Someone available for this. I need correct answers and well explained.

To produce the deliverables, the project will procure goods and services from outside the organization. The project manager has instructed the team to develop a comprehensive list of individual project risks related to those procurements.

What is the best course of action for the project team?

Consult the project charter

Review procurement documentation

Develop a procurement register

Check the probability and impact matrix

You are managing a renovation project of a house which is to be completed at a budget of $100,000. Earned value analysis shows that so far you have completed 40% of the work and spent $60,000.

How much more will it cost to complete the project if the cost performance remains unchanged?

$160,000

$149,254

$120,000

$89,254

A major dispute arises with a vendor on a project. The project manager claims that the vendor has failed to perform its contractual obligations, while the vendor complains that the project is behind on payments.

What is the best course of action for the project manager in this situation?

Refer this issue to a third party for mediation or arbitration

File a contract claim and then work directly with the vendor to resolve the issue

Terminate the contract, document lessons learned, and find another vendor

Conduct a procurement audit

You want to recognize the contributions of some of the high-performing team members so far in the project.

Which of the following do you need to guide you through this process?

Organizational process assets

Stakeholder register

Project team assignments

Quality metrics

You are managing a project to construct a bridge at a location that is highly regulated by multiple levels of government. You are in the process of developing a plan that will establish the criteria and the activities for developing, monitoring, and controlling the schedule.

Which of the following should you gather to finish this process?

The charter, project management plan, estimation databases, and PMO templates

Government standards, the assumption log, schedule management plan, and milestone list

The resource breakdown structure, lessons learned register, and scheduling methodology

The project scope statement, risk register, and project team assignments

One of the project activities requires that a search of a large area is conducted to find debris from an explosion of a failed prototype. The project is now in planning, and there is a debate among the team members on the kind and quantity of resources needed to do this activity.

What should the project manager do first?

Select any resource and quantity to complete the task by the due date

Request the team to vote and make a decision based on majority

Research various levels of resource capability and skills, types, and sizes

Utilize a PMIS to manage resource pools and allocate resources

A project manager is developing a cost management plan and needs to determine the best source of funding for a project that is dictated by a legal requirement. The cost of capital is estimated at 9.7% for non-dividend paying equity, 6.7% for debt, and 5.1% for self-funding. The NPV of the project is $500,000, and the opportunity cost is $750,000.

What is the project manager's best course of action?

Fund the project with equity since there are no dividend obligations

Select the self-funding option since it provides the lowest cost of capital

Perform an alternatives analysis since there are multiple factors to consider

Recommend the termination of the project since another project has a higher NPV

You are in the process of developing an approximation of the monetary resources needed to complete project work for a large-scale multinational project which will take at least seven years to complete. Your previous projects have all been domestic with short timeframes.

As part of the process you are currently performing, what might you need to do differently compared with your past projects?

Create a stakeholder engagement assessment matrix

Develop a more robust risk management plan

Consider additional enterprise environmental factors

Include additional organizational process assets

You are assigned to a software development project, and you are conducting a product review with an important client. Although the deliverables were previously verified, the client detects a defect and rejects one of the deliverables.

What should you do?

Submit a change request to fix the deliverable

Refund the customer for the value of the deliverable

Ask the project team to repair the defect

Begin the claims administration process

Not all team members are properly checking out resources used in the project.

What is the best option for the project manager?

Wait until there is a need or the team is impacted

Escalate the issue to the functional managers

Discuss the checkout rationale with the team

Remove the process of checking out resources

In a pharmaceutical project, human trials have been started. The CEO is thrilled about the success of the trials up to this point. She announces that the size of the patient pool for the trials should double from the one originally planned and results tracked in the new system launching this week.

What should the project manager do first?

Ramp up production to match the demand of the CEO

Consider what might be included in a change request

Adjust the scope baseline to reflect the increased trial size

Communicate the change in the scope to the project stakeholders