PMP Exam Preparation - Quiz 14, Project Planning P7

1. What is the first step in the Estimate Costs process?

A. Determining the project schedule.
B. Defining project scope.
C. Assessing resource availability.
D. Identifying project risks.

2. Which technique is frequently used in the Determine Budget process?

A. Critical path method.
B. Cost aggregation.
C. Earned value management.
D. Qualitative risk analysis.

3. What is a key focus of Plan Quality Management?

A. Determining communication protocols.
B. Establishing quality standards for the project.
C. Identifying project risks.
D. Allocating project resources.

4. In Estimate Costs, what role does analogous estimating play?

A. Provides a detailed, bottom-up estimate.
B. Uses historical data for cost estimation.
C. Focuses on the identification of project risks.
D. Develops a comprehensive stakeholder management plan.

5. During Determine Budget, what is an essential output?

A. Risk register updates.
B. Project schedule.
C. Cost baseline.
D. Stakeholder engagement plan.

6. What is a crucial component of Plan Quality Management?

A. Developing the project team.
B. Creating a risk management plan.
C. Establishing quality metrics and standards.
D. Allocating project resources.

7. In Estimate Costs, which factor significantly influences cost estimation?

A. Project schedule.
B. Quality metrics.
C. Resource rates.
D. Stakeholder inputs.

8. What is a primary consideration in the Determine Budget process?

A. Sequencing project activities.
B. Establishing communication protocols.
C. Integrating cost estimates into a total budget.
D. Identifying quality standards.

9. Plan Quality Management often involves which of the following?

A. Resource leveling.
B. Quality metrics development.
C. Risk probability assessment.
D. Activity sequencing.

10. What technique is commonly used in Estimate Costs for project materials?

A. Resource optimization.
B. Parametric estimating.
C. Critical path analysis.
D. Stakeholder analysis.

11. Which document is crucial for the Determine Budget process?

A. Stakeholder register.
B. Cost management plan.
C. Quality management plan.
D. Risk management plan.

12. In Plan Quality Management, what is the role of quality audits?

A. To allocate project resources effectively.
B. To ensure project activities comply with quality standards.
C. To identify project risks.
D. To establish communication protocols.

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