what type of risk response?
You are the project manager of a large construction project. Part of the project involves the wiring
of the electricity in the building your project is creating. You and the project team determine the
electrical work is too dangerous to perform yourself so you hire an electrician to perform the work
for the project. This is an example of what type of risk response?
[tagged] Identify the term described in the statement given below?
[tagged]
Identify the term described in the statement given below? “The use of it should be reviewed along with an assessment of their effectiveness. This will aid the program management in determining if risks to the program are being effectively managed. It also provides feedback to the program management on any projects that need to be recovered or terminated.”
[tagged] Risks with low ratings of probability and impact are included on a ____ for future monitoring.
[tagged]
Risks with low ratings of probability and impact are included on a ____ for future monitoring.
which program process are you working on?
[tagged]
You work as a program manager for a large construction program. Your program includes constructing hotels across the country. You collect information on the status of the program.
During comparison with the original plan you find the 200 hotels have been completed as against 275 hotels planned as of today. In which program process are you working on?
What approach can a project manager use to improve the project’s performance during qualitative risk ana
What approach can a project manager use to improve the project’s performance during qualitative
risk analysis?
What should Martha instruct Kay to do with the information regarding the schedule delays and cost overruns?
Martha is the program manager for her organization. One of the projects of a program is done but is also considerably over budget. Kay, the project manager, has elected to crash the project in order to recoup schedule delays but this increased the project costs. What should Martha instruct Kay to do with the information regarding the schedule delays and cost overruns?
you need to include in your risk contingency fund?
You are the project manager of the NHH project for your company. You and the project team have
completed the quantitative risk analysis for your project. During this process you create a
contingency reserve based on the risk probability-impact matrix as seen in the figure below.
Based on the information in the figure above, what amount would you need to include in your risk
contingency fund?
Which of the following tools and techniques are parts of the Administer Program Procurements process?
[tagged]
Which of the following tools and techniques are parts of the Administer Program Procurements process? Each correct answer represents a complete solution. Choose all that apply.
Where can Mark determine the priority of a risk given its probability and impact?
[tagged]
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 processes are you on?
[tagged]
You are a program manager for a large construction program. You need to ensure that the projects in the program are in accordance with the schedule. You are tracking start and finish dates for them. Which of the following processes are you on?