Rmc pmp Study guides, Class notes & Summaries

(33)* Question ID: 483 As per the chart, the team member completing activity E is not performing very well. After much argument, the functional manager agrees to assign a different person to activity E, but this will increase activity E's duration to seven months. What is the effect of this change? A. The project will be delayed because activity E is on the critical path. B. None, because activity E is not on the critical path. C. None, because activity E has float of four. D. The projec...

Select PM Initiating1 Determine company culture and existing systems Initiating2 Collect processes, procedures, and historical information Initiating3 Divide large projects into phases Initiating4 Understand the business case Initiating5 Uncover initial requirements, assumptions, risks, constraints, and existing agreements Initiating6 Assess project and product feasibility within the given contsraints Initiating7 Create measurable objects ...

(33)* Question ID: 483 As per the chart, the team member completing activity E is not performing very well. After much argument, the functional manager agrees to assign a different person to activity E, but this will increase activity E's duration to seven months. What is the effect of this change? A. The project will be delayed because activity E is on the critical path. B. None, because activity E is not on the critical path. C. None, because activity E has float of four. D. The projec...

(1) Question ID: 1026 If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value (EMV) for the project is: A. $20,000 profit B. $60,000 loss C. $40,000 loss D. $100,000 profit The correct answer is A. Expected monetary value is calculated by EMV = probability × impact. We need to calculate both positive and negative values and then add them. 0.6 × $100,000 = $60,000 0.4 × ($100,000) = ($40,000) Expected...

(1) Question ID: 1026 If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value (EMV) for the project is: A. $20,000 profit B. $60,000 loss C. $40,000 loss D. $100,000 profit The correct answer is A. Expected monetary value is calculated by EMV = probability × impact. We need to calculate both positive and negative values and then add them. 0.6 × $100,000 = $60,000 0.4 × ($100,000) = ($40,000) Expected...

What is the definition of a project? Temporary endeavor—with a beginning and an end Creates a unique product, service, or result What is operational work? Ongoing work to support the business and systems of the organization What is the definition of a program? What is the definition of a portfolio? Program: A group of related projects, managed in a coordinated way Portfolio: A group of programs, individual projects, and other related operational work that are prioritized and...

Use the project scope statement to gain approval of the "final" scope from the stakeholders before further planning is done Planning Determine high-level requirements, constraints, assumptions, and risks Initiating Implement approved changes, including corrective actions, preventive actions, and defect repair Executing Reanalyze existing risks Monitoring & Controlling Use the high-level planning and estimating data to determine whether the product can be achieve...

Project Correct Answer-A temporary endeavor with a beginning and an end. It creates a unique product, service, or result. Stakeholders Correct Answer-Any people or organizations whose interests may be positively or negatively impacted by the project. Predictive Correct Answer-Relies on a planning process during which requirements and scope may be defined in detail early in the project. Require scope, schedule, and cost to be determined in detail early in the life of a project, before the ...

Project Correct Answer-A temporary endeavor with a beginning and an end. It creates a unique product, service, or result. Stakeholders Correct Answer-Any people or organizations whose interests may be positively or negatively impacted by the project. Predictive Correct Answer-Relies on a planning process during which requirements and scope may be defined in detail early in the project. Require scope, schedule, and cost to be determined in detail early in the life of a project, before the ...

RMC PMP 2021 Exam Paper Questions and Answers (Verified Answers) BEST FOR 2023 EXAM A temporary endeavor with a beginning and an end. It creates a unique product, service, or result. - Correct Answers Project Any people or organizations whose interests may be positively or negatively impacted by the project. - Correct Answers Stakeholders Relies on a planning process during which requirements and scope may be defined in detail early in the project. Require scope, schedule, and cos...