As a result of changes in the economy, it has been communicated that the current costs for
needed components have doubled from what was originally budgeted. If the procurement
occurs, this would result in exceeding the cost baseline for the project. Which of the
following actions should the project manager take?

A project needs software. After analyzing the choices, it is determined that if made in-house,
it will cost $100,000. However, if the software is purchased, the cost would be $25,000.
After reviewing the successful implementations in the past, if made in-house, there is a 20%
chance that $30,000 would be spent on bug fixes. If the software is purchased, there is a

70% chance that $200,000 in training and customizations would be required. Which of the
following reflects the expected monetary value of purchasing the software?

Determining how to communicate general project information with a globally dispersed team
has created scheduling challenges. Which of the following would BEST remedy the
situation?

A project manager is using historical data from multiple projects to estimate activity
durations. Which of the following network diagrams would BEST allow for the utilization of
the information available?

Upper and lower control limits could be set at a standard deviation of three. Which of the
following represents the associated confidence level?

When looking for solutions, which of the following procurement documents should be used?

While working on a project, an unforeseen event arises that impacts a project objective.
Which of the following should be updated as a result?

While working on a project, a workaround is implemented to deal with an unforeseen event.
Which of the following should be the NEXT step?

Objectives contained in the charter should resolve the:

An organization with a matrix structure typically: