Payback period, return on investment, internal rate of return, discounted cash flow, and net present value are all examples of:
Correct Answer: B
Section: Volume A Explanation: 7.1.2.2 Analytical Techniques Developing the cost management plan may involve choosing strategic options to fund the project such as: self-funding, funding with equity, or funding with debt. The cost management plan may also detail ways to finance project resources such as making, purchasing, renting, or leasing. These decisions, like other financial decisions affecting the project, may affect project schedule and/or risks. Organizational policies and procedures may influence which financial techniques are employed in these decisions. Techniques may include (but are not limited to): payback period, return on investment, internal rate of return, discounted cash flow, and net present value.
Question 152
Match the praxes manager's sphere of influence with the associated primary role:
Correct Answer:
.
Question 153
A tool and technique used during the Define Scope process is:
Correct Answer: A
Section: Volume E Explanation: Facilitated Workshops. An elicitation technique using focused sessions that bring key cross-functional stakeholders together to define product requirements. Process: 5.3 Define Scope Definition: The process of developing a detailed description of the project and product. Key Benefit: The key benefit of this process is that it describes the product, service, or result boundaries by defining which of the requirements collected will be included in and excluded from the project scope. Inputs 1. Scope management plan 2. Project charter 3. Requirements documentation 4. Organizational process assets Tools & Techniques 1. Expert judgment 2. Product analysis 3. Alternatives generation 4. Facilitated workshops Outputs 1. Project scope statement 2. Project documents updates
Question 154
An output of the Manage Stakeholder Engagement process is:
Correct Answer: A
Explanation/Reference: Explanation: 13.3 Manage Stakeholder Engagement Definition: The process of communicating and working with stakeholders to meet their needs/ expectations, address issues as they occur, and foster appropriate stakeholder engagement in project activities throughout the project life cycle. Key Benefit: The key benefit of this process is that it allows the project manager to increase support and minimize resistance from stakeholders, significantly increasing the chances to achieve project success. Inputs 1. Stakeholder management plan 2. Communications management plan 3. Change log 4. Organizational process assets Tools & Techniques 1. Communication methods 2. Interpersonal skills 3. Management skills Outputs 1. Issue log 2. Change requests 3. Project management plan updates 4. Project documents updates 5. Organizational process assets updates
Question 155
Which are inputs for the Plan Quality Management process?
