PMP Certification Questions

Richard is using an estimate based on a project very similar to to his own with staff he will be using.  Answer A is incorrect because perametric modeling involves using a mathematical model to predict costs, such as dollars per line of code. Answer C is incorrect, although close; if the development project is a common item, such as putting down new flooring, a rule -of-thumb measurement can be used, although it is less accurate. Answer D is incorrect because it is not a form of estimating, but a type of pricing.

Answer A is reversed. Answer C is sometimes mistakenly used to forecast project completion (it’s invalid because it does not take into consideration which completed tasks are on the critical path). Answer D is the definition of Schedule Variance. 

The approval by the Architecture Review Board is a milestone you want to include in activity sequencing so that you can ensure the requirements for meeting the review board's approval are met.  Answer A is tempting because the question references phase-end activities; however, it is not an example of gatekeeping because the project is not being authorized to continue based only on the architecture review.Gatekeeping often involves the review of other factors as well. Answer C is incorect because the requirement of a review board approval does not afect scope. Answer D is incorrect because project integration planning involves project plan development, execution, and integrated change control, which are not related to a review board.

Corrective actions are part of the process after establishing objectives and checking on the objectives. The next step is to take corrective actions. Answers A, C, D are true statements and therfore are incorrect for this question.