Podcast
Questions and Answers
A project manager is planning a project with a complex scope and multiple stakeholders. Which of the following tools and techniques would be MOST helpful in identifying and analyzing stakeholders?
A project manager is planning a project with a complex scope and multiple stakeholders. Which of the following tools and techniques would be MOST helpful in identifying and analyzing stakeholders?
A project manager is developing a resource allocation plan and needs to determine the availability of team members. Which of the following is a tool that can be used to gather this information?
A project manager is developing a resource allocation plan and needs to determine the availability of team members. Which of the following is a tool that can be used to gather this information?
A project manager is identifying and documenting risks on a project. Which of the following is a risk analysis technique that involves evaluating the potential impact of a risk by multiplying the probability of the risk by its potential impact?
A project manager is identifying and documenting risks on a project. Which of the following is a risk analysis technique that involves evaluating the potential impact of a risk by multiplying the probability of the risk by its potential impact?
A project manager is developing a cost management plan and needs to establish a contingency fund. Which of the following is a method for determining the amount of the contingency fund?
A project manager is developing a cost management plan and needs to establish a contingency fund. Which of the following is a method for determining the amount of the contingency fund?
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A project manager is planning a project with multiple dependencies between activities. Which of the following is a technique used to identify and analyze these dependencies?
A project manager is planning a project with multiple dependencies between activities. Which of the following is a technique used to identify and analyze these dependencies?
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Study Notes
Stakeholder Analysis
- Stakeholder register is a tool that documents information about individual stakeholders, their interests and potential influence on the Project
- Stakeholder analysis helps to identify and analyze stakeholders, their expectations, interests, and potential impact on the project.
Resource Availability
- Resource calendar is a tool that identifies and shows the availability of project team members.
Risk Analysis
- Risk assessment matrix is a method that involves evaluating the potential impact of a risk by multiplying the probability of the risk by its potential impact.
- Risk assessment matrix helps project managers prioritize risks based on their likelihood and impact
- Risk assessment matrix usually assigns a numerical value to the probability of each risk.
Contingency Fund
- Contingency reserve is a sum of money allocated to cover identified risks with a known probability of impacting the project.
- Management reserve is a sum of money reserved to cover unforeseen risks that are not identified during the planning phase.
Dependency Analysis
- Precedence Diagramming Method is a technique used to identify and analyze the dependencies between activities in a project.
- Arrow Diagramming Method is a technique used to determine the sequence of activities and identify dependencies.
- Network Diagram is a tool that visually represents the dependencies between activities.
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Description
Test your knowledge of project management principles, practices, and techniques based on the Project Management Body of Knowledge, Seventh Edition. This 50-question multiple-choice quiz covers key concepts, frameworks, and best practices in project management.
