-002 Certification Exam Questions with AI Explanations

QUESTION: 136

A tool or technique used in the Control Procurements process is:

Expert judgment.
Performance reporting.
Bidder conferences.
Reserve analysis.

Answer(s): B

Explanation:

10.2.2.5 Performance Reporting
Performance reporting is the act of collecting and distributing performance information, including status reports, progress measurements, and forecasts. Performance reporting involves the periodic collection and analysis of baseline versus actual data to understand and communicate the project progress and performance as well as to forecast the project results.
Performance reporting needs to provide information at an appropriate level for each audience. The format may range from a simple status report to more elaborate reports and may be prepared regularly or on an exception basis. A simple status report might show performance information, such as percent complete or status dashboards for each area (i.e., scope, schedule, cost, and quality). More elaborate reports may include:
• Analysis of past performance,
• Analysis of project forecasts (including time and cost),
• Current status of risks and issues,
• Work completed during the period,
• Work to be completed in the next period,
• Summary of changes approved in the period, and
• Other relevant information, which is reviewed and discussed.

Process: 12.3 Control Procurements
Definition: The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate.
Key Benefit: The key benefit of this process is that it ensures that both the seller’s and buyer’s performance meets procurement requirements according to the terms of the legal agreement.

Inputs
1. Project management plan
2. Procurement documents
3. Agreements
4. Approved change requests

5. Work performance reports
6. Work performance data

Tools & Techniques
1. Contract change control system
2. Procurement performance reviews
3. Inspections and audits
4. Performance reporting
5. Payment systems
6. Claims administration
7. Records management system

Outputs
1. Work performance information
2. Change requests
3. Project management plan updates
4. Project documents updates
5. Organizational process assets updates

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QUESTION: 137

Configuration identification, configuration status accounting, and configuration verification and audit are all activities in which process?

Perform Quality Assurance
Direct and Manage Project Work
Monitor and Control Project Work
Perform Integrated Change Control

Answer(s): D

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QUESTION: 138

Which tool or technique is used in the Estimate Costs process?

Acquisition
Earned value management
Vendor bid analysis
Forecasting

Answer(s): C

Explanation:

7.2.2.9 Vendor Bid Analysis
Cost estimating methods may include analysis of what the project should cost, based on the responsive bids from qualified vendors. When projects are awarded to a vendor under competitive processes, additional cost estimating work may be required of the project team to examine the price of individual deliverables and to derive a cost that supports the final total project cost.

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

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QUESTION: 139

Which type of project management office (PMO) supplies templates, best practices, and training to project teams?

Supportive
Directive
Controlling
Instructive

Answer(s): A

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QUESTION: 140

Which Define Activities output extends the description of the activity by identifying the multiple components associated with each activity?

Project document updates
Activity list
Activity attributes
Project calendars

Answer(s): C

Explanation:

6.2.3.2 Activity Attributes
Activities, distinct from milestones, have durations, during which the work of that activity is performed, and may have resources and costs associated with that work. Activity attributes extend the description of the activity by identifying the multiple components associated with each activity. The components for each activity evolve over time. During the initial stages of the project, they include the activity identifier (ID), WBS ID, and activity label or name, and when completed, may include activity codes, activity description, predecessor activities, successor activities, logical relationships, leads and lags (Section 6.3.2.3), resource requirements, imposed dates, constraints, and assumptions. Activity attributes can be used to identify the person responsible for executing the work, geographic area, or place where the work has to be performed, the project calendar the activity is assigned to, and activity type such as level of effort (often abbreviated as LOE), discrete effort, and apportioned effort. Activity attributes are used for schedule development and for selecting, ordering, and sorting the planned schedule activities in various ways within reports. The number of attributes varies by application area.

Process: 6.2 Define Activities
Definition: The process of identifying and documenting the specific actions to be performed to produce the project deliverables.
Key Benefit: The key benefit of this process is to break down work packages into activities that provide a basis for estimating, scheduling, executing, monitoring, and controlling the project work.

Inputs
1. Schedule management plan
2. Scope baseline
3. Enterprise environmental factors
4. Organizational process assets

Tools & Techniques
1. Decomposition
2. Rolling wave planning
3. Expert judgment

Outputs
1. Activity list
2. Activity attributes
3. Milestone list

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

Free PMI PMI-002 Dumps Questions (page: 28)

QUESTION: 136

Explanation:

QUESTION: 137

QUESTION: 138

Explanation:

QUESTION: 139

QUESTION: 140

Explanation: