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10: Program Knowledge Areas
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B Program cost management C Program charter D Initiating process group B This isn t a trick question the program cost management knowledge area defines the program budget A, C, and D do not define the program budget, so these choices are incorrect 9 You are the program manager of the HUYY Program You need to purchase 45 copies of project management software program for your project managers in the program Which procurement document could you provide to the sellers if you are only interested in a price for the software A Quote PART III B RFP C IFB D Charter C The program manager needs only a price for the software The only answer that asks the seller for a price is the IFB, the invitation for bid A is wrong, because a quote is what the seller will provide to the buyer B is incorrect, as a request for proposal is asking for more than just a price D, charter, is also wrong, as this is the document that authorizes the program 10 Complete the following statement: ________________ is/are planned into a program, not inspected into a program A Costs B Quality C Requirements D Scope changes B Quality is planned into a program, not inspected into a program Choices A, C, and D are all incorrect statements 11 Which earned value management formula can help forecast the program s variance at completion A EAC B VAC C BAC D CPI B The variance at completion (VAC) is the only forecasting formula that will predict how the program will end on cost variance A, the estimate at completion (EAC), predicts how much the total program costs will be, given the current conditions C, the budget at completion, is not a forecasting formula D, the cost performance index, tells how well the program is doing on costs and is not a forecasting formula
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12 Issue management and control is a program integration management process This process identifies issues and what other related activity A Promotes issue to risks B Documents issues in the risk register C Documents issues in the issue register D Documents issues in the issue log C Issue management includes the activity to document the identified issues in the issue register A and B are incorrect; risk management planning and analysis would identify and document risks in the risk register D is incorrect, as there is not an issue log, but an issue register 13 Your program is performing very well, and you re actually ahead of the planned program schedule You discover that your program has an extra $225,000 in the program budget that you won t need to meet the program scope What should you do with the $225,000 A Add features to the program scope to consume the funds B Return the funds to the organization as part of cost budgeting C Add the funds to the program s contingency reserve D Return the funds to the organization as part of cost control D Part of cost control is to return extra funds back to the organization Choices A and C are incorrect, as A describes gold plating the program scope, and choice C is not the correct approach for adding funds to the contingency reserve Choice B is almost correct, except it s not the cost budgeting process to return the funds to the organization 14 In which knowledge area does the performance reporting process exist A Program integrated management B Program communications management C Program cost management D Program quality management B Performance reporting only exists in the program communications management process Choices A, C, and D are all incorrect, as these knowledge areas do not host the performance reporting process 15 Your program has 129 stakeholders, but next month the pool of stakeholders will grow to 211 How many more stakeholder communication channels will your program have next month A 8,256 B 22,155
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