You work as a project manager for PassGuide Inc. You are working with your project team to plan the risk responses. Your project has a budget of $450,000 and is expected to last seven months. You have identified a risk event that has a probability of .60 and has a cost impact of $250,000 within the project. While creating a risk response for this event, what is the risk exposure of the event that must be considered for the cost of the risk response?
You work as a project manager for PassGuide Inc. A new project has been proposed to change all keyboards of every computer in your organization. There are 1,600 keyboards that will need to be removed and replaced with wireless keyboards. What document will you first need to start this project?
You work as a project manager for PassGuide Inc. You are performing steps to carry out and finish the project according to the measures drawn through the planning stage. Which of the following stages of the project are you working on?
Which of the following processes formally permits the initiation of a project and marks the kickoff for all consequent development activities to begin?
You work as a project manager for PassGuide Inc. You are working on several projects. Your projects vary in size and budget. You have to calculate the ratios of schedule and cost compared to plan, so that you can compare relative schedule and cost performance of each project. Which of the following components of EVM provide measures of schedule and cost performance that are not affected by the size of the project?
You are using the PDCA model to determine, implement, monitor, control, and maintain Information Security Management System or ISMS. You have to evaluate the new processes and match up to the results against the probable results to determine the differences. In which of the following phases of the PDCA are you working?
You are the project manager of the NNN Project. Stakeholders in the two-year project have requested to send status reports to them via email every week. You have agreed and are sending the reports on each Thursday. After six months of the project, the stakeholders are pleased with the project progress and they would like you to reduce the status reports to every two weeks. What process will examine the change to this project process and implement it in the project?
Jane works as a project manager for PassGuide Inc. The project on which Jane is working will last for three years and includes 200 stakeholders. How often should the Identify Risks process take place?
You work as a project manager for BlueWell Inc. Which of the following techniques will you use to determine whether particular work can best be accomplished by the project team or must be purchased from the outside sources?
You work as a project manager for PassGuide Inc. Two of your team members are held in a conflict on a module of the project assigned to them. You have told them to work together to find a mutually beneficial solution. Which of the following conflict resolution techniques will your team members follow to achieve the solution?
You are the project manager of the NHT Project. This project has 12,345 office doors to install throughout a campus. Each of the doors costs the project $456 and requires special hardware to electronically lock and open the doors. You've gathered the project team before they begin the installation for a hands-on training. As a group you and the project team install 50 doors following a checklist of instructions so that every door will be installed exactly the same throughout the campus and with minimal waste. This is an example of what project execution technique?
Which of the following are the types of casual/econometric forecasting methods?
Each correct answer represents a complete solution. Choose all that apply.
You have been assigned as the Project Manager for a new project that involves deployment of a new software application to all your organization's users. The timeline is aggressive, and this software is being deployed on your company's architecture for the first time. In addition, your project steering committee has specified an allowable budget for your project. You plan to use an outside company for this deployment. Which of the following contract types is BEST suited for you to negotiate?
You work as a project manager for PassGuide Inc. You are in the project kickoff meeting. Which of the following documents are reviewed during the project kickoff meeting?
Each correct answer represents a complete solution. Choose all that apply.
Marsha is the project manager of the NHQ Project. There's a risk that her project team has identified, which could cause the project to be late by more than a month. Marsha does not want this risk event to happen so she devises extra project activities to ensure that the risk event will not happen. The extra steps, however, will cost the project an additional $10,000. What type of risk response is this approach?
You work as a project manager for PassGuide Inc. You want to share the organization strategic ideas, tasks, dependencies, and associations with team members. Which of the following will help you to achieve the above task?
Jane is the project manager of the GBB project for her company. In the current project a vendor has offered the project a ten percent discount based if they will order 100 units for the project. It is possible that the GBB Project may need the 100 units, but the cost of the units is not a top priority for the project. Jane documents the offer and tells the vendor that they will keep the offer in mind and continue with the project as planned. What risk response has been given in this project?
Fill in the blank with the appropriate term.
______describes the utilization of formal econometric techniques to evaluate the aggregate risk in a financial portfolio
Which of the following is a document that covers the work that will be done, how the work will be compensated, and any penalties for noncompliance?
Which of the following theories focuses on increasing employee loyalty to the company by providing a job for life with a strong focus on the well-being of the employee, both on and off the job?
Which of the following models is used to determine, implement, monitor, control, and maintain Information Security Management System or ISMS?
Which of the following documents refers specifically to the input output mechanism that serves the purpose of providing a narrative description of the sum of the scope of the project?
You work as a project manager for PassGuide Inc. You have to calculate the detailed cost, which is rolled up (or summarized) to higher levels for total project estimates. Which of the following techniques will you use to accomplish the task?
Which of the following ideas should be kept in mind for effective listening?
Each correct answer represents a complete solution. Choose all that apply.
Walter is the project manager of a large construction project. He'll be working with several vendors on the project. Vendors will be providing materials and labor for several parts of the project. Some of the works in the project are very dangerous so Walter has implemented safety requirements for all of the vendors and his own project team. Stakeholders for the project have added new requirements, which have caused new risks in the project. A vendor has identified a new risk that could affect the project if it comes into fruition. Walter agrees with the vendor and has updated the risk register and created potential risk responses to mitigate the risk. What should Walter also update in this scenario considering the risk event?
Which of the following documents has the specific purpose of conceding or providing formal authorization and/or agreement for the actual and real existence of the project?
Which of the following techniques is defined in the statement given below?
"It is a technique where a project team is placed in a single location where they can work in a face-to-face environment to enhance their ability to perform as a team."
Which of the following activities are involved in the Team Development process?
Each correct answer represents a complete solution. Choose all that apply.
You work as a project manager for PassGuide Inc. Your project has a schedule variance of -$35,500 and a schedule performance index of 0.92. What do these values mean in regard to project performance?
You work as a project manager for PassGuide Inc. You have to work on an agreement that creates and defines obligations between two or more parties. Which of the following types of agreement will you work on?
You work as a project manager for BlueWell Inc. You are currently working with the project stakeholders to identify risks in your project. You understand that the qualitative risk assessment and analysis can reflect the attitude of the project team and other stakeholders to risk. Effective assessment of risk requires management of the risk attitudes of the participants. What should you, the project manager, do with assessment of identified risks in consideration of the attitude and bias of the participants towards the project risk?
You are the project manager of the UTN Project and are working on the roles and responsibilities for your project. You'll need to define four aspects of the roles and responsibilities. All of the following must be defined except for which one?
In which of the following processes are the results of executing the quality activities recorded and monitored in order to assess performance and recommend necessary changes?
You work as a project manager for PassGuide Inc. Which of the following processes will you use to build up an estimate of the monetary resources required to complete project activities?
Alan works as a project manager for PassGuide Inc. He is working on the office renovation project. The office has 200 doors. All doors have to be glassed and painted. Before each door can be painted, the glasses must be fitted in them at least 12 hours before. Alan has arranged these tasks with a finish to start relationship between glassing and painting. What else should Alan do to account for the twelve hours of maintenance time?
You are the project manager for your organization. Your organization manages projects for other companies. You will be soon managing a project for the JUH Company. What document do you need first to help to develop the project charter?
Which of the following statements about Work Breakdown Structure (WBS) are true?
Each correct answer represents a complete solution. Choose all that apply.
You work as a project manager for PassGuide Inc. You want to include a budget contingency to accommodate the risk of incurring unidentifiable but normally occurring costs within the defined scope. Which of the following processes will help you to accomplish the task?
You work as a project manager for PassGuide Inc. You want to communicate and solicit feedback from your employees to build future plans. Which of the following will help you to accomplish the above task?
You are working with your project team to identify the project activities within your project. Which of the following is NOT a tool and technique that will be useful in defining the project activities?
You work as a project manager for PassGuide Inc. Your project has a budget of $545,000 and is expected to last 12 months. You have identified several risk events and created risk response plans for your project. In which of the following process groups will you be able to implement risk response plans?
You work as a project manager for PassGuide Inc. You are working on the control schedule process. Which of the following techniques will you use to find ways to bring project activities that are behind into alignment with the plan?
Which of the following is built by aggregating the costs of the individual work elements and then joining them at time intervals where meaningful actual cost information will be available?
Which of the following documents refers specifically to the input output mechanism that serves the purpose of providing a narrative description of the sum of the scope of the project?
Mark is the project manager of the BFL project for his organization. He and the project team are creating a probability and impact matrix using RAG rating. There is some confusion and disagreement among the project team as to how a certain risk is important and priority for attention should be managed. Where can Mark determine the priority of a risk given its probability and impact?
Which of the following techniques is used to identify risks, ideas, or solutions to issues by using a group?
Don has hired Jerry, a contractor, to complete a portion of his project work. The contract used was a cost-plus contract. If Don was to perform a risk audit, who would carry the risk in this scenario?
Which of the following quality costs refers to the cost of all tasks particularly designed to prevent poor quality in products or services?
You are the project manager of TRT project. During execution phase of your project, Rick, a team member, complains that other team members are isolating him and this isolation is bothering him.
Which of the following is not a recommended step in order to resolve the issue?
You work as a project manager for PassGuide Inc. You want to include a budget contingency to accommodate the risk of incurring unidentifiable but normally occurring costs within the defined scope. Which of the following processes will help you to accomplish the task?
Which of the following are inputs of the Control Scope process?
Each correct answer represents a complete solution. Choose all that apply.
Which of the following are outputs of the Direct and Manage Project Execution process?
Each correct answer represents a complete solution. Choose all that apply.
Fill in the blank with the appropriate term.
______is an estimating technique that uses parameters or project characteristics to forecast project costs.