Emily is a project manager managing a town-development project. Emily has set up a series of interviews with various stakeholders to gather some experiential and historical information on risks. Which phase is this likely to happen in? A. Perform Qualitative Risk AnalysisB. Plan Risk ResponsesC. Understand RisksD. Perform Quantitative Risk Analysis Show Answer A. Perform
PMP Exam Set B – Q61
A decision tree is a Perform Quantitative Risk Analysis technique that is structured around using a Decision Tree Diagram. It describes a situation under consideration and the implications of each of the available choices and the possible scenarios. A Decision Tree Diagram shows how to make a decision between alternative capital strategies known as: A.
PMP Exam Set B – Q60
A project manager colleague of yours is currently working under contract on a short term project. He has expressed some concerns about finding work after the project ends. The project he is working on is currently ahead of schedule and he expects they will finish a month sooner than initially expected. What advice would be
PMP Exam Set B – Q59
Alex is managing a hotel refurbishment project. He has identified his project’s key stakeholders. Alex now wants to expand this list of stakeholders and convert it to a comprehensive list of project stakeholders. What should Alex do? A. Do not spend more time on identifying the non-key stakeholdersB. Seek expert judgment from the identified key
PMP Exam Set B – Q58
Jane is an experienced project manager working on a pharmaceutical project. This project involves two big vendors to supply chemical products with specific composition for preparing drugs. While reviewing documents to see how the seller is performing, she noticed that some of the contractual terms were not met by the sellers. Since it is first
PMP Exam Set B – Q57
Which of the following does not motivate an individual? A. Achievement and growthB. Job satisfactionC. Micro-managementD. Challenging work Show Answer C. Micro-management
PMP Exam Set B – Q56
John is a project manager in an organization and conducts a workshop on project management. Which of the following statements made by him about projects is incorrect? A. Projects exist within an organization and operate as a closed system.B. Project processes usually generate information that helps improve the management of future projects.C. Successful project management
PMP Exam Set B – Q55
You are the Project Manager for GeoThermal Systems. Which of the following must be done FIRST before proceeding with a new project? A. Create the Project Scope StatementB. Stakeholder analysisC. Product analysisD. Obtain Project Charter approval Show Answer D. Obtain Project Charter approval
PMP Exam Set B – Q54
A risk with a positive outcome is called an _____________ . A. Unlikely riskB. Objective riskC. OpportunityD. Obsolete risk Show Answer C. Opportunity
PMP Exam Set B – Q53
A senior project manager advises a first-time project manager that identifying risks is just one step. On a continuous basis, new risks need to be identified, and existing risks need to be analyzed, tracked and their status reported. All this is done as part of what process? A. Direct and Manage Project WorkB. Monitor and