PMP TEST 4.2 Flashcards
19You were given a budget of $3000, and you spent $2000. However, you only completed $1200 worth of work. What do you currently expect the TOTAL project to cost, considering your situation?
SELECT THE CORRECT ANSWER
Not possible to estimate
5000
6000
6200
Correct Option:B
EXPLANATION
Estimate at completion (EAC) =BAC/CPI. Here, we have BAC=$3,000, AC=$2,000, and EV=$1,200. CPI=EV/AC=1200/2000=.6. So, EAC=3000/.6 =5,000.
26Team norms have to be established during the beginning of the project so that the team is equipped to handle challenges as the project progresses. Which of the following is NOT included in the team norms?
SELECT THE CORRECT ANSWER
Meetings
Communication Approaches
Monitoring the performance
Shared Values
Correct Option:C
EXPLANATION
Meetings, Communication Approaches, Managing conflicts, Shared Values, and Decision making are all included in team norms.
29You are managing a project to develop an online PMP exam simulator to help students practice exam questions in a real-life environment. The team has completed design work, received approval from the technical review team, and initiated coding work. Your management asks you what you currently expect the TOTAL project to cost, and you assure them that the rest of the job will be done as per budget. Which of the following formulas will you use to get the most accurate estimate at completion (EAC)?
SELECT THE CORRECT ANSWER
EAC = AC+(BAC-EV)
EAC = AC+BOTTOM-UP ETC
EAC = (BAC/EV)/CPI*SPI
EAC = BAC/CPI
Correct Option:A
EXPLANATION
You are assuming that the rest of the job will be done as per budget; all you need to do is take the remaining work (BAC-EV) and add funds spent, AC.
30The project manager, project team members, and procurement managers are actively involved in negotiating contracts. Which of the following may the Project team NOT suggest?
SELECT THE CORRECT ANSWER
Deliverables and Milestones
Data consideration
Risk and issues
Resource requirements
Correct Option:B
EXPLANATION
Deliverables & Milestones, Risk and issues, and resource requirements can all be suggested by the project team.
37Multiphase projects are planned by developing phases that are performed sequentially to ensure proper control of the project and attain the desired product, service, or result. In some cases, it is necessary to accelerate the project life cycle by overlapping project phases. Which of the following is NOT true about this kind of overlapping relationship?
SELECT THE CORRECT ANSWER
This technique can be applied as a schedule compression technique called fast-tracking.
This kind of relationship may increase project risk and the potential for conflicts. A subsequent phase can progress before accurate information is available from the previous phase.
In this kind of relationship, a phase is planned at a given time; planning for a subsequent phase is carried out as work progresses on the current phase or deliverables.
This kind of relationship can reduce the ability to develop long-term planning, but it is suitable in an undefined, uncertain, and rapidly changing environment.
Correct Option:C
EXPLANATION
In iterative relationships, a phase is planned at a given time. Planning for a subsequent phase is carried out as work progresses on the current phase or deliverables. In overlapping relationships, the successor phase can start prior to the completion of the predecessor phase. This approach can be applied as a schedule compression technique called fast-tracking. An overlapping relationship may increase project risk and the potential for conflicts as a subsequent phase progresses before accurate information is available form the previous phase. This kind of relationship can reduce the ability to develop long-term planning, but it is very suitable in an undefined, uncertain, and rapidly changing environment.
39As a project manager, you and your team are mainly focused on finding a less costly way to do the same work and on achieving more out of the project in every possible way to increase the bottom line, decrease costs, improve quality, and optimize the schedule without reducing or impacting the scope. Which of the following techniques are you most likely using?
SELECT THE CORRECT ANSWER
Benchmarking
Value analysis
Life cycle costing
Reserve analysis
Correct Option:B
EXPLANATION
Value analysis is also referred to as value engineering or value methodology. It is the technique of finding a less costly way to do the same work and of achieving more out of the project in every possible way to increase the bottom line, decrease costs, improve quality, and optimize the schedule without reducing or impacting the scope.
42Which of the following assessments explores alternatives to overcome or avoid the risk?
SELECT THE CORRECT ANSWER
Backlog Assessment
Skill Gap Assessment
Risk Assessment
Team Assessment
Correct Option:A
EXPLANATION
Backlog Assessment or refinement explores alternatives to overcome or avoid the risk
43A project manager working on implementing WIMAX connectivity in a rural area has to deploy several network devices and set up POPs to house those devices. She performed a cost-benefit analysis and was concerned about the high cost of nonconformance as a result of not following the proper quality procedures in the project. What should the project manager do?
SELECT THE CORRECT ANSWER
Look for benchmarks
Allocate additional budget to deal with the situation
Utilize the existing reserve money to deal with her situation
Perform a quality audit
Correct Option:D
EXPLANATION
A quality audit is a scheduled or random structured review performed by internal or third-party auditors to determine whether quality management activities comply with organizational and project processes, policies, and procedures. It ascertains inefficient and ineffective activities and processes used in the project as well as lessons learned, such as gaps and best practices, that can improve the performance of the current project or future ones. A quality audit to correct any deficiencies in the quality processes should result in a reduced cost of quality and an increase in stakeholders’ acceptance of the product.
44A project manager has observed that the project team members’ performance is deteriorating and motivation has also reduced. What is the best course of action the project manager can initiate?
SELECT THE CORRECT ANSWER
Reward & Recognition
Reward & Regulation
Penalty for degraded performance
Allow team to improve themselves
Correct Option:A
EXPLANATION
Reward and Recognition is an effective way of motivating teams to perform and contribute to the success of the project.
45Which of the following tools is not used to measure team performance?
SELECT THE CORRECT ANSWER
Sprint
Kanban Board
Earned Value
Velocity
Correct Option:A
EXPLANATION
Kanban Boards, Throughput metrics, Cycle Time, Quality Metrics, Earned Value, Bar Charts, and Velocity are the various tools used to measure a team’s performance.
50Which of the following is essential for delivering the high-level organization strategy?
SELECT THE CORRECT ANSWER
Quality Management
Change Management
Knowledge Management
Transition Management
Correct Option:B
EXPLANATION
Change Management is essential for delivering the high-level organization strategy.
55Henry, a project manager, utilizes different conflict resolution techniques to resolve conflicts in his project. He created an open environment so that his team members feel free to discuss their concerns and issues. He is also focused on resolving issues rather than fixing the personalities of his team members, and he pays more attention to the present than the past. Which of the following conflict resolution techniques will lead to the least sustaining positive result?
SELECT THE CORRECT ANSWER
Withdrawing or avoiding
Forcing
Confronting or problem-solving
Compromising
Correct Option:A
EXPLANATION
Withdrawing or avoiding is the technique of retreating from conflict and avoiding or postponing resolution. This technique leads to the least sustaining positive results.
56Facilitating meetings and sessions is an effective technique for:
SELECT THE CORRECT ANSWER
Meetings
One-on-one mentoring
Collaboration
Team management
Correct Option:B
EXPLANATION
Facilitating meetings and sessions is an effective technique for one-on-one mentoring, because this provides the mentor an opportunity to engage with the stakeholders effectively and guide them to right directions. Secondly, the stakeholder will have safe environment to express themselves in the absence of others.
57Which of the following is NOT an element of self-regulation?
SELECT THE CORRECT ANSWER
Self Control
Trustworthiness
Adaptability
Agility
Correct Option:D
EXPLANATION
Self Control, Trustworthiness, Conscientiousness, and Adaptability are self-regulation elements.
58You are responsible for making arrangements for your company’s annual picnic. You have taken all the necessary actions and have reserved an outdoor park on a particular day. You have bought umbrellas and rented tents just in case you need them. Which of the following risk strategies are you using in this case?
SELECT THE CORRECT ANSWER
Passive acceptance
Contingency planning
Avoidance
Transference
Correct Option:B
EXPLANATION
The contingency plan includes specific action that will be taken if opportunities or threats occur.
60In the communication process, a basic model of communication that exhibits how information is sent from the sender and how it is received by the receiver has all the following components EXCEPT:
SELECT THE CORRECT ANSWER
Sender
Message and feedback message
Urgency
Noise
Correct Option:C
EXPLANATION
Urgency is not included in the basic communication model but should be considered when determining the method of communication to be used.
61While overseeing a software engineering project, you find that one of the subcontractors failed to deliver on the last three projects. Upon further investigation, you learn that there are several complaints filed against this subcontractor and that they have a very bad reputation in the market. Realizing that is it too big a risk, you terminate the contract with the subcontractor and instead hire a couple of individuals to work on the components. Which risk response strategy did you use in this situation?
SELECT THE CORRECT ANSWER
Accept
Transfer
Mitigate
Avoid
Correct Option:D
EXPLANATION
Avoid is the elimination of the threat by eliminating the cause or changing the project management plan. Here, you utilized the avoid strategy by terminating the contract with the subcontractor to eliminate the threat to your project.
71Your team members have created a requirement document, a scope statement document, and a work breakdown structure. They have identified twenty work packages and completed the WBS dictionary. Some of these team members were also involved in creating the business case and conducting the feasibility study at the early stage of the project. Which of the following items will the team members work on now?
SELECT THE CORRECT ANSWER
Help the project manager to develop the schedule
Create the detailed activity list
Create the network diagram
Identify the sequence of the activities
Correct Option:B
EXPLANATION
Once the WBS is created with all the work packages, the team members should work on decomposing the work packages to create the detailed activity list. Network diagram and activity sequencing can be performed only after the activity list is created.
79According to Herzberg’s Motivator-hygiene theory, which of the following is not a hygiene factor?
SELECT THE CORRECT ANSWER
Variety of work
Compensation
Personal life
Working conditions
Correct Option:A
EXPLANATION
Variety of work is a motivational agent, not a hygiene factor.
84You are managing a software application project to develop an online PMP simulator budgeted for $90,000 to assist students to practice exam questions in a real-life environment. The team has completed design work, received approval from the technical review team, and initiated coding work. When asked by management what you currently expect the project to cost, you think that the costs you have incurred till now are typical for the rest of the project. While reviewing the current status of the project, you found that AC = $30,000 and EV = $35,000. What is your estimate at completion (EAC)?
SELECT THE CORRECT ANSWER
85000
77856
90000
60000
EXPLANATION
If CPI or past results are typical or expected to continue, the correct EAC formula is EAC = BAC/CPI. In this case, BAC = $90,000 CPI = EV/AC = $35,000/$30,000 = 1.16 EAC = $90,000/1.16 = $77,586
85While in the control procurements process, you are meeting with your seller to inspect the seller’s progress in delivering the project scope and quality within cost and on schedule as specified in the contract. Your objective is to identify the performance progress or failures, noncompliance, and areas where performance is a problem. Which of the following are you performing?
SELECT THE CORRECT ANSWER
Performance reporting
Procurement performance reviews
Inspections and audits
Claims administration
Correct Option:B
EXPLANATION
Procurement performance review is a structured review that consists of seller-prepared documentation, buyer inspection, and a quality audit of the seller’s progress to deliver project scope and quality within cost and on schedule as compared to the contract. The objective is to identify performance progress or failures, noncompliance, and areas where performance is a problem. Inspections and audits are activities mainly focused on the product itself and its conformance to specifications. Performance reporting is an excellent tool that provides management with information about how effectively the seller is meeting contractual objectives. This report can produce earned values, schedule and cost performance index, trend analysis, etc.
86You are working for a cruise company as a project manager. Your company offers luxury tours to couples at a reasonable price. Currently, the company is considering adding more tours to a few other popular destinations during the holiday season in order to enhance traffic and profitability. Which risk response strategy are you using?
SELECT THE CORRECT ANSWER
Share
Exploit
Accept
Enhance
Correct Option:D
EXPLANATION
The cruise company is using the enhance strategy to increase traffic and profitability. By influencing the underlying risk triggers, this strategy increases the size, probability, likelihood, and positive impact of an opportunity.
88You are having an issue with one of the manufacturing processes used to create the required parts for routers and switches that your company produces. Due to this major quality problem, only 15 percent of the parts manufactured have been within the control limits set by the manage quality team. Higher management asks you to review the process activities to determine where the process went wrong. Which type of diagram should you use?
SELECT THE CORRECT ANSWER
Control chart
Pareto chart
Scatter diagram
Flow chart
Correct Option:D
EXPLANATION
A flow chart is a graphical representation of a process to help analyze how problems occur and to identify potential process improvement opportunities. There are many styles, but all flowcharts show activities, decision points, the order of processing, points of complexity, and interrelationships between elements in the process.
89A project manager is in the Plan Communications Management process of identifying the information and communication needs of the people involved in a project by determining what needs to be communicated, when, to whom, with what method, in which format, and how frequently. Which of the following is NOT a tool and technique in this process?
SELECT THE CORRECT ANSWER
Performance reporting
Communication requirement analysis
Communication methods
Communication technology
Correct Option:A
EXPLANATION
Performance reporting is a tool and technique in the Manage Communications process, not in the Plan Communications Management process. Communication requirement analysis, communication methods, and communication technology are tools and techniques in the Plan Communications Management process.
94You recently completed the SOW detailing the specifications and other requirements for an expensive item you would like to purchase for one of your projects. While working on the SOW, you identified some of the source selection criteria, terms and conditions, and the contract type that you want to use. Also, you put together some documents to solicit proposals from potential vendors. What tools and techniques will you use in the next process?
SELECT THE CORRECT ANSWER
Market research, make-or-buy analysis, and expert judgement
Bidder conference, proposal evaluation techniques, and advertising
Procurement audits, procurement negotiations, and records management system
Contract change control system, procurement performance reviews, and claims administration
Correct Option:B
EXPLANATION
You just finished the Plan Procurement Management process and should be moving to the next process of Conduct Procurements. In Conduct Procurements process, you should be obtaining and evaluating seller responses, selecting a seller, and awarding a contract. The tools and techniques you will be using in Conduct Procurement process are bidder conference, proposal evaluation techniques, and advertising.
98You are a Project Manager of a software project that has finished the design stage and is moving to the implementation stage. At the end of the design phase, you got the document reviewed and you tracked and closed the defect logs. Also, as part of the design stage review and kick-off for the implementation phase, you checked current SPI and CPI and revisited the risks. What did you forget to do?
SELECT THE CORRECT ANSWER
Identify new risks for the next stage and update risk register
Take corrective and preventive actions from design review so that defects can be minimized
Conduct an impact analysis of the defects found during the design review
Communicate project-stage review findings to all the stakeholders
Correct Option:D
EXPLANATION
The Project Manager needs to communicate project progress to stakeholders at all the major milestones. Option (a) would have been addressed during revisiting the risk as part of kick off meeting, whereas Options (b) and (c) are not mandatory activities and may not be required in every project.
101You are overseeing a construction project to build identical custom houses. Your initial estimate suggests that each of the houses will take approximately two months to complete at a cost of $50,000. The sponsor strongly disagrees with your estimate. What is a reason for this?
SELECT THE CORRECT ANSWER
You have not considered the law of diminishing returns.
You have not considered the learning curve.
You cannot estimate the time and cost until you complete one house.
The estimates are way too high.
Correct Option:B
EXPLANATION
According to the learning curve theory, when a large number of items are produced repetitively, productivity will increase but at a diminishing rate. Learning curve data indicates that as work is repeated, the time required to complete the work is reduced but the rate of improvement decreases. For instance, installing carpets in the fiftieth room in a construction project will take less time than it did in the first room due to increased efficiency as workers become more efficient with the installation procedure.
102Depending on the specific business and business environment, there are various different compliance categories. Which of the following is not a compliance category?
SELECT THE CORRECT ANSWER
Quality
Environmental Risk
Communication plan
Corrupt Practice
Correct Option:C
EXPLANATION
Quality, Environmental Risks, Corrupt Practices, Social responsibility, Workplace health and safety, and Process risks are categories of compliance.
109Retrospective is an event defined in the Agile framework that provides an opportunity to reflect upon performance and identify problems, resolutions, improvements, etc. The best model to run retrospective includes the following steps: Set the stage, Gather the data, Generate insights, and _____________.
SELECT THE CORRECT ANSWER
Make Decisions and Close
Close and Communicate
Make Decisions, Communicate and Close
Close, Communicate and Confirm
Correct Option:A
EXPLANATION
The best model to run retrospective includes the steps: Set the stage, Gather the data, Generate insights, Make decisions and Close.
110You have a signed contract with one of your major vendors. The vendor recently informed you that they can no longer deliver equipment on the agreed due date. This will cause a major disaster in your project since you will have to wait at least three months for the vendor to deliver the equipment. You know that there is another vendor who can deliver the equipment for a small increase in costs. What will be your best course of action?
SELECT THE CORRECT ANSWER
Sue the vendor
Terminate the contract stating that it is for convenience
Terminate the contract with the vendor for defaulting
Give the vendor a time extension
Correct Option:C
EXPLANATION
A contract can be terminated for a convenience by the buyer. In this case, seller’s failure to deliver the equipment on time will drastically impact the project. So, the contract can be terminated with the vendor for defaulting.
128You are approaching the end of your project and are asked to release the resources so that they can be assigned to other projects. Before releasing the resources, you want to make sure that you have completed certain necessary actions. Which of the following is the correct order of actions that you should take during the Closing process?
SELECT THE CORRECT ANSWER
Get final acceptances, hand over the deliverables, write lessons learned, and ensure customer satisfaction
Get formal acceptances, release the team, write lessons learned, and close the contract
Write lessons learned, release the team, get formal acceptances, and close the contract
Release the team, get formal acceptances, close the contract, and write lessons learned
Correct Option:A
EXPLANATION
Releasing the team members is not a part of closing process.
129Your team members have sent you their weekly updates on the deliverables they are working on. While reviewing updates from the team members, you find out that the CPI = 1.1 and SPI = 1. What should you do next with the results of your analysis?
SELECT THE CORRECT ANSWER
Distribute the results to project stakeholders as per your communications management plan
Since the project is on track, you do not have to do anything at this time
Find out where you can spend the money that was saved
Instruct the team members to improve their time
Correct Option:A
EXPLANATION
When the project manager ascertains the current project status, it should be communicated to the project stakeholders as per the communications management plan.
132You have been assigned to create a diagram that will demonstrate the logical relationships that exist between activities. You are also asked to display how long the project activities will take. Which of the following methods will you utilize to achieve this goal?
SELECT THE CORRECT ANSWER
Pareto chart
CPM
Check sheet
PDM
Correct Option:B
EXPLANATION
CPM is a technique of schedule analysis that evaluates the activity duration, logical relationships, dependency, leads, lags, assumptions, and constraints to determine the float of each activity and the overall schedule. This method identifies the critical path with the least flexibility and the highest risk so that it can be managed appropriately. The critical path duration is the longest path in the network diagram and the shortest amount of time the project will take to complete.
133You recently took over a project from a senior project manager who just left the company. You realize that several team members lack critical skills to carry out the project activities. The previous manager also mentioned that many of the team members will need specialized training. Which of the following actions should you take next to identify the appropriate training for the team members?
SELECT THE CORRECT ANSWER
Refer to the PMBOK Guide
Review the WBS and WBS dictionary
Analyze the responsibility assignment matrix
Refer to the resource management plan
Correct Option:D
EXPLANATION
To identify the appropriate training for the team members, you should refer to the resource management plan as it identifies the training needs and certification requirements of the team members.
135A cost plus incentive fee (CPIF) contract has an estimated cost of $250,000 with a predetermined fee of $15,000. If the seller can save the buyer any money, the sharing ratio will be 75/25 (buyer/seller). The maximum fee is $24,000, and the minimum fee is $8,000. The actual cost of the project is $225,000. What will be the final fee for the seller and the total savings for the buyer?
SELECT THE CORRECT ANSWER
$21,250, $18,750
$15,000, $25,000
$25,000, $20,000
None of the above
Correct Option:A
EXPLANATION
Here target cost = $250,000, and actual cost = $225,000. Thus, savings = $250,000 - $225,000 = $25,000. Seller portion of savings is 25 % of $25,000 = $6,250. Buyer portion of savings is 75 % of $25,000 = $18,750. Final fee for seller is $15,000 - $6,250 = $21,250. Thus, total cost for the buyer is $225,000 + $21,250 = $246,250.
143Your team has estimated that there is a 40 percent probability of a delay in the receipt of required parts with an additional cost of $15,000 to the project. This delay will cost the company $20,000 in lost business. Upon further investigation, you identified that if an existing component could be adapted, it would save the project $10,500 in engineering costs. There is a 30 Percent probability that the team can take advantage of that opportunity. What is the total expected monetary value (EMV) of these two events?
SELECT THE CORRECT ANSWER
10850
-10850
14000
3150
Correct Option:B
EXPLANATION
EMV is a form of decision tree analysis used to select the best of several alternative courses of action. Each decision note has an input based on the cost and its probability, which produces an output. In this case, one of the branches of the decision tree would be a 40% chance of an $15,000 in additional costs and a resultant loss of $20,000 in revenue, so the total impact would be .4 * (-$15,000 + -$20,000) = -$14,000 . The other branch for the new component has $10,500 in cost savings, so the net effect is $10,500 * .3 = $3,150. We add the -$14,000 and the $3,1,50 to get the Expected Monetary Value of both decision tree paths, which equals -$10,850
144You are overseeing a project to implement a payroll application and are currently in the Identify Risks process of identifying and documenting the projects risks. Which of the following information gathering techniques is NOT used in the Identify Risks process?
SELECT THE CORRECT ANSWER
Checklist analysis
The Delphi technique
Interviewing
Brainstorming
Correct Option:B
EXPLANATION
Delphi technique is not used in identify risk process. Delphi technique is a secret balloting typically used while gathering information. This can be used before unanimity under the voting technique while collecting requirements.
147You are trying to identify and categorize as many potential risks as possible in the mission critical project that you are overseeing. Which of the following will NOT help you with your effort?
SELECT THE CORRECT ANSWER
Root cause analysis
Brainstorming
SWOT analysis
Risk register
Correct Option:D
EXPLANATION
SWOT analysis and information gathering techniques such as brainstorming and root cause analysis technique are used in the Identify Risks process in order to identify and categorize potential risks in the project. Risk register is an output of the Identify risks process.
149Which of the following statements is FALSE about qualified sellers list in a project?
SELECT THE CORRECT ANSWER
It is a list of preapproved or prequalified prospective sellers interested in and capable of doing contract services for the organization.
It is a part of the project management plan.
It is a list of prescreened sellers.
It is a tool in the Conduct Procurement process.
Correct Option:D
EXPLANATION
A qualified sellers list is a list of preapproved or prequalified prospective sellers interested in and capable of doing contract services for the organization. Prequalified sellers for a project are entered into the procurement management plan, which is a part of the project management plan, as an output of the plan Procurement process. The qualified seller list is used as an input in the Conduct Procurement process, not as a tool and technique.
152Your organization has the resources only to work on one of two potential projects and decides to use the net present value (NPV) to assess and select the best project for the organization. Project Alpha has an NPV of $45,000 and Project Beta has an NPV of $60,000. Project Alpha will take 3 years to complete and Project Beta will take 4 years. What will be the opportunity cost of the project chosen?
SELECT THE CORRECT ANSWER
60000
45000
25000
105000
Correct Option:B
EXPLANATION
The opportunity cost reflects the cost of the foregone solution. By selecting Project Beta, which has a higher NPV, you are foregoing the opportunity to complete Project Alpha with an NPV of $45,000.
157You are a project manager struggling with your communication skills. You like to keep to yourself unless prompted for your input. On the other hand, Steve is highly regarded by everyone and very well liked. You consider Steve to be your role model as he is capable of getting others to see his way on many issues. What type of power does Steve possess?
SELECT THE CORRECT ANSWER
Expert power
Reward power
Referent power
Legitimate power
Correct Option:C
EXPLANATION
Reference power is based on referring to someone in a higher position to leverage some of the superior’s power. This power is also based on the charismatic personality of the project manager and the respect that he engenders.
165When conflict occurs in a project, it has to be resolved following a specific approach based on the conflict type. Which of the following is NOT a conflict resolution technique?
SELECT THE CORRECT ANSWER
Collaborate
Accept
Compromise
Smooth
Correct Option:B
EXPLANATION
Collaborate, Compromise, Smooth, Force, and Withdraw are the conflict resolution techniques.
166Active involvement of the project stakeholders is essential to ensure that information and knowledge is shared regularly so that better visibility of the project status can be obtained. The team also builds trust while engaging regularly. Which of the following is most effective at building trust among stakeholders?
SELECT THE CORRECT ANSWER
Communication
Contribution
Collaboration
Connection
Correct Option:C
EXPLANATION
Effective collaboration builds trust among stakeholders.
169You are overseeing a software project to develop a new video console game. Which of the following statements is TRUE about your project?
SELECT THE CORRECT ANSWER
A phase will not start until the deliverables for the previous phase have been reviewed and approved.
Your internal and external stakeholders will have the same level of influence throughout your project.
Any scope change during the initial phase of the project will be very time consuming and expensive.
You will be acquiring several team members during the executing phase.
Correct Option:D
EXPLANATION
Your project can move into a subsequent phase even if the deliverables of the prior phase are not completely approved. Any scope change in the initial stage will be the least expensive and consume the least amount of time. Stakeholder influence is highest at the start and diminishes as the project proceeds. You will mostly acquire your team members during the executing phase.
170While overseeing a new smartphone application development project, you notice that your team is measuring the quality of an item on a pass/fail basis. Which of the following methods is the team using?
SELECT THE CORRECT ANSWER
Mutual exclusivity
Statistical independence
Normal distribution
Attribute sampling
Correct Option:D
EXPLANATION
Attribute sampling is a method of measuring quality that involves observing the presence (or absence) of some characteristics (attributes) in each of the units under consideration to determine whether to accept the lot, reject it, or inspect another lot.
177Workarounds, or unplanned responses to emerging risks that were previously unidentified or accepted, are determined during _______.
SELECT THE CORRECT ANSWER
Plan Risk Management process
Monitor Risks process
Plan Risk Responses process
Perform Quantitative Risk Analysis process
Correct Option:B
EXPLANATION
The project must be in the Monitor Risks process if risks have occurred. Workarounds are unplanned responses developed to deal with the occurrence of unanticipated risk events that were not included in the risk register.
179While identifying risks in your project, your team cannot find an efficient way to reduce the impact and probability or to insure against one of the risks. The relevant work is integral to the project; thus, you cannot simply remove the work package. There is no suitable company to outsource the work to either. What is the best course of action in this situation?
SELECT THE CORRECT ANSWER
Identify ways to transfer the risk
Accept the risk and have contingency reserves
Identify ways to avoid the risk
Keep looking for ways to mitigate the probability and impact of the risk
Correct Option:A
EXPLANATION
Transferring risk may increase costs but will assist in moving the risk from the primary to another group or entity, lowering the overall risk exposure.
