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NEW QUESTION 22
The future value of an annual income flow of $1000 for 2 years at 10% is:

• A. $2,280
• B. $2,300
• C. None of the other alternatives apply
• D. $2,200
• E. $2,310

Answer: E

NEW QUESTION 23
A project requires specialized technical expertise from the engineering department. However, the senior engineer is leading a team on a separate project, and the only available resource is an entry-level engineer.
The senior engineer is highly regarded by the customer and preferred by the project manager.
What should the project manager do first to obtain the senior engineer's participation in this project?

• A. Immediately ask the project sponsor to escalate this resource requirement.
• B. Meet with the engineering department manager to discuss options for making the senior engineer available.
• C. Demand that the senior engineer is assigned to increase customer confidence in the delivery of a quality product.
• D. Develop a job description using the senior engineer's qualifications to hire a comparable senior engineer.

Answer: B

Explanation:
Section: Planning

NEW QUESTION 24
The project Manager determines that 100% inspection is required for the product. The best statement to describe this approach is:

• A. This is best proven method to ensure quality
• B. No defect will go undetected
• C. Sorting out the good items from the bad
• D. This is an expensive ineffective approach to quality Management.

Answer: D

Explanation:
A is not right because 100% inspection is not the best proven method to ensure quality. B is not true because an inspection is not always guaranteed to catch every defect. D is not right because you shouldn't be designing a system where you have to sort good items from bad after implementation. C is an accepted norm of modern quality management and the reason why acceptance sampling is followed.

NEW QUESTION 25
Which of the following Process Groups covers all Project Management Knowledge Areas?

• A. Executing
• B. Initiating
• C. Planning
• D. Monitoring and Controlling

Answer: C

NEW QUESTION 26
Company A hires a new project manager to join an existing project. The new project manager creates the risk register The risk owner for one risk is someone outside the project team. The risk is now being triggered What should the project manager do?

• A. Cancel the risk owner's role and reassign one of the team members as risk owner.
• B. Analyze events that caused the risk.
• C. Influence the risk owner to take the necessary action.
• D. Inform the project management office (PMO) to apply risk response.

Answer: C

NEW QUESTION 27
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