There are a number of risks that have been identified in your project. The team has elected not to change the project plan to deal with the risk, but they have established a contingency reserve of money in the event some of these risks are triggered. This is an example of what type of risk
Jane has just started the Identify Stakeholders process for her project. She is currently looking for a template for the stakeholder register so that she doesn’t have to reinvent the wheel. Where can she find stakeholder register templates? A. Organizational process assetsB. Project charterC. Project management planD. Enterprise environmental factors Show Answer A. Organizational process
A project involved development of a high speed hard disk drive. As part of its testing, the hard disk was subjected to continuous operation at a high speed and an elevated temperature. At the end of the test, the hard disk was destroyed beyond use. The cost of such testing is usually classified as: A.
The most effective method of resolving conflict or other issues with stakeholders is _____________ . A. IgnoreB. ArbitrateC. CollaborateD. Avoid Show Answer C. Collaborate
The date through which the project has provided actual status and accomplishments is called: A. Data Date (DD)B. Due Date (DD)C. Project Date (PD)D. Reporting Date (RD) Show Answer A. Data Date (DD)
You have recently taken over a troubled automobile project which has gone out of control. The project team missed many deadlines and stakeholders were not happy with the project progress. As an experienced project manager, your first priority is to bring the schedule into alignment with the project plan. You would like to use what-if
You are the project manager of a project and are about to conduct a risk identification exercise in a few days’ time. You would like to proactively remind the participants in the exercise of the various sources from which risk may arise in the project. What could you use to help you do this? A.
A buyer and seller are looking at getting into a long-term relationship spanning over 10 years. Both parties would like to be protected from the unstable financial conditions of the country that are beyond their control. What type of contract is appropriate for such a relationship? A. Fixed Price Incentive Fee (FPIF)B. Firm Fixed Price
What term defines the work needed to complete a product, service, or result? A. Product scopeB. Scope creepC. Scope verificationD. Project scope Show Answer D. Project scope
Emily is managing the construction of a new office facility for her company. The project is half way through the execution. The project sponsor has asked Emily to ensure that all they key project stakeholders are still committed to the project. How can Emily assess the stakeholders’ current engagement levels? A. By analyzing the most