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Questions # 1:

Diane is the project manager of the HGF Project. A risk that has been identified and analyzed in the project planning processes is now coming into fruition. What individual should respond to the risk with the preplanned risk response?

Options:

A.

Diane

B.

Risk owner

C.

Subject matter expert

D.

Project sponsor

Expert Solution
Questions # 2:

You work as a project manager for PassGuide Inc. You are working on a project that has a budget of $805,000 and you have completed 45 percent of the project work. Due to some errors, however, you have actually spent $430,000 of the budget. Management wants to know the project's cost performance index. Which of the following values will you report?

Options:

A.

0.87

B.

0.80

C.

0.84

D.

0.86

Expert Solution
Questions # 3:

Which of the following documents is described in the statement below?

"It is a companion document to the WBS. It describes each component in the WBS. It includes a brief definition of the scope or statement of work, defined deliverables, a list of associated activities, and a list of milestones. It details all work packages in WBS including estimates and billing information."

Options:

A.

WBS dictionary

B.

Contract

C.

Project charter

D.

Activity list

Expert Solution
Questions # 4:

Which of the following elements facilitates people to know large amounts of information as a picture rather than a table of names and numbers?

Options:

A.

Risk register

B.

Stakeholder register

C.

Project charter

D.

Organization chart

Expert Solution
Questions # 5:

You are the program manager for your project. You are working with the project managers regarding the procurement processes for their projects. You have ruled out one particular contract type because it is considered too risky for the program. Which one of the following contract types is usually considered to be the most dangerous for the buyer?

Options:

A.

Cost plus incentive fee

B.

Time and materials

C.

Cost plus percentage of costs

D.

Fixed fee

Expert Solution
Questions # 6:

Which of the following are the types of casual/econometric forecasting methods?

Each correct answer represents a complete solution. Choose all that apply.

Options:

A.

ARIMA

B.

Econometrics

C.

ARMA

D.

Scenario building

Expert Solution
Questions # 7:

You are the project manager for your organization and are planning the project work with your project team. You are currently breaking down the project scope into work packages to determine an accurate time and cost estimate. What document are you and the project team creating?

Options:

A.

Project scope

B.

Work breakdown structure

C.

Code of accounts

D.

Project management plan

Expert Solution
Questions # 8:

Sasha is the project manager of a large construction project. She is finalizing ground rules, training, and team-building activities for her project team members. In which of the following processes is she working on?

Options:

A.

Manage Project Team

B.

Develop Human Resource Plan

C.

Develop Project Team

D.

Acquire Project Team

Expert Solution
Questions # 9:

Mark works as a project manager for PassGuide Inc. He has to identify the internal and external stakeholders who will interact and influence the overall outcome of the project. Which of the following process groups will help him to accomplish the task?

Options:

A.

Initiating

B.

Planning

C.

Monitoring and Controlling

D.

Executing

Expert Solution
Questions # 10:

Which of the following are the characteristics of a project?

Each correct answer represents a complete solution. Choose all that apply.

Options:

A.

Its success is measured by evaluating whether it meets or exceeds expectations of the stakeholders.

B.

It is temporary in nature and has a definite beginning and ending date.

C.

It is completed when the project goals are achieved.

D.

It is common in nature.

Expert Solution
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