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Q177. Identify the term described in the statement given below? "The use of it should be reviewed along with an assessment of their effectiveness. This will aid the program management in determining if risks to the program are being effectively managed. It also provides feedback to the program management on any projects that need to be recovered or terminated." 

A. Budget 

B. Planned Value 

C. Contingency Reserve 

D. Earned Value 

Answer: C 


Q178. Tom is program manager for his organization. His program is scheduled to last ten months and has a cost estimate for the program of $550,000. It is now month nine and Tom reports that he actually has a cost variance of a positive $56,000. While Tom is pleased, the new management is not. Why is a positive cost variance not necessarily good news? 

A. A poor cost estimate prevented the organization from adding things to the program scope. 

B. Tom has overestimated the cost of the program. 

C. A poor cost estimatecould affect theorganization'sdecisions to invest the fundselsewhere . 

D. Tom hasforgot to include deliverables in the program. 

Answer: C 


Q179. An organization supports both programs and projects for various industries. What is a portfolio? 

A. A portfolio is the total amount of funds that have been invested in programs, projects, and operations. 

B. A portfolio describes all of the monies that are invested in the organization. 

C. A portfolio describes the organization of related projects, programs, and operations. 

D. A portfolio describes any project or program within one industry or applicationareA. 

Answer: C 


Q180. Donna is the project manager for her organization. She is preparing a plan to manage changes to the project should changes be requested. Her change management plan defines the process for documenting, tracking, and determining if the changes should be approved or declined. What system is considered the parent of the change control system documented in Donna's plan? 

A. Quality Management System 

B. Change Control System 

C. Project Management Information System 

D. Integrated Change Control System 

Answer: C 


Q181. You are the program manager for your organization. You have proposed a program that will cost $750,000 and will last for four years. Management is concerned with the cost of the program in relation to the return your program will bring. If the rate of return is six percent what is the minimum value your project should return in four years based on the investment of the program? 

A. $750,000 

B. $795,000 

C. $750,001 

D. $946,857 

Answer: D 


Q182. Which of the following tools and techniques are parts of the Administer Program Procurements process? Each correct answer represents a complete solution. Choose all that apply. 

A. Inspection and audits 

B. Budget management system 

C. Supplier performance review 

D. Contract performance review 

Answer: ABD 


Q183. Ned is the program manager for his organization and he's considering some new materials for his program. He and his team have never worked with these materials before and he wants to ask the vendor for some additional information, a demon, and even some samples. What type of a document should Ned send to the vendor? 

A. RFI 

B. RFP 

C. RFQ 

D. IFB 

Answer: A 


Q184. A wild life protection organization opposes your program, which involves the cutting of around 200 trees to make way for the construction of a building. Which of the following correctly defines the organization in program management terminology? 

A. Negative stakeholder 

B. Positive stakeholder 

C. Key stakeholder 

D. Hurdle stakeholder 

Answer: A