What tool and technique is used to determine whether work and deliverables meet requirements and product acceptance criteria?
Answer(s): C
To which process is work performance information an input?
Answer(s): A
Which defines the portion of work included in a contract for items being purchased or acquired?
Answer(s): D
Cost baseline is an output of which of the following processes?
Answer(s): B
7.3.3.1 Cost BaselineThe cost baseline is the approved version of the time-phased project budget, excluding any management reserves, which can only be changed through formal change control procedures and is used as a basis for comparison to actual results. It is developed as a summation of the approved budgets for the different schedule activities.Process: 7.3 Determine BudgetDefinition: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled.Inputs1. Cost management plan2. Scope baseline3. Activity cost estimates4. Basis of estimates5. Project schedule6. Resource calendars7. Risk register8. Agreements9. Organizational process assetsTools & Techniques1. Cost aggregation2. Reserve analysis3. Expert judgment4. Historical relationships5. Funding limit reconciliation Outputs1. Cost baseline2. Project funding requirements3. Project documents updates
Which group creativity technique asks a selected group of experts to answer questionnaires and provide feedback regarding the responses from each round of requirements gathering?
Delphi technique. The Delphi technique is a way to reach a consensus of experts. Project risk experts participate in this technique anonymously. A facilitator uses a questionnaire to solicit ideas about the important project risks. The responses are summarized and are then recirculated to the experts for further comment.Consensus may be reached in a few rounds of this process. The Delphi technique helps reduce bias in the data and keeps any one person from having undue influence on the outcome.
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