PMI PMI-002 Dumps PDF Free Download - Page: 8

QUESTION: 36

Which process involves monitoring the status of the project to update the project costs and managing changes to the cost baseline?

Estimate Costs
Control Costs
Determine Budget
Plan Cost Management

Answer(s): B

Explanation:

7.3.3.1 Cost Baseline
The 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 Costs
Definition: 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.

Inputs
1. Project management plan
2. Project funding requirements
3. Work performance data
4. Organizational process assets

Tools & Techniques
1. Earned value management
2. Forecasting
3. To-complete performance index (TCPI)
4. Performance reviews
5. Project management software
6. Reserve analysis

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

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QUESTION: 37

Which group is formally chartered and responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project and for recording and communicating decisions?

Project team
Focus group
Change control board
Project stakeholders

Answer(s): C

Explanation:

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.

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QUESTION: 38

Plan Schedule Management is a process in which Knowledge Area?

Project Scope Management
Project Human Resource Management
Project Integration Management
Project Time Management

Answer(s): D

Explanation:

Schedule -> Time Management Easy question

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QUESTION: 39

An output of the Validate Scope process is:

A requirements traceability matrix.
The scope management plan.
Work performance reports.
Change requests.

Answer(s): D

Explanation:

Process: 5.5 Validate Scope
Definition: 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.

Inputs
1. Project management plan
2. Requirements documentation
3. Requirements traceability matrix
4. Verified deliverables
5. Work performance data

Tools & Techniques
1. Inspection
2. Group decision-making techniques

Outputs
1. Accepted deliverables
2. Change requests
3. Work performance information
4. Project documents updates

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QUESTION: 40

The Perform Integrated Change Control process occurs in which Process Group?

Initiating
Executing
Monitoring and Controlling
Planning

Answer(s): C

Explanation:

Monitoring and Controlling Process Group
4.4 Monitor and Control Project Work
4.5 Perform Integrated Change Control
5.5 Validate Scope
5.6Control Scope
6.7 Control Schedule
7.4 Control Costs
8.3 Control Quality
10.3 Control Communications
11.6 Control Risks
12.3 Control Procurements
13.4 Control Stakeholder Engagement

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

Free PMI PMI-002 Dumps Questions (page: 8)

QUESTION: 36

Explanation:

QUESTION: 37

Explanation:

QUESTION: 38

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QUESTION: 39

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QUESTION: 40

Explanation: