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GAQM Professional in Project Management (PPM) PPM-001 Dumps in PDF

Free GAQM PPM-001 Real Questions (page: 52)

PPM-001 PDF — 650 Questions

Reserve Analysis a technique not used in:

  1. Estimate Costs
  2. Estimating Activity Duration
  3. Control Costs
  4. Determine Budget

Answer(s): C

Explanation:

Reserve Analysis: Many cost estimators include reserves, also called contingency allowances, as costs in many schedule activity cost estimates. Reserve Analysis a technique not used in Control Costs.



A Project with a total funding of $70,000 finished with a BAC value of $60,000.
What term can best describe the difference of $10,000?

  1. Management Contingency Reserve
  2. Cost Variance
  3. Schedule Variance
  4. Management Overhead

Answer(s): A

Explanation:

The difference between the Cost Baseline and Funding requirement at Project completion is Management Contingency Reserve. BAC represents the revised Cost baseline for the project. So Management Contingency Reserve is true.



The positive value of conflict is underestimated. Properly managed, conflict is a valuable tool, particularly when

  1. A diversion is needed
  2. Conflict may cause a loss of status or position power
  3. Conflictive situations are in their early stages and emotional involvement is low
  4. Conflictive situations are in their late stages and emotional involvement is high

Answer(s): C



You are the project manager for a new website for the local zoo. You need to perform Qualitative Risk Analysis.
When you've completed this process, you'll produce all of the following as part of the risk register update output except which one?

  1. Probability of achieving time and cost estimates
  2. Watch list of low-priority risks
  3. Priority list of risks
  4. Risks grouped by categories

Answer(s): A

Explanation:

Probability of achieving time and cost estimates is an update that is produced from the Quantitative Risk Analysis process.



A clear definition of the user's needs serves as the direct basis for the:

  1. Selection of personnel.
  2. Termination decision.
  3. Work breakdown structure.
  4. Functional requirements.
  5. Project cost estimate.

Answer(s): D



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