PMP Practice Question: Process — Predictive, Medium
You are managing a product development project with multiple external vendors. One vendor has submitted an invoice for $85,000 for completed work. Your procurement specialist reviews the invoice against the contract and identifies that the deliverables match the contract requirements, but notices the vendor applied a 5% price increase that was not in the original fixed-price contract. The vendor claims the increase was discussed verbally with a team member due to scope changes. Your team member confirms a conversation occurred but no formal change was processed. What should you do?
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More Process Questions
View all →You are managing a construction project with a fixed budget of $2.5 million and a 14-month timeline. During month 6, you conduct an earned value analysis and discover that the Cost Performance Index (CPI) is 0.85 and the Schedule Performance Index (SPI) is 0.92. The project sponsor asks you to forecast the final project cost and determine what actions are needed. Using the current performance trends, what is the most appropriate estimate at completion (EAC) if you believe current variances are atypical and future work will be performed at the planned rate?
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You are managing a bridge construction project and have just completed developing the Work Breakdown Structure (WBS) with your team. Each work package has been defined and assigned a unique identifier. A team member asks what the lowest level of the WBS represents. How should you respond?