Podcast
Questions and Answers
What is the role of contingency reserves or allowances in project management?
What is the role of contingency reserves or allowances in project management?
- To maximize potential risks while minimizing potential opportunities
- To ignore identified risks and hope they do not occur
- To be predefined actions taken if an identified risk event occurs (correct)
- To overlook potential risks and opportunities
Which document defines the boundaries for the project, including what is and is not part of the project?
Which document defines the boundaries for the project, including what is and is not part of the project?
- Project Charter (correct)
- Project Scope Management Plan
- Preliminary Scope Statement
- Project Stakeholders
What is the primary goal of project risk management?
What is the primary goal of project risk management?
- To respond to risk throughout the project life and meet project objectives (correct)
- To maximize potential risks while minimizing potential opportunities
- To ignore risks and focus only on opportunities
- To eliminate all risks before starting the project
In which plan is the approach for managing communication activities throughout the project defined?
In which plan is the approach for managing communication activities throughout the project defined?
What purpose does project management serve according to the provided text?
What purpose does project management serve according to the provided text?
Which of the following is NOT an output of the Close Project process?
Which of the following is NOT an output of the Close Project process?
Who is ultimately responsible for quality management on the project?
Who is ultimately responsible for quality management on the project?
What should a project manager do first after being assigned a new project and given the preliminary project scope statement and charter?
What should a project manager do first after being assigned a new project and given the preliminary project scope statement and charter?
During which risk management process are workarounds determined?
During which risk management process are workarounds determined?
In risk management, what are risk tolerances determined for?
In risk management, what are risk tolerances determined for?
In which part of the project management process is the project manager ensuring that the product has been completed according to the project plan?
In which part of the project management process is the project manager ensuring that the product has been completed according to the project plan?
What is the purpose of a contingency budget in IT project management?
What is the purpose of a contingency budget in IT project management?
What is quality in a project defined as?
What is quality in a project defined as?
During which phase of an IT project is the highest amount of funding typically spent?
During which phase of an IT project is the highest amount of funding typically spent?
What term is used to represent the estimated value of the work actually accomplished on an IT project?
What term is used to represent the estimated value of the work actually accomplished on an IT project?
In IT project quality management, where is a cause and effect diagram commonly used by the project manager?
In IT project quality management, where is a cause and effect diagram commonly used by the project manager?
During which risk management process is a decision to transfer a risk often made in IT projects?
During which risk management process is a decision to transfer a risk often made in IT projects?
In IT project cost management, where does the project manager determine the resources and quantities used?
In IT project cost management, where does the project manager determine the resources and quantities used?
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