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PMI-001 PDF DEMO:
QUESTION NO: 1
Which of the following are included in cost control? (Choose all that apply.)
A. Informing stakeholders of changes.
B. Preparing cost estimates.
C. Recording appropriate changes to the cost baseline.
D. Monitoring cost performance.
Answer: A, C, D
QUESTION NO: 2
Which of the following statements depicts the key difference between contract close-out and administrative closure?
A. Contract close-out formalizes project completion.
B. Contract close-out includes product verification.
C. Contract close-out includes updating records with final results.
D. Administrative closure includes procurement audits.
E. None of the above.
Answer: B
QUESTION NO: 3
Which of the following factors are NOT included in cost control?
A. Preparation of cost estimates.
B. Informing stakeholders of changes.
C. Monitoring cost performance.
D. Recording appropriate changes to the cost baseline.
Answer: A
QUESTION NO: 4
Where does comparing actual to baseline schedules, examining the statement of work, understanding cost overruns, and assessing risk all occur?
A. Stakeholder meeting.
B. Resource leveling activity.
C. Project audit.
D. Contract negotiation.
Answer: C
QUESTION NO: 5
Which of the following is illustrated by a resource histogram?
A. The expected requirements for critical path activities.
B. The expected resource usage by time period.
C. The resource assignments by work package.
D. The resource assignments by activities.
E. All of the above.
Answer: B
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Updated: May 27, 2022