some deliverable approvals are delayed because a key stakeholder is out of the office.

• A.Meet with the stakeholders and request a solution.
• B.Update the issue log and escalate it to the project sponsor.
• C.Remove the deliverables from the iteration backlog.
• D.Ask the team to work on the unblocked deliverables.

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A new marketing vice president just joined a software startup and is concerned that the agile model does not provide the needed accountability for their role. What should the responsible project manager do to ensure the vice president is comfortable with the project meeting its agreements?

• A.Require proper approval of all requirements from the marketing vice president and formally document the agreements.
• B.Leverage the use of the review/demo sessions with the vice president to acknowledge that the agreements were met.
• C.Foster an environment of open communication where all parties can discuss issues and agree on objectives.
• D.Establish an executive review board where all stakeholders discuss and approve features and requirements.

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During a project demonstration, a team member provides sample test data to the client without consulting the project manager. This delays the project.
What should the project manager do to avWhat should the project manager do to avoid incurring fines?oid this in the future

• A.Remove the team member from the project.
• B.Allow the client to use any provided sample data to the baseline the project periodically
• C.Document this in the lessons learned repository, and share it with the team
• D.Ask the client to refuse test data provided directly by team members

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A project manager is working on a complex project and is unsure about planning, executing, monitoring and controlling the project. Match the phrase on the left with the correct statement on the right.

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