PMI PMI-002 Dumps PDF Free Download - Page: 10

QUESTION: 46

Market conditions and published commercial information are examples of which input to the Estimate Costs process?

Scope baseline
Organizational process assets
Enterprise environmental factors
Risk register

Answer(s): C

Explanation:

7.2.1.6 Enterprise Environmental Factors
Described in Section 2.1.5. The enterprise environmental factors that influence the Estimate Costs process include, but are not limited to:
Market conditions. These conditions describe what products, services, and results are available in the market, from whom, and under what terms and conditions. Regional and/or global supply and demand conditions greatly influence resource costs.
Published commercial information. Resource cost rate information is often available from commercial databases that track skills and human resource costs, and provide standard costs for material and equipment.

Published seller price lists are another source of information.

Process: 7.2 Estimate Costs
Definition: The process of developing an approximation of the monetary resources needed to complete project activities.
Key Benefit: The key benefit of this process is that it determines the amount of cost required to complete project work.

Inputs
1. Cost management plan
2. Human resource management plan
3. Scope baseline
4. Project schedule
5. Risk register
6. Enterprise environmental factors
7. Organizational process assets

Tools & Techniques
1. Expert judgment
2. Analogous estimating
3. Parametric estimating
4. Bottom-up estimating
5. Three-point estimating
6. Reserve analysis
7. Cost of quality
8. Project management software
9. Vendor bid analysis
10. Group decision-making techniques

Outputs
1. Activity cost estimates
2. Basis of estimates
3. Project documents updates

Reveal Solution Next Question

QUESTION: 47

An output of the Develop Project Team process is:

Organizational process assets.
Enterprise environmental factors updates.
Project staff assignments.
Organizational charts and position descriptions.

Answer(s): B

Reveal Solution Next Question

QUESTION: 48

The process of confirming human resource availability and obtaining the team necessary to complete project activities is known as:

Plan Human Resource Management.
Acquire Project Team.
Manage Project Team.
Develop Project Team.

Answer(s): B

Explanation:

Process: 9.2 Acquire Project Team
Definition: The process of confirming human resource availability and obtaining the team necessary to complete project activities.
Key Benefit: The key benefit of this process consists of outlining and guiding the team selection and responsibility assignment to obtain a successful team.
Inputs
1. Human resource management plan
2. Enterprise environmental factors
3. Organizational process assets

Tools & Techniques
1. Pre-assignment
2. Negotiation
3. Acquisition
4. Virtual teams
5. Multi-criteria decision analysis

Outputs
1. Project staff assignments
2. Resource calendars
3. Project management plan updates

Reveal Solution Next Question

QUESTION: 49

Which item is an example of personnel assessment?

Resource calendar
Tight matrix
Team-building activity
Focus group

Answer(s): D

Reveal Solution Next Question

QUESTION: 50

The Plan Stakeholder Management process belongs to which Process Group?

Executing
Initiating
Planning
Monitoring and Controlling

Answer(s): C

Explanation:

Planning Process Group
4.2 Develop Project Management Plan
5.1 Plan Scope Management
5.2 Collect Requirements
5.3 Define Scope
5.4 Create WBS
6.1 Plan Schedule Management
6.2 Define Activities
6.3 Sequence Activities
6.4 Estimate Activity Resources
6.5 Estimate Activity Durations
6.6 Develop Schedule
7.1 Plan Cost Management
7.2 Estimate Costs
7.3 Determine Budget
8.1 Plan Quality Management
9.1 Plan Human Resource Management
10.1 Plan Communications Management
11.1 Plan Risk Management
11.2 Identify Risks
11.3 Perform Qualitative Risk Analysis
11.4 Perform Quantitative Risk Analysis
11.5 Plan Risk Responses
12.1 Plan Procurement Management
13.2 Plan Stakeholder Management

Reveal Solution Next Question

PMI Certified Associate in Project Management (-100) PMI-002 Exam Questions in PDF

Free PMI PMI-002 Dumps Questions (page: 10)

QUESTION: 46

Explanation:

QUESTION: 47

QUESTION: 48

Explanation:

QUESTION: 49

QUESTION: 50

Explanation: