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You are the project manager of the NHQ project for your company. You are working with your project team to complete a risk audit. A recent issue that your project team responded to, and management approved, was to increase the project schedule because there was risk surrounding the installation time of a new material. Your logic was that with the expanded schedule there would be time to complete the installation without affecting downstream project activities. What type of risk response is being audited in this scenario?
Correct Answer:
A
You are the project manager for your organization. You are preparing for the quantitative risk analysis. Mark, a project team member, wants to know why you need to do quantitative risk analysis when you just completed qualitative risk analysis. Which one of the following statements best defines what quantitative risk analysis is?
Correct Answer:
D
Your project spans the entire organization. You would like to assess the risk of the project but are worried that some of the managers involved in the project could affect the outcome of any risk identification meeting. Your worry is based on the fact that some employees would not want to publicly identify risk events that could make their supervisors look bad. You would like a method that would allow participants to anonymously identify risk events. What risk identification method could you use?
Correct Answer:
A
Fill in the blank with an appropriate phrase.
_________models address specifications, requirements, design, verification and validation, and maintenance activities.
Correct Answer:
Life cycle
Fill in the blank with an appropriate word.
________is also referred to as corporate governance, and covers issues such as board structures, roles and executive remuneration.
Correct Answer:
Conformance
Which of the following is NOT a sub-process of Service Portfolio Management?
Correct Answer:
B
Mary is the business analyst for your organization. She asks you what the purpose of the assess capability gaps task is. Which of the following is the best response to give Mary?
Correct Answer:
B
Which of the following are the roles of a CEO in the Resource management framework?
Each correct answer represents a complete solution. Choose all that apply.
Correct Answer:
ABD
Fill in the blank with an appropriate phrase.
_________is the study of how the variation (uncertainty) in the output of a mathematical model can be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a model
Correct Answer:
Sensitivity analysis
Which of the following is a process that occurs due to mergers, outsourcing or changing business needs?
Correct Answer:
C