Simulator Mock Exam 1 Flashcards
If a project manager hires temporary resources, what risk response strategy is being demonstrated?
Avoid
The risk was posed by insufficient resources. The risk was a void by hiring additional resources.
What is benchmarking?
It’s identifying performance issues compared to industry standards 
What document outlines expectations between team members?
The team charter will outline expected behaviors and project expectations
What tools are used to collect requirements for new products?
Prototypes and expert judgment
What should be done before updating a stakeholder engagement plan if a stakeholder is upset?
It’s always best to first meet with them to understand what issues there are and the best way to go around fixing them 
What’s the difference between stakeholder analysis and stakeholder matrix?
Stakeholder matrix is a list of potential roles and their level of interest, including their expectation of the project
Stakeholder analysis reviews the matrix for their potential needs 
What’s the difference between fast tracking and crashing methods
Fast tracking decreases the schedule without impacting the budget
Crashing decreasing the schedule but it impacts the budget
How might you learn about stakeholder expectations and attitudes about a product?
By conducting a focus group in question
What plan is created that will go to the team to find the main project objectives?
Scope management plan
It is a component of the project management plan and describes how the scope will be defined develop monitored, controlled and validated
When do you create an implement quality metrics?
This is done during planning the phase and an output of plan quality management 
when should you ensure the project meets its quality requirements?
Review in the work on a regular basis, would ensure the work is getting done according to plan 
When does a customer meet a team during agile project?
The sprint review meeting 
What is the sprint retrospective meeting?
This is a meeting with team members to reflect back about the previous sprint
What is a statement of work? SOW
It’s a business agreement that outlines deliverables and project goals
Helps clients and vendors reach goals together.
Developed from the product scope baseline 

What is the statement of work important in project management?
it ensures there is no misunderstanding between vendors and their clients when they come on board a project