QUESTION: 237

Tom is program manager for his organization. His program is scheduled to last ten months and has a cost estimate for the program of $550,000. It is now month nine and Tom reports that he actually has a cost variance of a positive $56,000. While Tom is pleased, the new management is not. Why is a positive cost variance not necessarily good news?

A poor cost estimate prevented the organization from adding things to the program scope.
Tom has overestimated the cost of the program.
A poor cost estimate could affect the organization's decisions to invest the funds elsewhere .
Tom has forgot to include deliverables in the program.

Answer(s): C

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QUESTION: 238

You are the program manager of the NHQ Program for your organization. Your program is nearing the completion of one of its major phases and there are several resources that should be released at this time.

What program management plan will guide you to release of the program resources and transfer the resources and benefits to operations within the organization?

Resource management plan
Transition plan
Communications management plan
Benefits management plan

Answer(s): B

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QUESTION: 239

You are the project manager for the GGG Project and are about to close the project kick off meeting. All of the project team members and the key stakeholders are in attendance. What final item should you talk about before closing the meeting?

Discuss the importance of the project scope.
Thank everyone for attending.
Discuss the action items and the importance of the items being completed as planned.
Remind everyone that you're the project manager if they have QUESTION NOs.

Answer(s): C

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QUESTION: 240

You have completed a project for a client at his facility. The project has lasted for 18 months and you have generated many reports, plans, change request forms, and other documents about the project work. What should you do with the project documentation?

Give it to the client for his information.
Destroy it, as this information is relevant to the client.
Archive it as part of your organization's process assets.
Leave it as is for the client to destroy or archive.

Answer(s): C

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QUESTION: 240