Mock-3

Question 1

Risk register definition?

Answer 1

The list and details of identified individual project risks

Question 2

Risk Management Plan contains

Answer 2

List of possible risk sources and categories

Impact and probability matrix

Risk reduction and action plan

Contingency plan

Risk threshold and metrics

Question 3

Risk report definition?

Answer 3

The document that outlines overall project risk, together with summary information on identified individual project risks. May include:

• Sources of overall project risk, indicating which are the most important
• Summary information on identified individual project risks (number of identified threats and opportunities, distribution of risks across risk categories, metrics and trends, etc.)

Question 4

Issue log definition?

Answer 4

A project document used to document and monitor elements under discussion or in dispute between project stakeholders.

Question 5

Risk report vs risk register?

Answer 5

The register is an ongoing document used throughout the project to make informed risk management decisions whereas the risk report is a snapshot of risk management work in a given moment.

Question 6

Risks vs issues?

Answer 6

Risks can be positive (opportunity) or negative (threat) and are regarded as an uncertainty -i.e. something that could happen 30 days or more in the future.

Issues are always negative and are events that are occurring now

Question 7

What is a feasibility study?

Answer 7

An assessment of the practicality of a proposed project plan or method. This is done by analyzing technical, economic, legal, operational and time feasibility factors

Question 8

Laissez-Faire leadership style?

Answer 8

“hands-off”. Teams are left to make decisions, set goals, and implement their own ideas in completing the assigned tasks.

Question 9

Transactional leadership style?

Answer 9

This style focuses on goals, feedback, and ways to determine the rewards a person gets.

Question 10

Servant leadership style?

Answer 10

Focus on others, growth, learning, shared prosperity, relationship orientation, and team collaboration.

Question 11

Transformational leadership style?

Answer 11

Empowering the team through ideal attributes and behaviors, inspirational motivation, encouraging innovation and creativity, and individual consideration.

Question 12

Charismatic leadership style?

Answer 12

The main characteristics of a leader with a charismatic style include: high energy, enthusiasm, strong belief, and self-confidence.

Question 13

Interactional leadership style?

Answer 13

A combination of transactional, transformational, and charismatic.

Question 14

Cause-and-effect diagram?

Answer 14

A data representation technique in the form of a diagram that shows the causes of a certain event, also called a fishbone diagram or an Ishikawa diagram.

Question 15

Statistical sampling technique description?

Answer 15

Used in quality management which involves choosing part of a population of interest for inspection, which is then measured to verify quality.

Question 16

Benchmarking technique description?

Answer 16

Comparing the project to past projects (within or outside the organization).

Question 17

Check sheets technique description?

Question 18

Tuckman’s stages of group development?

Answer 18

forming–storming–norming–performing-adjourning

Question 19

Fixed Price (lump sum) contract?

Answer 19

Risk on Seller. Price is fixed; cost overruns may not be passed to buyer.

Question 20

Costs plus fixed fee contract?

Answer 20

Risk on Buyer. The seller will reimburse the buyer for all allowable costs plus a pre-determined fee, which represents the seller’s profits.

Question 21

Cost plus incentive fee contract?

Answer 21

Risks are on Buyer and Seller. The buyer will reimburse the seller for all allowable costs plus an incentive fee determined based on some predefined performance criteria (usually cost-related)

Question 22

T&M contract?

Answer 22

Risks are on Buyer. The unit cost of labor or material is fixed, but the number of units is flexible.

Question 23

Withdraw / Avoid conflict resolution technique?

Answer 23

Lose-Lose. Avoid the conflict or retreat and allow the conflict to resolve itself. This is for when stakes are low, and the conflict is likely to disappear on its own.

Question 24

Force/Direct conflict resolution technique?

Answer 24

Agree with one party’s viewpoint and enforce their wishes. This is a win-lose situation and risks demoralizing the team.

Question 25

Smooth/Accommodate conflict resolution technique?

Answer 25

Lose-Win. Find areas of agreement, try to smooth out the situation, and circumvent tough discussions. You downplay the seriousness and behave as if the conflict never existed.

Question 26

Compromise/Reconcile conflict resolution technique?

Answer 26

Lose-Lose. Take suggestions from both sides and partially satisfy them. This technique is useful when the stakeholders involved hold equal power.

Question 27

Collaborate/Problem Solve conflict resolution technique?

Answer 27

Win-Win. Discuss the issue with all parties and agree on a solution while considering multiple viewpoints.

Question 28

Retrospective definition

Answer 28

Time-boxed (<2 hrs) meeting is held after every iteration/sprint. The team and product owners are mandatory, stakeholders and customers often are invited. The team looks back at their achievements and reflects on how to improve future projects.

Question 29

Scrum ceremonies?

Answer 29

Backlog grooming (product backlog refinement)
Sprint planning
Daily scrum
Sprint review
Sprint retrospective

Question 30

Iteration (or sprint) review definition

Answer 30

The project team demonstrates the product increment that has been built during the iteration in order to get feedback from stakeholders and gain the approval of the product owner. The iteration review is not a meeting that is focused on process improvement.

Question 31

Backlog Grooming definition

Question 32

Scrum/agile Artifacts?

Answer 32

In addition to the three scrum artifacts (product backlog, sprint backlog and the increment), agile project teams often use three additional artifacts (product vision statement, product roadmap and release plan) to enhance their effectiveness.

Question 33

Scrum Roles

Answer 33

the Scrum Master, the Product Owner, and the Team

Question 34

Risk (threat) response strategies?

Answer 34

Avoid, Transfer, Mitigate, Accept

Question 35

Risk (opportunities) response strategies?

Answer 35

Exploit, Share, Enhance, Ignore