Which of the following inputs will be needed for the quantitative risk analysis process in her project?
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Della works as a project manager for SoftTech Inc. She is working with the project stakeholders to
begin the quantitative risk analysis process. Which of the following inputs will be needed for the
quantitative risk analysis process in her project? Each correct answer represents a complete
solution. Choose all that apply.
What document should you create?
You need to create a document that will define the costs, resources, and characteristics of each deliverable the program will create. What document should you create?
Which project management process is responsible for these actions?
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You are the project manager of the GHY Project for your company. You need to complete a
project management process that will be on the lookout for new risks, changing risks, and risks
that are now outdated. Which project management process is responsible for these actions?
Which one of the following is a likely reason why the project should be terminated?
Mary Anne is the program manager for her organization. In her program there are six projects. One of the projects in her program has been performing well. It is on schedule and has no cost or schedule variances. Mary Anne has decided, however, that her program needs to be terminated.
Which one of the following is a likely reason why the project should be terminated?
What things will you need as inputs for the quantitative risk analysis of the project in this scenario?
You are the project manager of the GGH Project in your company. Your company is structured as
a functional organization and you report to the functional manager that you are ready to move onto
the quantitative risk analysis process. What things will you need as inputs for the quantitative risk
analysis of the project in this scenario?
what is the maximum amount the organization should invest in this program?
An organization is considering a new program. The business analyst believes that the benefits to the organization would equate to $1,550,000 in five years. If the rate of return for this program is six percent what is the maximum amount the organization should invest in this program?
Which of the following is NOT an example of a cause for a project risk?
You are the project manager of the HQQ Project for your company. You are working with your
project stakeholders to discuss the risks in the project that can adversely affect the project
objectives. You are discussing the possibilities of causes for an identified risk event in your project.
Your stakeholder is confused on the difference between causes and risk events. Which of the
following is NOT an example of a cause for a project risk?
Should you buy or build this solution?
You are trying to determine if you should buy or build a solution for your program. If you build the solution it’ll cost you $45,000 to create and $7,000 per month to support. A vendor reports that they can create the solution for you for $1,000 but you’ll have to pay them $9,000 per month to support the solution. Should you buy or build this solution?
What is the schedule variance for this project?
Consider a project with a budget at completion of $1,345,000 and it is supposed to be completed
by today, but it is only 80 percent complete. This project has spent $1,250,000 to reach this point
of completion. What is the schedule variance for this project?
What type of risk response have you implemented in this situation?
You are the program manager of the GHY Program. Your program team has identified a risk dealing with the materials you will be using in the program. It is possible that if the materials are not installed properly they will cause serious damage in future phases of the program. Your team has recommended additional training and a consultant to help the team members install the material accurately to reduce the likelihood of the risk event. You agree and the team executes the risk response.
What type of risk response have you implemented in this situation?