SlideShare a Scribd company logo
1 of 6
Download to read offline
Question 11 pts
When composing a risk management plan, one of the activities is to define:
Group of answer choices
Methods
Work breakdown structure
Project charter
Project Resource allocation
Question 21 pts
When compiling a risk register it is typical to include one of the following fields:
Group of answer choices
Project charter
Business case
Probability
Project brief
Question 31 pts
When compiling a risk register it is typical to include one of the following fields:
Group of answer choices
Contingent Action
Mitigation
Acceptance
Transference
Question 41 pts
The modern view of value generally includes:
Group of answer choices
Prevention
Appraisal
Reputation
External failure
Question 51 pts
Once the key stakeholders have been identified, the project manager must decide which
information they are likely to need, which includes one of the following categories:
Group of answer choices
Quantities of materials
Status changes
Information needs
Medium of communication
Question 61 pts
Numerous professionals agree that poor project planning is a critical mistake that frequently
leads to project failure - which include one of the following threats to the project:
The project tasks do not have a timeline.
A set of poor quality management techniques.
A group of similar projects that creates confusion.
Lack of support from stakeholders.
Question 71 pts
You are a project manager for XYZ limited and have been tasked to produce a cost estimation
schedule which typically includes one of the following milestones:
Group of answer choices
The review of ground rules meeting.
The collection of lessons learned for use on future projects.
The evaluation of team member performance.
The appointment of a facilitator to conduct a brainstorming exercise.
Question 81 pts
Scope management of a project can generally be described as:
Group of answer choices
The day-to-day budgeting of the project to curb wasteful expenditure and save money.
The day-to day financial management of the project to ensure financial stability.
The day-to-day quality management of the project to ensure correct workmanship.
The day-to-day management of the project to ensure that the project does not deviate.
Question 91 pts
As a project manager, issues and demands are brought to the project team's attention. When this
happens, as project manager, you will need to do one of the following:
Group of answer choices
Make project additions as and when needed.
Project iterations should be implemented.
Make an informed official decision.
Scope current adjustments and implement.
Question 101 pts
As a project manager, you will have to manage possible changes to the project scope. This
generally includes one of the following steps:
Group of answer choices
Adapt the change control process flow diagram.
A summary of all previous changes to the project.
Compile an issues log in date order.
Update the relevant project documents.
Question 111 pts
While there is no specific structure for a team charter, some common elements feature in a team
charter. These include the following:
Group of answer choices
Internal checks, balances, reviews, and background.
A sheet which reflects the salaries per month of team members.
The team register with the names of team members.
A how-to- team guide which provides a map of the construction site.
Question 121 pts
As a project manager you will from time-to-time be confronted with the performance of your
team. Typically project managers aim for a high-performance team which generally requires the
following primary components:
Group of answer choices
Accountability, a high salary with benefits.
High salary, and skilled team members.
Collaborative problem-solving with a high salary.
Leadership and collaborative problem-solving
Question 131 pts
There are several barriers to effective communication which include environmental factors and
thesaurus noise. Some typical examples of barriers to effective communication include:
Group of answer choices
Perceptual barriers and intercultural barriers.
Intercultural and Leadership barriers
Psychological and managerial barriers.
Physical and semantic barriers.
Question 141 pts
Mario and Denzil are both project members but have studied at different institutions and come
from different backgrounds. They often disagree on issues of commitment, dress and body
language. As a project manager you will often be expected to resolve conflict which arises from
these types of differences among team members. These types of conflicts can generally be
categorized into the following areas:
Group of answer choices
Project and personality conflicts.
Team and culture conflicts.
Team and personality conflicts.
Culture and personality conflicts.
Question 151 pts
As a project manager you will have to be cognizant of potential risks to the completion of a
project. To this end, there are several techniques which the project can use. These generally
include the following:
Group of answer choices
A list of stakeholders and historical reviews.
A SWOT analysis and all shareholder agreements.
Expert judgement and a SWOT analysis.
A detailed Investor portfolio and a brainstorming list.
Question 161 pts
To effectively manage stakeholders, the Project Management Institute provides several pieces of
advice which include one of the following:
Group of answer choices
Project managers must know their stakeholder interest in the project.
Project managers must be good listeners and action orientated.
Project managers should encode all communications.
Project managers must have a stakeholder engagement strategy.
Question 171 pts
Shell gas has commissioned a project on the West Coast of Cape Town. However, Green Peace
is strongly opposed to the idea of any industrial activity on the West Coast. Imagine you are the
project manager, you would first have to determine one of the following:
Group of answer choices
How much it will cost the project to resolve the conflict?
Does the relationship in the conflict affect the project?
Does the conflict relate to the salaries of the stakeholders?
The significance and the severity of the stakeholder conflict.
Question 181 pts
During the project life-cycle there are changes which the project manager should be aware of.
There are, however, certain guidelines that the project manager should adhere to when making
changes which include one of the following:
Group of answer choices
The changes must build the necessary positive relationships among stakeholders and all role
players.
Only authorized team members should make the necessary changes after the necessary
assessments have been done.
The changes must bring about confidence in the project managers abilities to manage the project.
Non-project stakeholders must be allowed to view all proposed changes before they are
implemented.
Question 191 pts
Often project managers are faced with obstacles which are unplanned and unexpected. These
events usually require the project manager to consider one of the following actions:
Group of answer choices
Reconsider the schedule performance index and bring it in-line with expectations.
Adjust the cost performance indicators to more satisfactory levels.
Renegotiate the role stakeholders should play in the project.
Draft a contingency plan which outlines an alternative approach to achieve project goals.
Question 201 pts
Project managers generally aim for a zero variance in the completion of a project. A zero
variance can best be described as:
Group of answer choices
The project was completed under budget but with no major consequences.
The project was completed slightly over budget but with no major consequences.
The project was completed within the budgeted amount and strictly adhered to.
The project was completed by exceeding the budget; consequently, no money is left.
Question 211 pts
The familiarity of the project manager with the quality management plan is essential. The quality
management plan generally contains a detailed outline and one of the following:
Group of answer choices
Customer requirements.
Project progress.
Project team member list
A list of project activities.
Question 221 pts
As a project manager, you will be exposed to certain risks which the project will encounter. This
then often leads to a certain action by the project manager, generally described as:
Group of answer choices
The anticipation of the risk and implementing mitigation strategies.
The avoidance of the risk by taking alternative measures and actions.
The transfer of the risk transfer to a higher authority.
The acceptance of the risk and deal with the risk when it occurs.
Question 231 pts
As a project manager there will be several different risk developments, which include amongst
others changes in project scope, budgets and timelines. It will then require the project manager
to:
Group of answer choices
Re-work the breakdown structure.
Maintain the project plan.
Amend the work performance information.
Start a new risk register.
Question 241 pts
Once a supplier or vendor contract has been signed, several contract management actions which
need to take place. These monitoring and control contract management actions include one of the
following:
Group of answer choices
Assess the scope of the project work which is carried out and report appropriately to the project
funders.
Where penalties have to be applied for unsatisfactory performance, these penalties must be
applied.
Determine what corrective measures will be applied to get a new vendor.
Where there is evidence of overspending, request new tenders from familiar vendors.
Question 251 pts
There are several stages which a project team generally goes through. It is incumbent on the
project manager to be aware at which stage they should clear up any uncertainties, combined
with ascertaining team member skills and background. Suggest the stage best suited for this
process.
Group of answer choices
Norming
Storming
Performing
Forming

More Related Content

Similar to Question 11 ptsWhen composing a risk management plan, one of the a.pdf

Pm0010 – interduction to project management
Pm0010 – interduction to project managementPm0010 – interduction to project management
Pm0010 – interduction to project management
smumbahelp
 
1Marks 1Many people consider project integratio.docx
1Marks 1Many people consider project integratio.docx1Marks 1Many people consider project integratio.docx
1Marks 1Many people consider project integratio.docx
hyacinthshackley2629
 
PMP assessment exam 1.1
PMP assessment exam 1.1PMP assessment exam 1.1
PMP assessment exam 1.1
Daniel Hucks
 
Week06 slides
Week06 slidesWeek06 slides
Week06 slides
henry KKK
 
Project Management ORION Systems
Project Management ORION SystemsProject Management ORION Systems
Project Management ORION Systems
reeza fazily
 
Better Project Selection using Hoshin Planning and Balanced Scorecards
Better Project Selection using Hoshin Planning and Balanced ScorecardsBetter Project Selection using Hoshin Planning and Balanced Scorecards
Better Project Selection using Hoshin Planning and Balanced Scorecards
Grant Crow
 
NUR 350 Journal Guidelines and Rubric Journal ac.docx
NUR 350 Journal Guidelines and Rubric   Journal ac.docxNUR 350 Journal Guidelines and Rubric   Journal ac.docx
NUR 350 Journal Guidelines and Rubric Journal ac.docx
vannagoforth
 

Similar to Question 11 ptsWhen composing a risk management plan, one of the a.pdf (20)

Pm0010 – interduction to project management
Pm0010 – interduction to project managementPm0010 – interduction to project management
Pm0010 – interduction to project management
 
PMP Lite Mock Exam2.pdf
PMP Lite Mock Exam2.pdfPMP Lite Mock Exam2.pdf
PMP Lite Mock Exam2.pdf
 
1Marks 1Many people consider project integratio.docx
1Marks 1Many people consider project integratio.docx1Marks 1Many people consider project integratio.docx
1Marks 1Many people consider project integratio.docx
 
ACCA Chapter 12 and 13_ Accounting & Finance
ACCA Chapter 12 and 13_ Accounting & FinanceACCA Chapter 12 and 13_ Accounting & Finance
ACCA Chapter 12 and 13_ Accounting & Finance
 
PMP assessment exam 1.1
PMP assessment exam 1.1PMP assessment exam 1.1
PMP assessment exam 1.1
 
Critical success factors in effective project implementation
Critical success factors in effective project implementationCritical success factors in effective project implementation
Critical success factors in effective project implementation
 
It project management and best practices
It project management and best practicesIt project management and best practices
It project management and best practices
 
Week06 slides
Week06 slidesWeek06 slides
Week06 slides
 
PMP Exam Q & A
PMP Exam Q & APMP Exam Q & A
PMP Exam Q & A
 
Pmstudy exam 2
Pmstudy exam 2Pmstudy exam 2
Pmstudy exam 2
 
Top 10 project mgt. problems
Top 10 project mgt. problemsTop 10 project mgt. problems
Top 10 project mgt. problems
 
Project Management ORION Systems
Project Management ORION SystemsProject Management ORION Systems
Project Management ORION Systems
 
Pmstudy exam 4
Pmstudy exam 4Pmstudy exam 4
Pmstudy exam 4
 
Better Project Selection using Hoshin Planning and Balanced Scorecards
Better Project Selection using Hoshin Planning and Balanced ScorecardsBetter Project Selection using Hoshin Planning and Balanced Scorecards
Better Project Selection using Hoshin Planning and Balanced Scorecards
 
Final Class Presentation on Project Audit and Closure.ppt
Final Class Presentation on Project Audit and Closure.pptFinal Class Presentation on Project Audit and Closure.ppt
Final Class Presentation on Project Audit and Closure.ppt
 
NUR 350 Journal Guidelines and Rubric Journal ac.docx
NUR 350 Journal Guidelines and Rubric   Journal ac.docxNUR 350 Journal Guidelines and Rubric   Journal ac.docx
NUR 350 Journal Guidelines and Rubric Journal ac.docx
 
Matinée PMI - Why so many technology projects failing
Matinée PMI - Why so many technology projects failingMatinée PMI - Why so many technology projects failing
Matinée PMI - Why so many technology projects failing
 
A BASELINE IS THE PROJECT'S SCOPE FIXED AT A SPECIFIC POINT IN TIME.
A BASELINE IS THE PROJECT'S SCOPE FIXED AT A SPECIFIC POINT IN TIME.A BASELINE IS THE PROJECT'S SCOPE FIXED AT A SPECIFIC POINT IN TIME.
A BASELINE IS THE PROJECT'S SCOPE FIXED AT A SPECIFIC POINT IN TIME.
 
Pmwg.110603
Pmwg.110603Pmwg.110603
Pmwg.110603
 
Pmstudy exam_1
Pmstudy exam_1Pmstudy exam_1
Pmstudy exam_1
 

More from Choices3

You have been hired to build a model to forecast Sales. You have bee.pdf
You have been hired to build a model to forecast Sales. You have bee.pdfYou have been hired to build a model to forecast Sales. You have bee.pdf
You have been hired to build a model to forecast Sales. You have bee.pdf
Choices3
 
Write a critique on Global leaders perceptions of elements required.pdf
Write a critique on Global leaders perceptions of elements required.pdfWrite a critique on Global leaders perceptions of elements required.pdf
Write a critique on Global leaders perceptions of elements required.pdf
Choices3
 
Write a critique on Transforming leadership styles and knowledge sha.pdf
Write a critique on Transforming leadership styles and knowledge sha.pdfWrite a critique on Transforming leadership styles and knowledge sha.pdf
Write a critique on Transforming leadership styles and knowledge sha.pdf
Choices3
 
Write a critique on Transformational leadership styles and knowledge.pdf
Write a critique on Transformational leadership styles and knowledge.pdfWrite a critique on Transformational leadership styles and knowledge.pdf
Write a critique on Transformational leadership styles and knowledge.pdf
Choices3
 
TQM at the Ritz-CarltonThe Ritz-Carlton Hotel Company, the flagshi.pdf
TQM at the Ritz-CarltonThe Ritz-Carlton Hotel Company, the flagshi.pdfTQM at the Ritz-CarltonThe Ritz-Carlton Hotel Company, the flagshi.pdf
TQM at the Ritz-CarltonThe Ritz-Carlton Hotel Company, the flagshi.pdf
Choices3
 
The Accounting Software Installation Project - Outsourcing Sitting.pdf
The Accounting Software Installation Project - Outsourcing Sitting.pdfThe Accounting Software Installation Project - Outsourcing Sitting.pdf
The Accounting Software Installation Project - Outsourcing Sitting.pdf
Choices3
 
Sample Dialogue for the Four General Types of Goals Topic, Relation.pdf
Sample Dialogue for the Four General Types of Goals Topic, Relation.pdfSample Dialogue for the Four General Types of Goals Topic, Relation.pdf
Sample Dialogue for the Four General Types of Goals Topic, Relation.pdf
Choices3
 
Read the associated case study 2. Reflect on the information cover.pdf
Read the associated case study 2. Reflect on the information cover.pdfRead the associated case study 2. Reflect on the information cover.pdf
Read the associated case study 2. Reflect on the information cover.pdf
Choices3
 
Provide a summary of thefollowing cost component and how it is ap.pdf
Provide a summary of thefollowing  cost component and how it is ap.pdfProvide a summary of thefollowing  cost component and how it is ap.pdf
Provide a summary of thefollowing cost component and how it is ap.pdf
Choices3
 

More from Choices3 (16)

You have been hired to build a model to forecast Sales. You have bee.pdf
You have been hired to build a model to forecast Sales. You have bee.pdfYou have been hired to build a model to forecast Sales. You have bee.pdf
You have been hired to build a model to forecast Sales. You have bee.pdf
 
Write a critique on Global leaders perceptions of elements required.pdf
Write a critique on Global leaders perceptions of elements required.pdfWrite a critique on Global leaders perceptions of elements required.pdf
Write a critique on Global leaders perceptions of elements required.pdf
 
Write a critique on Transforming leadership styles and knowledge sha.pdf
Write a critique on Transforming leadership styles and knowledge sha.pdfWrite a critique on Transforming leadership styles and knowledge sha.pdf
Write a critique on Transforming leadership styles and knowledge sha.pdf
 
write a sample project for this question and use the format provided.pdf
write a sample project for this question and use the format provided.pdfwrite a sample project for this question and use the format provided.pdf
write a sample project for this question and use the format provided.pdf
 
Write a critique on Transformational leadership styles and knowledge.pdf
Write a critique on Transformational leadership styles and knowledge.pdfWrite a critique on Transformational leadership styles and knowledge.pdf
Write a critique on Transformational leadership styles and knowledge.pdf
 
Write a persuasive speech on teenage homelessness. The organization.pdf
Write a  persuasive speech on teenage homelessness. The organization.pdfWrite a  persuasive speech on teenage homelessness. The organization.pdf
Write a persuasive speech on teenage homelessness. The organization.pdf
 
Wharton General Hospital and Medical Center�s CFO of 20 years, Owen De.pdf
Wharton General Hospital and Medical Center�s CFO of 20 years, Owen De.pdfWharton General Hospital and Medical Center�s CFO of 20 years, Owen De.pdf
Wharton General Hospital and Medical Center�s CFO of 20 years, Owen De.pdf
 
TQM at the Ritz-CarltonThe Ritz-Carlton Hotel Company, the flagshi.pdf
TQM at the Ritz-CarltonThe Ritz-Carlton Hotel Company, the flagshi.pdfTQM at the Ritz-CarltonThe Ritz-Carlton Hotel Company, the flagshi.pdf
TQM at the Ritz-CarltonThe Ritz-Carlton Hotel Company, the flagshi.pdf
 
Tessa has been employed as an administrative professional for the la.pdf
Tessa has been employed as an administrative professional for the la.pdfTessa has been employed as an administrative professional for the la.pdf
Tessa has been employed as an administrative professional for the la.pdf
 
The Accounting Software Installation Project - Outsourcing Sitting.pdf
The Accounting Software Installation Project - Outsourcing Sitting.pdfThe Accounting Software Installation Project - Outsourcing Sitting.pdf
The Accounting Software Installation Project - Outsourcing Sitting.pdf
 
Sample Dialogue for the Four General Types of Goals Topic, Relation.pdf
Sample Dialogue for the Four General Types of Goals Topic, Relation.pdfSample Dialogue for the Four General Types of Goals Topic, Relation.pdf
Sample Dialogue for the Four General Types of Goals Topic, Relation.pdf
 
Reframing Leadership Select and discuss one of the four images des.pdf
Reframing Leadership Select and discuss one of the four images des.pdfReframing Leadership Select and discuss one of the four images des.pdf
Reframing Leadership Select and discuss one of the four images des.pdf
 
Read the associated case study 2. Reflect on the information cover.pdf
Read the associated case study 2. Reflect on the information cover.pdfRead the associated case study 2. Reflect on the information cover.pdf
Read the associated case study 2. Reflect on the information cover.pdf
 
Tessa has been employed as an administrative professional for the last.pdf
Tessa has been employed as an administrative professional for the last.pdfTessa has been employed as an administrative professional for the last.pdf
Tessa has been employed as an administrative professional for the last.pdf
 
Questions for Discussion 1. In general, how can teams increase a com.pdf
Questions for Discussion 1. In general, how can teams increase a com.pdfQuestions for Discussion 1. In general, how can teams increase a com.pdf
Questions for Discussion 1. In general, how can teams increase a com.pdf
 
Provide a summary of thefollowing cost component and how it is ap.pdf
Provide a summary of thefollowing  cost component and how it is ap.pdfProvide a summary of thefollowing  cost component and how it is ap.pdf
Provide a summary of thefollowing cost component and how it is ap.pdf
 

Recently uploaded

MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MysoreMuleSoftMeetup
 

Recently uploaded (20)

HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
 
How to Manage Call for Tendor in Odoo 17
How to Manage Call for Tendor in Odoo 17How to Manage Call for Tendor in Odoo 17
How to Manage Call for Tendor in Odoo 17
 
VAMOS CUIDAR DO NOSSO PLANETA! .
VAMOS CUIDAR DO NOSSO PLANETA!                    .VAMOS CUIDAR DO NOSSO PLANETA!                    .
VAMOS CUIDAR DO NOSSO PLANETA! .
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
MuleSoft Integration with AWS Textract | Calling AWS Textract API |AWS - Clou...
 
Ernest Hemingway's For Whom the Bell Tolls
Ernest Hemingway's For Whom the Bell TollsErnest Hemingway's For Whom the Bell Tolls
Ernest Hemingway's For Whom the Bell Tolls
 
Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...
 
Including Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdfIncluding Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdf
 
OSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsOSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & Systems
 
Tatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsTatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf arts
 
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 
Michaelis Menten Equation and Estimation Of Vmax and Tmax.pptx
Michaelis Menten Equation and Estimation Of Vmax and Tmax.pptxMichaelis Menten Equation and Estimation Of Vmax and Tmax.pptx
Michaelis Menten Equation and Estimation Of Vmax and Tmax.pptx
 
What is 3 Way Matching Process in Odoo 17.pptx
What is 3 Way Matching Process in Odoo 17.pptxWhat is 3 Way Matching Process in Odoo 17.pptx
What is 3 Way Matching Process in Odoo 17.pptx
 
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdfUGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
Observing-Correct-Grammar-in-Making-Definitions.pptx
Observing-Correct-Grammar-in-Making-Definitions.pptxObserving-Correct-Grammar-in-Making-Definitions.pptx
Observing-Correct-Grammar-in-Making-Definitions.pptx
 
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 

Question 11 ptsWhen composing a risk management plan, one of the a.pdf

  • 1. Question 11 pts When composing a risk management plan, one of the activities is to define: Group of answer choices Methods Work breakdown structure Project charter Project Resource allocation Question 21 pts When compiling a risk register it is typical to include one of the following fields: Group of answer choices Project charter Business case Probability Project brief Question 31 pts When compiling a risk register it is typical to include one of the following fields: Group of answer choices Contingent Action Mitigation Acceptance Transference Question 41 pts The modern view of value generally includes: Group of answer choices Prevention Appraisal Reputation External failure Question 51 pts Once the key stakeholders have been identified, the project manager must decide which information they are likely to need, which includes one of the following categories: Group of answer choices Quantities of materials Status changes Information needs
  • 2. Medium of communication Question 61 pts Numerous professionals agree that poor project planning is a critical mistake that frequently leads to project failure - which include one of the following threats to the project: The project tasks do not have a timeline. A set of poor quality management techniques. A group of similar projects that creates confusion. Lack of support from stakeholders. Question 71 pts You are a project manager for XYZ limited and have been tasked to produce a cost estimation schedule which typically includes one of the following milestones: Group of answer choices The review of ground rules meeting. The collection of lessons learned for use on future projects. The evaluation of team member performance. The appointment of a facilitator to conduct a brainstorming exercise. Question 81 pts Scope management of a project can generally be described as: Group of answer choices The day-to-day budgeting of the project to curb wasteful expenditure and save money. The day-to day financial management of the project to ensure financial stability. The day-to-day quality management of the project to ensure correct workmanship. The day-to-day management of the project to ensure that the project does not deviate. Question 91 pts As a project manager, issues and demands are brought to the project team's attention. When this happens, as project manager, you will need to do one of the following: Group of answer choices Make project additions as and when needed. Project iterations should be implemented. Make an informed official decision. Scope current adjustments and implement. Question 101 pts As a project manager, you will have to manage possible changes to the project scope. This generally includes one of the following steps: Group of answer choices Adapt the change control process flow diagram.
  • 3. A summary of all previous changes to the project. Compile an issues log in date order. Update the relevant project documents. Question 111 pts While there is no specific structure for a team charter, some common elements feature in a team charter. These include the following: Group of answer choices Internal checks, balances, reviews, and background. A sheet which reflects the salaries per month of team members. The team register with the names of team members. A how-to- team guide which provides a map of the construction site. Question 121 pts As a project manager you will from time-to-time be confronted with the performance of your team. Typically project managers aim for a high-performance team which generally requires the following primary components: Group of answer choices Accountability, a high salary with benefits. High salary, and skilled team members. Collaborative problem-solving with a high salary. Leadership and collaborative problem-solving Question 131 pts There are several barriers to effective communication which include environmental factors and thesaurus noise. Some typical examples of barriers to effective communication include: Group of answer choices Perceptual barriers and intercultural barriers. Intercultural and Leadership barriers Psychological and managerial barriers. Physical and semantic barriers. Question 141 pts Mario and Denzil are both project members but have studied at different institutions and come from different backgrounds. They often disagree on issues of commitment, dress and body language. As a project manager you will often be expected to resolve conflict which arises from these types of differences among team members. These types of conflicts can generally be categorized into the following areas: Group of answer choices Project and personality conflicts.
  • 4. Team and culture conflicts. Team and personality conflicts. Culture and personality conflicts. Question 151 pts As a project manager you will have to be cognizant of potential risks to the completion of a project. To this end, there are several techniques which the project can use. These generally include the following: Group of answer choices A list of stakeholders and historical reviews. A SWOT analysis and all shareholder agreements. Expert judgement and a SWOT analysis. A detailed Investor portfolio and a brainstorming list. Question 161 pts To effectively manage stakeholders, the Project Management Institute provides several pieces of advice which include one of the following: Group of answer choices Project managers must know their stakeholder interest in the project. Project managers must be good listeners and action orientated. Project managers should encode all communications. Project managers must have a stakeholder engagement strategy. Question 171 pts Shell gas has commissioned a project on the West Coast of Cape Town. However, Green Peace is strongly opposed to the idea of any industrial activity on the West Coast. Imagine you are the project manager, you would first have to determine one of the following: Group of answer choices How much it will cost the project to resolve the conflict? Does the relationship in the conflict affect the project? Does the conflict relate to the salaries of the stakeholders? The significance and the severity of the stakeholder conflict. Question 181 pts During the project life-cycle there are changes which the project manager should be aware of. There are, however, certain guidelines that the project manager should adhere to when making changes which include one of the following: Group of answer choices The changes must build the necessary positive relationships among stakeholders and all role players.
  • 5. Only authorized team members should make the necessary changes after the necessary assessments have been done. The changes must bring about confidence in the project managers abilities to manage the project. Non-project stakeholders must be allowed to view all proposed changes before they are implemented. Question 191 pts Often project managers are faced with obstacles which are unplanned and unexpected. These events usually require the project manager to consider one of the following actions: Group of answer choices Reconsider the schedule performance index and bring it in-line with expectations. Adjust the cost performance indicators to more satisfactory levels. Renegotiate the role stakeholders should play in the project. Draft a contingency plan which outlines an alternative approach to achieve project goals. Question 201 pts Project managers generally aim for a zero variance in the completion of a project. A zero variance can best be described as: Group of answer choices The project was completed under budget but with no major consequences. The project was completed slightly over budget but with no major consequences. The project was completed within the budgeted amount and strictly adhered to. The project was completed by exceeding the budget; consequently, no money is left. Question 211 pts The familiarity of the project manager with the quality management plan is essential. The quality management plan generally contains a detailed outline and one of the following: Group of answer choices Customer requirements. Project progress. Project team member list A list of project activities. Question 221 pts As a project manager, you will be exposed to certain risks which the project will encounter. This then often leads to a certain action by the project manager, generally described as: Group of answer choices The anticipation of the risk and implementing mitigation strategies. The avoidance of the risk by taking alternative measures and actions. The transfer of the risk transfer to a higher authority.
  • 6. The acceptance of the risk and deal with the risk when it occurs. Question 231 pts As a project manager there will be several different risk developments, which include amongst others changes in project scope, budgets and timelines. It will then require the project manager to: Group of answer choices Re-work the breakdown structure. Maintain the project plan. Amend the work performance information. Start a new risk register. Question 241 pts Once a supplier or vendor contract has been signed, several contract management actions which need to take place. These monitoring and control contract management actions include one of the following: Group of answer choices Assess the scope of the project work which is carried out and report appropriately to the project funders. Where penalties have to be applied for unsatisfactory performance, these penalties must be applied. Determine what corrective measures will be applied to get a new vendor. Where there is evidence of overspending, request new tenders from familiar vendors. Question 251 pts There are several stages which a project team generally goes through. It is incumbent on the project manager to be aware at which stage they should clear up any uncertainties, combined with ascertaining team member skills and background. Suggest the stage best suited for this process. Group of answer choices Norming Storming Performing Forming