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NEW QUESTION: 1
Which of the following techniques is described in the statement below?
"It is used to verify whether a particular work can best be accomplished by the project team or must be purchased from outside sources."
A. Risk analysis
B. Contract type
C. Make-or-Buy analysis
D. Expert judgment
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Answer option C is correct.
A make-or-buy analysis is used to verify whether a particular work can best be accomplished by the project team or must be purchased from outside sources. The budget constraints can influence the make-or-buy decisions. A make-or-buy analysis must consider all related costs; both direct and indirect support costs.
Answer option A is incorrect. Risk analysis is a method or a technique that can be used to identify and assess factors that may hinder the successful completion of a project or the achievement of a goal. It is also known as Project Impact Analysis or PIA. Risk analysis can also be used to determine business needs to start a project.
Answer option B is incorrect. Expert Judgment is a term that refers a specifically to a technique in which judgment is made based upon a specific set of criteria and/or expertise that has been acquired in a specific knowledge area, or product area, a particular discipline, an industry, etc. When project conflicts arise, expert judgment is used to evaluate the inputs into the process. Specifically, expert judgment is used to assess the product description, the project-selection criteria, and the validity of the historical information. In addition, expert judgment could be used to identify key assumptions and constraints. The expert can be anyone from within or external to the project team that has the required specialized knowledge and/or experience relevant to the goals of the project can be used as a source of expert judgment. Just who is an expert? While SMEs (Subject Matter Experts), customers, industry experts, consultants are all examples of experts, it doesn't have to be a person who is considered the ultimate in that sphere. It could be anyone who has the required experience to provide the input and judgment required to address the conflict.
Answer option D is incorrect. The type of contract to be used and the specific contract terms and conditions fix the degree of risk being assumed by the buyer and seller.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Procurement and Project Integration Objective: Make vs. Buy Analysis

NEW QUESTION: 2
Topic 9, Scenario 9 "Test Management Documentation"
A software house is concerned about the number of defects found in software released to its customers.
They are starting to plan a new software product. In the past, releases have often been stopped due to poor planning and too many defects found during high level testing. You have been recruited to the newly created position of test manager and asked to develop a test strategy, manage the testing of the project and organize the resources needed to carry out the testing.
Within the projects, a master test plan and phase test plan will be used. Following is a list of characteristics applicable for test plans (see below).
Which THREE of the above mentioned characteristics relate to the master test plan?
A. A detailed schedule of testing activities
B. The overall estimated costs, timescales and resource requirements
C. Which test staff members (names) will be involved and when
D. Level of requirements coverage achieved
E. The development deliverables to be tested
F. Any deviation from the procedures described in the test strategy document
Answer: B,E,F

NEW QUESTION: 3
You are reviewing the sales pipeline of your Dynamics CRM organization. You need to identify which type of data is contained in the sales pipeline. What should you identify?
A. the combined estimated revenue of all active quotes
B . the combined estimated revenue of all open leads
B. the combined estimated revenue of all open orders
C. the combined estimated revenue of all open opportunities
Answer: B

NEW QUESTION: 4
What is the role of the XP Coach?
A. Helps the team stay on process
B. Ensures the product works
C. Determines the order to build
D. Defines the right product to build
Answer: A