Business > QUESTIONS & ANSWERS > PMP Class 2 Exam Questions and Answers, Graded A+. 2022/2023 update (All)

PMP Class 2 Exam Questions and Answers, Graded A+. 2022/2023 update

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PMP Class 2 Exam Questions and Answers What is the cost of a work package if the resource costs are $25/hour and material costs are $250? This would should take about 75 hours. Correct Answer-$2,12 ... 5 Which of the following statements regarding control accounts is true? Correct Answer-A control account is established where the lowest OBS element intersects the lowest WBS element. You are estimating the costs for a work effort and have received the following information: best case is $150, and worst case, it could cost as much as $225. However, the most likely cost estimate is $195. What is the budget estimate for this work using a triangular distribution formula? Correct Answer- $190.00 How are S-curves used for projects? Correct Answer-They help you track progress. Which term refers to the final value of your project that is set at the beginning of your project? Correct Answer-Budget at completion (BAC). You have determined the following information regarding your project. To-date, $43,000 of work has been completed and $47,000 has been spent. The plan called for $44,000 of the $200,000 worth of work to be complete. What is the current earned value? Correct Answer-$43,000Verified deliverables is an output of which process? Correct Answer-Control Quality What is the overall purpose of benchmarking? Correct Answer-Learn from best-in-class projects or companies. Which of the following groups defines quality levels for a new project? Correct Answer-Customers. Which statement below accurately describes the purpose of the Manage Quality process? Correct Answer-The purpose is to increase confidence that quality will be achieved. Which statement below accurately describes the purpose of the Control Quality process? Correct Answer-Ensure all project outputs are complete, correct and meet customer expectations. Which of the following is a feature of a quality audit? Correct Answer-They are responded to. Which conflict resolution technique would be most appropriate when neither side can get everything they need and it's more important to move on than keep working on the conflict? Correct AnswerCompromise When is the best time for team building to take place for a project? Correct Answer-Continuously.Which resource management process focuses on improving competencies with the goal of improving project performance? Correct Answer-Develop Team What type of communication is most appropriate for an executive briefing? Correct Answer-Formal verbal [Show More]

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