18 Questions
What is the role of contingency reserves or allowances in project management?
To be predefined actions taken if an identified risk event occurs
Which document defines the boundaries for the project, including what is and is not part of the project?
Project Charter
What is the primary goal of project risk management?
To respond to risk throughout the project life and meet project objectives
In which plan is the approach for managing communication activities throughout the project defined?
Communications Management Plan
What purpose does project management serve according to the provided text?
To apply knowledge, tools, and techniques to meet project requirements
Which of the following is NOT an output of the Close Project process?
$Work Performance Data
Who is ultimately responsible for quality management on the project?
Project Manager
What should a project manager do first after being assigned a new project and given the preliminary project scope statement and charter?
Confirm that all stakeholders have contributed to the scope
During which risk management process are workarounds determined?
Plan Risk Responses
In risk management, what are risk tolerances determined for?
The team ranks the project risks
In which part of the project management process is the project manager ensuring that the product has been completed according to the project plan?
Monitoring and Controlling
What is the purpose of a contingency budget in IT project management?
Reduce the probability of cost overruns.
What is quality in a project defined as?
Meeting and exceeding customer's expectations
During which phase of an IT project is the highest amount of funding typically spent?
Executing
What term is used to represent the estimated value of the work actually accomplished on an IT project?
Planned Value (PV)
In IT project quality management, where is a cause and effect diagram commonly used by the project manager?
Plan Quality Management
During which risk management process is a decision to transfer a risk often made in IT projects?
Plan Risk Responses
In IT project cost management, where does the project manager determine the resources and quantities used?
Cost Budgeting
Explore concepts related to project management, risk management planning, and identifying potential problems that may impact project success. Learn about contingency reserves and the application of knowledge, skills, tools, and techniques in project activities.
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