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Free PMI-SP Exam Braindumps (page: 30)

Page 29 of 82
PDF with 326 Questions

Marty is the project manager of the recently completed NHK Project. The project was deemed successful by the project customer and they have signed the formal acceptance documentation. Marty has written the final project report, released the project team, and completed the lessons learned documentation.
What else should Marty do in the closure of the NHK Project?

  1. Archive the project records.
  2. Summarize the project risks costs.
  3. Summarize the project variance.
  4. Close the project office.

Answer(s): A

Explanation:

The last duty of a project manager is to archive the project records as part of the organizational process assets.

Answer option B is incorrect. The cost summary is included in the final project report.
Answer option C is incorrect. The project variance is included in the final project report as it shows cost performance.

Answer option D is incorrect. A project office is an organization within the company that oversees and supports project. Marty would not close
the project office.



Diane is the project manager of the HGF Project. A risk that has been identified and analyzed in the project planning processes is now coming into fruition.
What individual should respond to the risk with the preplanned risk response?

  1. Diane
  2. Project sponsor
  3. Risk owner
  4. Subject matter expert

Answer(s): C

Explanation:

The risk owner is the individual on the project team that is closest to the risk event. The risk owner can be an individual or an organization responsible for implementing risk responses or contingency plan. The risk owner should be empowered with the ability to respond to the risk as it was planned.
Answer option A is incorrect. Diane is the project manager and likely won't be the risk owner as well.


Answer option B is incorrect. The project sponsor authorizes the project but does not participate in the execution of the project.

Answer option D is incorrect. While a subject matter expert may be the risk owner on some occasions, he won't be the risk owner on every
occasion.



You are the project manager for your organization. You are working on creating the activity list so that you can create the project schedule. This current project is similar to a project you have competed for your company. You and the project team decide to use the previous project as a template for your current project. A template can help you and the project team do all of the following except for which one?

  1. Identify typical schedule milestones.
  2. Create parametric estimates for repetitive activities.
  3. Save time creating activity duration estimates.
  4. Import activity attributes.

Answer(s): B

Explanation:

Parametric estimates are created for repetitive tasks, such as four hours per unit installed; 1,000 units to install would equate to 4,000 hours.
A template does not address this type of time estimating directly. A template for time estimating is an analogous estimate type.
A template for any project is an activity list or a part of the activity list from a previous project. The template contains the activity attributes
information and other vivid information that are helpful to define activities. It is also used to classify schedule milestones.

Answer option D is incorrect. Templates can include activity attribute information.
Answer option A is incorrect. Templates do indicate milestones.
Answer option C is incorrect. Templates can save time for the project manager and the project team.



You work as a project manager for BlueWell Inc. You are in the process of identifying all the people and organization impacted by the project. Mark, a project team member, has some doubts about the inputs of the Identify Stakeholder process.
What is referred to as an input to the identify stakeholder process in project communication management?

  1. Expert judgment
  2. Project charter
  3. Stakeholder analysis
  4. Stakeholder register

Answer(s): B

Explanation:

The project charter is an input to the identify stakeholder process. It provides information about the internal and external parties concerned
and is affected by the project.
The project charter is the document that formally authorizes a project. The project charter provides the project manager with the authority to
apply organizational resources to project activities. According to PMBOK Guide, the project charter should address the following information:
Requirements that satisfy customer, sponsor, and other stakeholder needs, wants and expectations Business needs, high-level project description, or product requirements that the project is undertaken to address:
-Project purpose or justification
-Assigned Project Manager and authority level
-Summary milestone schedule
-Stakeholder influences
-Functional organizations and their participation
-Organizational, environmental and external assumptions
-Organizational, environmental and external constraints

Business case justifying the project, including return on investment Summary budget if required, it also authorizes the next project phase, and updates the charter. The project manager should always be assigned prior to the start of planning, and preferably while the project charter is being developed.

Answer option A is incorrect. Expert judgment is a technique based on a set of criteria that has been acquired in a specific knowledge area or product area. It is obtained when the project manager or project team requires specialized knowledge that they do not possess. Expert
judgment involves people most familiar with the work of creating estimates. Preferably, the project team member who will be doing the task should complete the estimates. Expert judgment is applied when performing administrative closure activities, and experts should ensure the project or phase closure is performed to the appropriate standards.
Answer option C is incorrect. Stakeholder analysis is the identification of stakeholder needs, wants and expectations. It involves the documentation, prioritization, and quantification of the needs to help define the project scope.

Stakeholders' interests may be positively or negatively affected by execution or completion of the project and they may also exert influence over the project and its deliverables.

Answer option D is incorrect. The stakeholder register is a project management document that contains a list of the stakeholders associated with the project. It assesses how they are involved in the project and identifies what role they play in the organization. The information in this
document can be very perceptive and is meant for limited exchange only. It also contains relevant information about the stakeholders, such as their requirements, expectations, and influence on the project.






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