Which one of the following approaches to risk identification should Rachel choose to provide a quick and simpl
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Rachel is the project manager of the KJH Project for her company. She needs a method to create
a quick and simple approach to risk identification to communicate the project risk with the
stakeholders. Which one of the following approaches to risk identification should Rachel choose to
provide a quick and simple listing of the project risks?
What approach can you use to consider the availability of resources when the project managers begin sequencing
You are the program manager for your organization. Your current program, which has just started, has eight projects and many of the projects share resources such as equipment and people.
Management has asked that you identify when the project resources will be utilized on each project within your program. They are worried some resources may be idle or overscheduled. What approach can you use to consider the availability of resources when the project managers begin sequencing their project activities?
What type of risk response has been used in this instance?
Shawn is the project manager of the WHT Project for his company. In this project Shawn’s team
reports that they have found a way to complete the project work for less cost than what was
originally planned. The project team presents a new software that will help to automate the project
work. While the software and the associated training costs $25,000 it will save the project nearly
$65,000 in total costs. Shawn agrees to the software and changes to the project management plan
accordingly. What type of risk response has been used in this instance?
How many months would you have to use your in-house solution to equate to the cost of the vendor’s solut
You are the program manager for your organization and you’re trying to determine if you buy or build a software solution for your organization. If you build the solution it’ll cost you $75,000 to create and it’ll cost you $12,000 per month to support. If you hire a vendor they can build the solution for $63,000 but their solution will cost you $15,500 per month to support. How many months would you have to use your in-house solution to equate to the cost of the vendor’s solution?
What should Wendy do with the funds in the contingency reserve?
Wendy is the project manager of the FBL project for your company. She has identified several
risks within her project and has created a risk contingency reserve of $45,000 total. Her project is
nearly complete and many of the risks have not happened in the project. What should Wendy do
with the funds in the contingency reserve?
which one to facilitate team development?
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Robert is the program manager of the NHQ Program. His team has never worked with one another before this program and he is worried about their abilities to become a team in very short order. He would like to create a team development exercise to facilitate this process. Robert will need all of the following information except for which one to facilitate team development?
What are these riskladen features called?
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Frank is a project team member in your project. Frank has been adding changes to the software
interface for the software that your project is creating. Because Frank has been adding these
features new risks have entered into the project. You elect that these additions should be removed
from the project even if it takes extra time and money to remove the features. What are these
riskladen features called?
What document asks the seller to provide your project with a detailed description of a project solution along
What document asks the seller to provide your project with a detailed description of a project solution along with a price to complete the project work?
you need to use the solution to pay for the internal solution in comparison to the vendor’s solution?
You are the project manager for your organization. You have identified a risk event you’re your
organization could manage internally or externally. If you manage the event internally it will cost
your project $578,000 and an additional $12,000 per month the solution is in use. A vendor can
manage the risk event for you. The vendor will charge $550,000 and $14,500 per month that the
solution is in use. How many months will you need to use the solution to pay for the internal
solution in comparison to the vendor’s solution?
which of the following steps could have been prevented the situation?
Martha is sharing her experience of her last project as the project manager. She tells that when she presented customer a formal acceptance and sign-off document, they refused to sign, claiming that the product does not meet their expectation.
Taking which of the following steps could have been prevented the situation?
Each correct answer represents a complete solution. Choose all that apply.