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_Free PMP Exam Sample Question_192-1

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Information about _Free PMP Exam Sample Question_192-1
Education

Published on March 14, 2014

Author: pmpodcast

Source: authorstream.com

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Free PMP® Exam Sample Question: Free PMP ® Exam Sample Question PMI, PMP, CAPM, PgMP , PMI-ACP, PMI-SP, PMI-RMP and PMBOK are trademarks of the Project Management Institute, Inc. PMI has not endorsed and did not participate in the development of this publication. PMI does not sponsor this publication and makes no warranty, guarantee or representation, expressed or implied as to the accuracy or content. Every attempt has been made by OSP International LLC to ensure that the information presented in this publication is accurate and can serve as preparation for the PMP certification exam. However, OSP International LLC accepts no legal responsibility for the content herein. This document should be used only as a reference and not as a replacement for officially published material. Using the information from this document does not guarantee that the reader will pass the PMP certification exam. No such guarantees or warranties are implied or expressed by OSP International LLC. PowerPoint Presentation: 2 The following PMP® Exam Sample Question is taken from the Free PMP Exam Simulator: PowerPoint Presentation: 3 PMP ® Exam Sample Question You are managing a water supply network deployment project. During project planning you are considering two approaches to lay the pipe network. Approach A will most likely cost $50,000 (±5%). Approach B will most likely cost $25,000 (±40%). Which approach will you select if your project stakeholders' risk tolerances are low and if you want to select the less risky approach? A) Neither approach since they are not definitive estimates. B) Approach B since it ranges from $15,000 to $35,000. C) Approach A since it ranges from $47,500 to $52,500. D) A combination of approach A and B.   PowerPoint Presentation: 4 Estimates are never definitive. All our questions are updated to the latest PMBOK® Guide standard. Stop by at      http://free.pm-exam-simulator.com and try the PMP ® Exam Simulator free for 3 days. We also offer 110 free questions at    http://www.free-pm-exam-questions.com. We are a PMI ® Registered Education Provider. Hint: PowerPoint Presentation: 5 The correct answer is C. Explanation: Please note that the question doesn't ask for the approach that is more financially feasible. Instead, the question asks you to identify the approach that has the lower risk. The larger the range of an estimate, the larger the risk. Since approach B is a wide range estimate, it is more risky. Approach C has a narrow estimate, which makes this approach less risky. Answer and Explanation:

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