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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Business Analysis Frameworks | 27% | - Stakeholder engagement
|
| Topic 2: Agile Frameworks and Methodologies | 20% | - Scrum and Kanban basics
|
| Topic 3: Project Management Fundamentals and Core Concepts | 36% | - Project life cycle and phases
|
| Topic 4: Predictive Plan-Based Methodologies | 17% | - Scope, schedule, and cost planning
|
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NEW QUESTION # 1053
What scope definition technique is used to generate different approaches to execute and perform the work of the project?
Answer: A
NEW QUESTION # 1054
Which of the following types of a dependency determination is used to define the sequence of activities?
Answer: C
Explanation:
Section: Volume D
Explanation:
6.3.2.2 Dependency Determination
Dependencies may be characterized by the following attributes: mandatory or discretionary, internal or external, as described below. Dependency has four attributes, but two can be applicable at the same time in following ways: mandatory external dependencies, mandatory internal dependencies, discretionary external dependencies, or discretionary internal dependencies.
Mandatory dependencies. Mandatory dependencies are those that are legally or contractually required or
inherent in the nature of the work. Mandatory dependencies often involve physical limitations, such as on a construction project, where it is impossible to erect the superstructure until after the foundation has been built, or on an electronics project, where a prototype has to be built before it can be tested. Mandatory dependencies are also sometimes referred to as hard logic or hard dependencies. Technical dependencies may not be mandatory. The project team determines which dependencies are mandatory during the process of sequencing the activities. Mandatory dependencies should not be confused with assigning schedule constraints in the scheduling tool.
Discretionary dependencies. Discretionary dependencies are sometimes referred to as preferred logic,
preferential logic, or soft logic. Discretionary dependencies are established based on knowledge of best practices within a particular application area or some unusual aspect of the project where a specific sequence is desired, even though there may be other acceptable sequences. Discretionary dependencies should be fully documented since they can create arbitrary total float values and can limit later scheduling options. When fast tracking techniques are employed, these discretionary dependencies should be reviewed and considered for modifcation or removal. The project team determines which dependencies are discretionary during the process of sequencing the activities.
External dependencies. External dependencies involve a relationship between project activities and non-
project activities. These dependencies are usually outside the project team's control. For example, the testing activity in a software project may be dependent on the delivery of hardware from an external source, or governmental environmental hearings may need to be held before site preparation can begin on a construction project. The project management team determines which dependencies are external during the process of sequencing the activities.
Internal dependencies. Internal dependencies involve a precedence relationship between project activities
and are generally inside the project team's control. For example, if the team cannot test a machine until they assemble it, this is an internal mandatory dependency. The project management team determines which dependencies are internal during the process of sequencing the activities.
NEW QUESTION # 1055
A firm contracted an event management company to conduct the annual sales day event. The agreement states that the event management company will charge the firm for the actuals and receive 8% of the total cost.
What type of contract Is this?
Answer: D
Explanation:
According to the PMBOKGuide and PMI Procurement Management standards, this arrangement is a classic example of a Cost Reimbursable contract. Specifically, it aligns with the characteristics of a Cost Plus Fixed Fee (CPFF) contract (or a variation where the " fee " is calculated as a percentage of the initial estimated costs).
Cost Plus Fixed Fee (CPFF): In this contract type, the seller (the event management company) is reimbursed for all allowable actual costs incurred for doing the project work. In addition to the actuals, the seller receives a fixed fee payment.
* The 8% Factor: While the question mentions a percentage, in PMI terminology, once a fee is calculated based on the estimated costs and agreed upon, it remains " fixed " relative to the scope of work. It does not change based on the seller ' s actual performance or efficiency, which protects the buyer from the seller unnecessarily inflating costs just to increase the fee (a practice prohibited in many professional standards under " Cost Plus Percentage of Cost " or CPPC, though CPFF remains the standard acceptable structure).
Analysis of other options:
A). Time and Material (TandM): These are hybrid contracts used when the scope cannot be quickly prescribed.
They charge per hour or per item (e.g., $\$100$/hour) rather than charging " actuals plus a fee percentage. "
* B. Fixed Price Incentive Fee (FPIF): This is a fixed-price contract where the price is set, but the seller can earn an additional reward for hitting specific performance targets (like finishing early). Here, the base is " actuals, " not a fixed price.
* D. Cost Plus Award Fee (CPAF): In this type, the majority of the fee is earned based on the satisfaction of certain subjective performance criteria judged by the buyer. An 8% flat charge is a predetermined fee, not a subjective award.
Per PMI standards, the Cost Plus Fixed Fee model is appropriate when the buyer wants the seller to perform the work but the seller is unwilling or unable to assume the financial risk of a fixed-price agreement.
NEW QUESTION # 1056
Which tools and techniques will a project manager use to develop a project charter?
Answer: C
Explanation:
Section: Volume E
Explanation/Reference:
NEW QUESTION # 1057
Which illustrates the connection between work that needs to be done and its project team members?
Answer: B
Explanation:
Section: Volume C
Explanation:
Responsibility Assignment Matrix (RAM). A grid that shows the project resources assigned to each work package.
NEW QUESTION # 1058
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