Which process involves monitoring the status of the project to update the project costs and managing changes to the cost baseline?
Answer(s): B
7.3.3.1 Cost BaselineThe cost baseline is the approved version of the time-phased project budget, excluding any management reserves, which can only be changed through formal change control procedures and is used as a basis for comparison to actual results. It is developed as a summation of the approved budgets for the different schedule activities.7.4 Control CostsDefinition: The process of monitoring the status of the project to update the project costs and managing changes to the cost baseline.Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled.Inputs1. Project management plan2. Project funding requirements3. Work performance data4. Organizational process assetsTools & Techniques1. Earned value management2. Forecasting3. To-complete performance index (TCPI)4. Performance reviews5. Project management software6. Reserve analysisOutputs1. Work performance information2. Cost forecasts3. Change requests4. Project management plan updates5. Project documents updates6. Organizational process assets updates
Which group is formally chartered and responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project and for recording and communicating decisions?
Answer(s): C
Change Control Board (CCB). A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project, and for recording and communicating such decisions.
Plan Schedule Management is a process in which Knowledge Area?
Answer(s): D
Schedule -> Time Management Easy question
An output of the Validate Scope process is:
Process: 5.5 Validate ScopeDefinition: The process of formalizing acceptance of the completed project deliverables.Key Benefit: The key benefit of this process is that it brings objectivity to the acceptance process and increases the chance of final product, service, or result acceptance by validating each deliverable.Inputs1. Project management plan2. Requirements documentation3. Requirements traceability matrix4. Verified deliverables5. Work performance dataTools & Techniques1. Inspection2. Group decision-making techniquesOutputs1. Accepted deliverables2. Change requests3. Work performance information4. Project documents updates
The Perform Integrated Change Control process occurs in which Process Group?
Monitoring and Controlling Process Group4.4 Monitor and Control Project Work4.5 Perform Integrated Change Control5.5 Validate Scope5.6Control Scope6.7 Control Schedule7.4 Control Costs8.3 Control Quality10.3 Control Communications11.6 Control Risks12.3 Control Procurements13.4 Control Stakeholder Engagement
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question # 142: data governance is not one of the deliverables in the document and content management context diagram.
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