Tag: pmp exam prep

When creating a summary budget for the project charter, you often have a high degree of uncertainty in estimates. This uncertainty is because during initiating…

A project team member informs you that one of her colleagues is furious about the project schedule you recently e-mailed to the team. You decide to postpone addressing the problem in order to better prepare to resolve it. This technique is called…

An organization uses earned value management to assess project performance. Which of the following sets of values reflects the data that the project manager needs to monitor for earned value management?

A project team has worked long and hard on a complex procurement statement of work for a significant purchase. After much work and many reviews, all have agreed that the procurement statement of work is complete. But, you, the project manager, still have some concerns about if it addresses all of the project needs in sufficient detail to avoid contract disputes later. You ask a peer for advice on what to do during the upcoming bidder conference. The best advice the peer can give includes:

During the Executing and the Monitoring and Controlling phases, the project sponsor tells you, the project manager, that the requirements have changed for one of the project deliverables. Based on this new knowledge, you have to complete additional planning. What is the term used to describe this series of events?