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If a project's actual cost is greater than its earned value, and its actual time spent is greater than its planned time, what can be said about the project's performance?

  • The project is under budget and behind schedule.
  • The project is under budget and ahead of schedule.
  • The project is over budget and behind schedule. (correct)
  • The project is over budget and ahead of schedule.

Which of the following is the BEST example of a risk mitigation strategy?

  • Developing a contingency plan and an alternative approach. (correct)
  • Accepting the potential consequences should a risk occur.
  • Documenting the risk in the project's risk register.
  • Ignoring low-probability risks to focus on more pressing issues.

What type of organizational structure is MOST likely to result in an employee reporting to two different managers: one functional and one project manager?

  • Functional.
  • Projectized.
  • Matrix. (correct)
  • Hierarchical.

A project manager discovers that a key piece of software needed for the project will not be delivered on time due to a supplier issue. What is the FIRST thing the project manager should do?

<p>Consult the project's risk management plan and implement the contingency plan. (D)</p> Signup and view all the answers

During project execution, a stakeholder requests a significant change to the project scope that would add new deliverables. What should the project manager do FIRST?

<p>Assess the impact of the change on the project's constraints (scope, time, cost, quality, resources, risk). (A)</p> Signup and view all the answers

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