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NEW QUESTION # 35
During a project review, which of the following would be the best indicator of how the project outputs are progressing?
Answer: A
Explanation:
Detailed Explanation:
* Earned Value:This is a key performance indicator (KPI) in project management that integrates cost, scope, and schedule. It provides a clear view of how much progress has been made against the work planned and money spent.
* Unsuitable Options:
* B: Benefits realization assesses post-project success, not ongoing progress.
* C: Resource management is unrelated to deliverables progress.
* D: Budget tracking only measures financial health without linking to project outputs.
NEW QUESTION # 36
You are overseeing a construction project for a new retail center. Midway through the project, the design team proposes a significant change to the building's layout, which they argue will improve overall functionality and therefore present better value for money. However, this change would require demolishing and rebuilding a section of the structure.
Given the proposed changes, outline five actions you would take to evaluate the change request to provide an appropriate recommendation.
Answer:
Explanation:
See the Explanation for both solutions in detail:
Explanation:
* Conduct a cost-benefit analysis.
* Review the project scope and objectives.
* Assess risks associated with the change.
* Engage stakeholders for input and alignment.
* Develop a recommendation document.
Detailed Explanation:
NEW QUESTION # 37
You are managing a construction project aimed at developing a new eco-friendly office building. You are tasked with ensuring that sustainability measures are effectively monitored and reported.
At which point in the project life cycle should you implement sustainability measures?
Answer: A
Explanation:
Detailed Explanation:
NEW QUESTION # 38
Which of the activities below would provide final assurance of a project?
Answer: B
Explanation:
Detailed Explanation:
NEW QUESTION # 39
You are leading a large-scale information technology project to migrate your company's data to the latest hardware. The delivery is being led by third-party suppliers, who were not involved in the design phase. The supplier has completed their capacity planning and has raised a potential risk that the current data may exceed the storage capacity of the new hardware purchased.
What type of risk response would you choose to mitigate this risk?
Answer: B
Explanation:
Detailed Explanation:The best approach is to use the contingency budget because:
* Defined Risk Response:Contingency budgets are designed to handle identified risks without impacting the project's main budget.
* Stakeholder Agreement:It avoids escalating disputes with suppliers by addressing the issue proactively.
* Unsuitable Options:
* A: Tolerating the risk is impractical when the risk is confirmed.
* B: Re-forecasting creates unnecessary delays and increases costs.
* D: Transferring risk to the supplier could damage partnerships.
NEW QUESTION # 40
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