Task 4 Manage Project Artifacts (stakeholder Engagement Plan, Budget, Schedule, Issues Log, Procurement Plan, Scope, Etc.) CSPP Practice Questions (Page 1)

Questions 1–5

1. 1expert · hard

   A project has a budget of $200,000 and a deadline of 8 months. The cost estimate is $190,000 with a schedule of 7 months. A new regulation requires an additional compliance activity that costs $15,000 and takes 1 month. The sponsor refuses to increase the budget or extend the deadline. The project manager has identified a potential cost saving of $10,000 by using a cheaper material, but this would add 2 weeks to the schedule. What should the project manager do?

   • AUse the cheaper material and accept the 2-week schedule delay
   • BAnalyze the schedule for compression opportunities to offset the 2-week delay while using the cheaper material
   • CRequest a scope reduction to offset the compliance cost
   • DRe-estimate the project to find additional savings and compress the schedule to meet both constraints
   Reveal Solution Discussion Select an answer first
2. 2foundation · easy

   A stakeholder has high influence over project decisions but shows low interest in day-to-day activities. According to stakeholder engagement best practices, what is the recommended engagement strategy?

   • AKeep informed
   • BMonitor
   • CManage closely
   • DKeep satisfied
   Reveal Solution Discussion Select an answer first
4. 3application · medium

   During a project, a key stakeholder requests a change that would add 2 weeks to the schedule. The change control board (CCB) approves it. What should the project manager update?

   • AOnly the project schedule
   • BThe stakeholder engagement plan
   • CThe issues log
   • DThe scope baseline, schedule, and budget
   Reveal Solution Discussion Select an answer first
5. 4expert · medium

   A project has a budget of $50,000. The cost estimate is $48,000. A risk assessment identifies a 20% chance of a $10,000 cost overrun due to currency fluctuation. The sponsor wants to include a contingency reserve but cannot exceed the budget. What is the most appropriate contingency reserve amount?

   • A$0
   • B$5,000
   • C$10,000
   • D$2,000
   Reveal Solution Discussion Select an answer first
6. 5application · medium

   During a renewable energy project, a key supplier announces a 2-week delay in delivering solar panels. The project manager needs to log this in the issues log. Which set of fields is most essential to include?

   • ADescription, impact, owner, and resolution date
   • BSupplier name, contract value, and payment terms
   • CDescription, probability, impact, and risk score
   • DDescription, stakeholder list, and meeting minutes
   Reveal Solution Discussion Select an answer first