Three strategies that typically deal with negative risks or threats are:
A. Enhance, Share and Accept
B. Transfer, Exploit and Accept
C. Avoid, Transfer and Exploit
D. Avoid, Transfer and Mitigate
Three strategies that typically deal with negative risks or threats are:
A. Enhance, Share and Accept
B. Transfer, Exploit and Accept
C. Avoid, Transfer and Exploit
D. Avoid, Transfer and Mitigate
Which of these is not an approved Estimate Activity Durations technique?
A. Three Point Estimating
B. Parametric Estimating
C. Analogous Estimating
D. Critical Path Estimation
A project manager has scheduled technical training for her project team members in order to increase their skills. During which of the following processes these trainings will be delivered to the team members?
A. Manage Quality
B. Acquire Resources
C. Develop Team
D. Plan Resource Management
There are 10 stakeholders in MegaMart’s ERP deployment project. How many potential communications channels are there?
A. 25
B. 10
C. 45
D. 30
A large construction project for a logistics company will require the expenditure of a large amount of capital. The finance group works with the project manager to project set limits when expenses will be incurred in a given project, and determine if there are ways to smooth out or level the spending to avoid a single large expenditure one quarter and none the next. This is an example of:
A. Levelized Billing
B. Funding Limit Reconciliation
C. A financial review
D. Rescheduling
You are managing a project that has a task to translate several pages of a document into Spanish. This is very similar to a project done last year where a document was translated into German. You are not sure how long it will take to translate into Spanish so you look at the project plan from the German translation and use the activity duration for your current project. What type of estimating is this an example of?
A. Hypothesis
B. Parametric Estimating
C. Analogous Estimating
D. What if Scenario Analysis
Which of the following is not a Risk-Diagramming Technique?
A. Influence diagrams
B. Control charts
C. Cause-and-Effect diagrams
D. System flowcharts
During your weekly status reports you are reporting the earned value for the project. This information is important for you and the stakeholders to gauge the progress of the project. What process group are the cost and schedule control part of?
A. Closing
B. Planning
C. Executing
D. Monitoring and Controlling
A project manager of a project that was contracted on a Time and Material basis finds that some of the tasks have been taking lesser time than planned. On average each team member has required only 30 hours to accomplish work which was planned for 40 hours during the week. The project manager should:
A. Report the accurate status to your manager and send a separate report stating that each team member was busy for 40 hours
B. Report this accurately on the status report and ensure that activities are re-planned as necessary, to keep the team completely occupied.
C. Report on the status report that each team member was busy for 40 hours, and use the time saved for other activities not related to the project.
D. Avoid mentioning these kinds of savings on status reports.
Variance Analysis is an important tool used in the Control Costs Process. Which of the following statements regarding variances is correct?
A. The percentage range of acceptable variances will tend to increase as more work is accomplished
B. The percentage range of acceptable variances will tend to decrease as more work is accomplished
C. The percentage range of acceptable variances is high at the start of a project, tends to decrease in the middle of a project, and then tends to increase as the project nears completion
D. The percentage range of acceptable variances is a constant all through the project