What risk response has been enacted in this project?
Bill is the project manager of the JKH Project. He and the project team have identified a risk event
in the project with a high probability of occurrence and the risk event has a high cost impact on the
project. Bill discusses the risk event with Virginia, the primary project customer, and she decides
that the requirements surrounding the risk event should be removed from the project. The removal
of the requirements does affect the project scope, but it can release the project from the high risk
exposure. What risk response has been enacted in this project?
What type of process are you stressing to your program team and project managers?
[tagged]
You are the program manager of the OFE Program. You are working with your program team and project managers to ensure that there is consistency in the execution of the program plan. You stress that the work has been planned and now the team must accurately complete the work. You want to ensure that the work is done correctly the first time in the program. What type of process are you stressing to your program team and project managers?
Which one of the following is a valid response to the identified risk event?
[tagged]
Your project team has identified a project risk that must be responded to. The risk has been
recorded in the risk register and the project team has been discussing potential risk responses for
the risk event. The event is not likely to happen for several months but the probability of the event
is high. Which one of the following is a valid response to the identified risk event?
Which one of the following is not something you’ll have to monitor and control as a program manager?
[tagged]
You are the program manager for your company and are monitoring and controlling several aspects of your program. You want to make certain that you’re including all areas that need to be monitored and controlled. Which one of the following is not something you’ll have to monitor and control as a program manager?
What is the formula for the schedule variance?
Beth is the project manager of the BFG Project for her company. In this project Beth has decided
to create a contingency response based on the performance of the project schedule. If the project
schedule variance is greater than $10,000 the contingency plan will be implemented. What is the
formula for the schedule variance?
how much more money will this program need to finish?
A program has a budget at completion of $1,250,000 and has already spent $425,000. The program is running late due to some vendor delays; the program is only 30 percent complete though it was scheduled to be 45 percent at this time. Based on this information how much more money will this program need to finish?
which of the following processes, probability and impact matrix is prepared?
[tagged]
During which of the following processes, probability and impact matrix is prepared?
which is performing worse, the cost or schedule?
Your program has a budget at completion of $1,550,000 and is expected to last one year.
Currently your program is 45 percent complete and has spent $725,000. According to the program schedule you are actually to be fifty percent complete by this time, but due to some vendor delays your program is running just a bit late. Based on this information which is performing worse, the cost or schedule?
What risk response has Holly used in this instance?
Holly is the project manager of the GHH Project. During risk identification and the subsequent risk
analysis process she has identified a risk with a high probability and high impact for her project.
She and the stakeholder agree that the project management plan should be changed to eliminate
the risk threat entirely. What risk response has Holly used in this instance?
Which of the following is not a template element that is designed to make the project more effective?
Which of the following is not a template element that is designed to make the project more effective?