Quiz 3 Uncertainty PD

Question 1

Addresses activities and functions associated with risk and uncertainty

Answer 1

Uncertainty Performance Domain

Question 2

A lack of understanding and awareness of issues, events, paths to follow, or solutions to pursue.

Answer 2

Uncertainty

Question 3

A state of being unclear, having difficulty in identifying the cause of events, or having multiple options from which to choose

Answer 3

Ambiguity

Question 4

A characteristic of a program or project or its environment that is difficult to manage due to human behavior, system behavior, and ambiguity

Answer 4

Complexity

Question 5

The possibility for rapid and unpredictable change

Answer 5

Volatility

Question 6

An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives

Answer 6

Risk

Question 7

7 Aspects of the overall environment that contribute to uncertainty
PESTEL but also add A so we get PESTELA

Answer 7

1) Political Influences
2) Economic Factors
3) Social and Market Influences
4) Technical Considerations
5) Environment
6) Legal or Legislative Constraints
7) Ambiguity

Question 8

4 key response strategies to manage uncertainty (GPSB)

Answer 8

1) Gather Information
2) Prepare for Multiple Outcomes
3) Set Based Design
4) Build in Resilience

Question 9

3 Solutions for Exploring Situational Ambiguity (PEP)

Answer 9

1) Progressive Elaboration
2) Experiments
3) Prototypes

Question 10

3 Reasons for complexity (HMU)

Answer 10

1) Human behavior, system interactions, and ambiguity
2) Multiple interconnected influences
3) Unforeseen or unintended outcomes

Question 11

3 Effects of Complexity (IEN)

Answer 11

1) Inability to accurately predict outcomes
2) Emergent behaviors
3) Need for adaptive approaches

Question 12

3 Ways to work with complexity (SRP)

Answer 12

1) Systems Based Approaches
2) Reframing Approaches
3) Process Based Approaches

Question 13

2 Systems Based Approaches

Answer 13

1) Decoupling
2) Simulation

Question 14

2 Reframing Approaches

Answer 14

1) Diversity
2) Balance

Question 15

3 Process Based Approaches (IEF)

Answer 15

1) Iterate
2) Engage
3) Fail Safe

Question 16

5 Strategies for Managing Threats (AETMA)

Answer 16

1) Avoid
2) Escalate
3) Transfer
4) Mitigate
5) Accept

Question 17

5 Ways to deal with Opportunities (EESEA)

Answer 17

1) Exploit
2) Escalate
3) Share
4) Enhance
5) Accept

Question 18

4 Types of Risk Review Methods (DDWR)

Answer 18

1) Daily standup meetings
- Identify potential threats and opportunities early
2) Demonstrations and design reviews
- Show increments of work
3) Weekly status meetings
- Keep risk management relevant and up to date
4) Retrospectives and lessons learned meetings
- Identify threats to performance, cohesion, and efficiency

Question 19

Uncertainty PD Outcomes (APACPOC)

Answer 19

• An awareness of the environment in which projects occur, including, but not limited to, the technical, social, political, market, and economic environments.
• Proactively exploring and responding to uncertainty.
• An awareness of the interdependence of multiple variables on the project.
• The capacity to anticipate threats and opportunities and understand the consequences of issues.
• Project delivery with little or no negative impact from unforeseen events or conditions.
• Opportunities are realized to improve project performance and outcomes.
• Cost and schedule reserves are utilized effectively to maintain alignment with project objectives.