Free PMI PMI-002 Practice Exam with Questions & Answers | Set: 5

The quality baseline documents the quality objectives for the project.

Earned value analysis is used during the execution of the project to determine resource consumption versus planned

project charter: The project charter formally authorizes the project, assigns the project manager, and gives a high-level definition of the projects and its deliverables.

Delta = n*(n-1)/2 - n1*(n1-1)/2 where n = individuals and n1 = new individuals 10-45 = 35 No of communication channels: n*(n-1)/2 where n = individual

The Risk Register is detailed part of the project management plan.

Output of Verify Scope is formal acceptance.

Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total. It is more accurate.

Parametric Estimating: Estimating the basis for activity durations can be quantitatively determined by multiplying the quantity of work to be performed by the productivity rate.

The resource breakdown structure organizes all resources in a hierarchical structure, allowing for cost tracking also.

A requirement document request is an input to Define Sco

The risk management process group serves as the road map used to reduce its impact on the project.

This is an example of a budget constraint. The budget must not exceed $12 million.

The acceptance should be formal.

Cost plus incentive fee is always the lowest risk for the buyer if the scope of work is not well defined. Fixed price and purchase order are the best choice for buyer when the item is well defined

Delivery dates and availability of resources can be found in the details of the WBS.