Which one of the following is the only output for the qualitative risk analysis process?
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Which one of the following is the only output for the qualitative risk analysis process?
which is the best definition of a benefit a program creates?
You are the program manager for your organization. You’re currently working with the program director, Nancy Holmes, to define a new program and the benefits the program should create. Of the following, which is the best definition of a benefit a program creates?
How is the risk exposure calculated?
Jeff, a key stakeholder in your project, wants to know how the risk exposure for the risk events is
calculated during quantitative risk analysis. He is worried about the risk exposure which is too low
for the events surrounding his project requirements. How is the risk exposure calculated?
you need to define all of the program resources you’ll need for your program
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You are the program manager for your organization and you need to define all of the program resources you’ll need for your program. All of the following can be considered a program resource except for which one?
What risk response is this?
You are the project manager of the YHG project for your company. Within the project, you and the
project team have identified a risk event that could have a financial impact on the project of
$450,000. This risk event has a 70 percent chance of occurring in the project. The project
identifies a solution that will reduce the probability of the risk event to ten percent, but it will cost
$260,000 to implement. Management agrees with the solution and asks that you include the risk
response in the project plan. What risk response is this?
which one?
Your program has been selected and its program charter is now being created. The program charter defines all of the following characteristics except for which one?
What term is assigned to the low-level of stakeholder tolerance in this project?
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You are the project manager of the NKJ Project for your company. The project’s success or failure
will have a significant impact on your organization’s profitability for the coming year. Management
has asked you to identify the risk events and communicate the event’s probability and impact as
early as possible in the project. Management wants to avoid risk events and needs to analyze the
cost-benefits of each risk event in this project. What term is assigned to the low-level of
stakeholder tolerance in this project?
What must Alice do to move forward with her change request?
Terri is the program manager for her organization and she’s working with Alice, a project manager in her program. Alice calls Terri and insists that she add a change to program scope. Terri agrees that the change should be entertained. What must Alice do to move forward with her change request?
What solution does the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?
You are the project manager for your organization. You are working with your key stakeholders in
the qualitative risk analysis process. You understand that there is certain bias towards the risk
events in the project that you need to address, manage, and ideally reduce. What solution does
the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?
What document must the program customer must now sign as part of program closure?
You are the program manager for the NHQ Program. Your program has a budget of $4,500,000 and has lasted for two years. Your program has just completed its final deliverable and you’re completing the final program closure processes. What document must the program customer must now sign as part of program closure?