Project managers have to assess the risks that may affect a project. a) True b) False

Project managers have to assess the risks that may affect a project.

a) True

b) False
by

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Answer :

b) False
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Project managers have to assess the risks that may affect a project. a) True b) False

Description : Project managers have to assess the risks that may affect a project. a) True b) False

Last Answer : b) False

Project managers have to assess the risks that may affect a project. a. True b. False

Description : Project managers have to assess the risks that may affect a project. a. True b. False

Last Answer : b. False

The planning and scoping should be such that the project manager can assess every stage of the project and the quality of the deliverable of the project at every stage. (True/False)

Description : The planning and scoping should be such that the project manager can assess every  stage of the project and the quality of the deliverable of the project at every stage. (True/False)

Last Answer : Ans. True

Project management provides the project managers and team members with the principles they require to effectively meet the needs of the customer. (True/False)

Description : Project management provides the project managers and team members with the  principles they require to effectively meet the needs of the customer. (True/False)

Last Answer : Ans. True

All of the following statements are true regarding risks except for which one? Choose the least correct answer. A. Risks might be threats to the objectives of the project. B. Risks are certain events that may be threats or opportunities to the objectives of the project. C. Risks might be opportunities to the objectives of the project. D. Risks have causes and consequences.

Description : All of the following statements are true regarding risks except for which one? Choose the least correct answer.  A. Risks might be threats to the objectives of the project.  B. Risks are ... Risks might be opportunities to the objectives of the project.  D. Risks have causes and consequences.

Last Answer : B. Risks are certain events that may be threats or opportunities to the objectives of  the project

Which one of the following statements about the project risk register is false? a. It facilitates the review and monitoring of risks. b. It facilitates the risk appetite. c. It facilitates the recording of risk responses. d. It facilitates the recording of risks.

Description : Which one of the following statements about the project risk register is false? a. It facilitates the review and monitoring of risks. b. It facilitates the risk appetite. c. It facilitates the recording of risk responses. d. It facilitates the recording of risks.

Last Answer : b. It facilitates the risk appetite.

Which one of the following statements about the project risk register is false? a. It facilitates the review and monitoring of risks. b. It facilitates the risk appetite. c. It facilitates the recording of risk responses. d. It facilitates the recording of risks

Description : Which one of the following statements about the project risk register is false?  a. It facilitates the review and monitoring of risks.  b. It facilitates the risk appetite.  c. It facilitates the recording of risk responses.  d. It facilitates the recording of risks

Last Answer : b. It facilitates the risk appetite

Which of the following is true about a project manager? Select one: a. Project managers analyze work processes and explore opportunities to make improvements. b. Project managers are focused on the long-term health of the organization. c. Project managers are process focused. d. Project managers are goal oriented. e. Project managers standardize the work processes.

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Last Answer : d. Project managers are goal oriented.

Earned value management integrates scope, cost, and schedule measures to: A. assess project performance and progress. B. develop a preliminary budget. C. assess communication effectiveness among project team members. D. assess whether all requirements were met.

Description : Earned value management integrates scope, cost, and schedule measures to:  A. assess project performance and progress.  B. develop a preliminary budget. C. assess communication effectiveness among project team members. D. assess whether all requirements were met.

Last Answer : A. assess project performance and progress.

Which of the following statements about risk is true? Select one: a. Project risk focuses on identifying, assessing, and eliminating the risks on the project. b. Risk management is all about eliminating risk. c. Project risk is an uncertain event that, even if it occurs, has no effect on project objectives. d. There are no risk-free projects. e. Risk management involves identification, evaluation, and elevation of risk

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Last Answer : d. There are no risk-free projects.

All of the following statements are true regarding risk events except which one? Choose the least correct answer.A. Project risks are uncertain events. B. If risks occur, they can have a positive or negative effect on project objectives. C. Unknown risks are threats to the project objectives, and nothing can be done to plan for them. D. Risks that have more perceived rewards to the organization than the consequences of the risk should be accepted.

Description : All of the following statements are true regarding risk events except which one?  Choose the least correct answer. A. Project risks are uncertain events.  B. If risks occur, they can ... that have more perceived rewards to the organization than the consequences of  the risk should be accepted.

Last Answer : C. Unknown risks are threats to the project objectives, and nothing can be done to  plan for them.

The main purpose of the Project Management Plan is to: a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk of alternative options. b. ensure the project sponsor has tight control of the project manager’s activity. c. document the outcomes of the planning process and provide the reference document for managing the project. d. document the outcome of the risk, change and configuration management processes.

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Last Answer : c. document the outcomes of the planning process and provide the reference document for managing the  project.

An Organizational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of communication for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project. d. the reporting structure and lines of communication for all individuals in the projects.

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Last Answer : d. the reporting structure and lines of communication for all individuals in the projects.

Which of the following is/are main parameters that you should use when computing the costs of a software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

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Once project planning is complete, project managers document their plan in A. SPMP document B. SRS document C. Detailed Design document D. Excel Sheet

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Last Answer : A. SPMP document

Which of the following is/are main parameters that you should use when computing the costs of a software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

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Do it because I said to” is the mantra for project managers who use _____ as the default approach to resolve conflict. Select one: a. collaborating b. compromising c. accommodating d. forcing e. avoiding

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Complete the following statement. In a weak matrix environment, the project manager, Eric, has to constantly make an effort to influence his project team and stakeholders to ensure project success. This is because: Select one: a. Eric has a lot of authority. b. Eric has no or little authority. c. Eric is controlled by his functional managers. d. there are no functional managers. e. Eric has flexibility on authority.

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Last Answer : b. Eric has no or little authority.

computing the costs of a development project? (A)travel and training costs (B) hardware and costs (C) effort costs (the costs of paying engineers and managers) (D)All of the mention

Description : computing the costs of a development project? (A)travel and training costs (B) hardware and costs (C) effort costs (the costs of paying engineers and managers) (D)All of the mention

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Which of the following is/are considered stakeholder c. Project managers d. All of the above.in the process? a. Customers b. End-users

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Last Answer : d. All of the above.

Project managers can develop task lists for a project with the help of _____. a. established methodologies b. system proposals c. system requests d. user application hardware e. user requirements

Description : Project managers can develop task lists for a project with the help of _____.  a. established methodologies  b. system proposals  c. system requests  d. user application hardware  e. user requirements

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The most significant challenge to project managers is _____. a. lack of project management training b. no one really understands how to manage a complex systems development project c. the lack of tools that can assist in controlling project progress d. unrealistic schedule demands by project sponsors

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Last Answer : d. unrealistic schedule demands by project sponsors

Which conflict resolution technique do project managers use most often? A. Smoothing B. Norming C. Confronting D. Forcing

Description : Which conflict resolution technique do project managers use most often?  A. Smoothing B. Norming C. Confronting D. Forcing

Last Answer : C. Confronting

The successful project managers spend most of their time: A. Planning with their personnel B. Planning with the top management C. Communication with the project team (Ans.) D. Studying project results

Description : The successful project managers spend most of their time:  A. Planning with their personnel  B. Planning with the top management  C. Communication with the project team (Ans.)  D. Studying project results

Last Answer : C. Communication with the project team (Ans.)

The main purpose of the Project Management Plan is to: a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk of alternatd. document the outcome of the risk, change and configuration management processes.ive options. b. ensure the project sponsor has tight control of the project manager’s activity. c. document the outcomes of the planning process and provide the reference document for managing the project.

Description : The main purpose of the Project Management Plan is to:  a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk  of alternative options.  b ... managing the project. d. document the outcome of the risk, change and configuration management processes.

Last Answer : c. document the outcomes of the planning process and provide the reference document for  managing the project.

An Organisational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project.b. technical ability and line of communication for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project.d. the reporting structure and lines of communication for all individuals in the projects.

Description : An Organisational Breakdown Structure (OBS) is used to identify:  a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of ... project. d. the reporting structure and lines of communication for all individuals in the projects.

Last Answer : d. the reporting structure and lines of communication for all individuals in the projects.

Approximately what percentage of the project manager's time is spent in some form of communication, such as: conferences, meetings, writing memos, reading and preparing reports, and talking with project team members, upper management, and all other stalk holders? 1. 10-20% 2. 50-70% 3. 75-90% 4. 21-45%

Description : Approximately what percentage of the project manager's time is spent in some form of  communication, such as: conferences, meetings, writing memos, reading and preparing reports, and talking with project  team members, upper ... other stalk holders? 1. 10-20%  2. 50-70%  3. 75-90%  4. 21-45%

Last Answer : 3. 75-90%

Most of the project manager's external communication links consist of: 1. Written documents 2. Oral communication 3. Tactile contact 4. Informal contact

Description : Most of the project manager's external communication links consist of: 1. Written documents  2. Oral communication  3. Tactile contact  4. Informal contact

Last Answer : 1. Written documents

Which of the following can cause a communication barrier? 1. Differing perceptions as to project goals and objectives 2. Insufficient action on the part of the project manager3. Competition for facilities, equipment, material, manpower and other resources 4. Personality conflicts between managers and/ or other personnel 5. Resistance to change 6. All of the above

Description : Which of the following can cause a communication barrier? 1. Differing perceptions as to project goals and objectives  2. Insufficient action on the part of the project manager 3. Competition for ... between managers and/ or other personnel  5. Resistance to change  6. All of the above

Last Answer : 6. All of the above

The most successful project manager usually:1. works their way up from assistants in the project office to full-fledged project managers, supplementing that experience with formal education. 2. Comes right from Harvard's MBA program into managing very large projects. 3. Is considered the technical expert of their field. 4. Has considerable experience as a functional manager before moving into the project management arena.

Description : The most successful project manager usually: 1. works their way up from assistants in the project office to full-fledged project managers,  supplementing that experience with formal ... . Has considerable experience as a functional manager before moving into the project  management arena.

Last Answer : 1. works their way up from assistants in the project office to full-fledged project managers,  supplementing that experience

)Which form of power is the LEAST effective from the project manager's viewpoint in terms of influencing functional managers? 1. Formal power 2. Expert power 3. Penalty power 4. Referent power

Description : )Which form of power is the LEAST effective from the project manager's viewpoint in terms of influencing functional managers? 1. Formal power  2. Expert power  3. Penalty power  4. Referent power

Last Answer : 3. Penalty power

From HR perspective, the project manager's responsibility in the planning role includes: 1. Hiring the team 2. Developing work schedules3. Forecasting 4. Feedback sessions 5. Both b and c

Description : From HR perspective, the project manager's responsibility in the planning role includes: 1. Hiring the team  2. Developing work schedules 3. Forecasting  4. Feedback sessions  5. Both b and c

Last Answer : 5. Both b and c

)Resource leveling attempts to : 1. Reduce resource requirements by smoothing out period-to period resource assignments. 2. Ensure that the 3. Reduce the amount of resources so that they can be shared with on other endeavors. 4. Increase the amount of the project manager's authority so that budget dollars can be appropriated.budget abnormalities are overcome.

Description : )Resource leveling attempts to : 1. Reduce resource requirements by smoothing out period-to period resource assignments.  2. Ensure that the budget abnormalities are overcome. 3. Reduce the ... Increase the amount of the project manager's authority so that budget dollars can be  appropriated.

Last Answer : 1. Reduce resource requirements by smoothing out period-to period resource assignments.

The successful project managers spend most of their time: 1. Planning with their personnel 2. Planning with the top management 3. Communication with the project team 4. Studying project results.

Description : The successful project managers spend most of their time: 1. Planning with their personnel  2. Planning with the top management  3. Communication with the project team  4. Studying project results.

Last Answer : 3. Communication with the project team

(1)Milestones established by the customer must be adhered to by: 1. Project manager 2. Functional managers 3. The customer4. Both a and b

Description : (1)Milestones established by the customer must be adhered to by: 1. Project manager  2. Functional managers  3. The customer 4. Both a and b

Last Answer : 4. Both a and b

People participated in or affected by project activities are known as (A) staff (B) stakeholders (C) project team (D) project managers

Description : People participated in or affected by project activities are known as (A) staff (B) stakeholders (C) project team (D) project managers

Last Answer : (B) stakeholders

A time-phased budget that project managers use to measure and monitor cost performance. A. Cost Baseline B. Cost Budgeting C. Cost Estimating D. Cost Variance

Description :  A time-phased budget that project managers use to measure and monitor cost performance. A. Cost Baseline B. Cost Budgeting C. Cost Estimating D. Cost Variance

Last Answer : A. Cost Baseline

The entire process of a project may be considered to be made upon a number of sub- processes placed in different stages called the Work Breakdown Structure. (True/False)

Description : The entire process of a project may be considered to be made upon a number of sub- processes placed in different stages called the Work Breakdown Structure. (True/False)

Last Answer : Ans. True

The main aim of a project risk management process should be to: a. identify project risks and then manage them appropriately. b. identify all project risks and transfer them immediately. c. identify all the things that are threats or opportunities on a project. d. satisfy the organization’s project management process.

Description : The main aim of a project risk management process should be to: a. identify project risks and then manage them appropriately. b. identify all project risks and transfer them immediately. c ... are threats or opportunities on a project. d. satisfy the organization's project management process.

Last Answer : a. identify project risks and then manage them appropriately.

Which of the following best describes a project environment? a. The type of organization concerned with implementation. b. The structured method used to control the project. c. The context within which a project is undertaken. d. An understanding of the risks involved in the project.

Description : Which of the following best describes a project environment? a. The type of organization concerned with implementation. b. The structured method used to control the project. c. The context within which a project is undertaken. d. An understanding of the risks involved in the project.

Last Answer : c. The context within which a project is undertaken.

The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that might occur on the project. c. identify and determine the responses to the project risks. d. identify and describe risks that have occurred on previous projects.

Description : The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that ... responses to the project risks. d. identify and describe risks that have occurred on previous projects.

Last Answer : b. identify and describe all risks that might occur on the project.

Andrew has joined as the Project Manager of a project. One of the project documents available to Andrew lists down all the risks in a hierarchical fashion. What is this document called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.

Description : Andrew has joined as the Project Manager of a project. One of the project documents available to Andrew lists down all the risks in a hierarchical fashion. What is this document called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.

Last Answer : d. Risk Breakdown Structure.

Once the project is approved and moves into the planninb. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysisg stage, what happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded.

Description : Once the project is approved and moves into the planning stage, what happens  in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Complete the following statement. As the project progresses into the execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on the project typically increases. c. risks are identified with each major group of activities. d. a risk response plan can be used to identify increasing levels of detailed risk analysis. e. the risk breakdown structure needs to be examined to be sure all the risk events have been avoided.

Description : Complete the following statement. As the project progresses into the  execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on ... risk breakdown structure needs to be examined to be sure all the risk events have  been avoided.

Last Answer : a. risks need to be checked off on activities that have been performed.

What is the first step in developing a risk management plan? Select one: a. Analyze the risks. b. Estimate the likelihood of the risks occurring. c. Identify potential project risks. d. Develop a risk mitigation plan. e. Estimate the potential impact of risk on the project goals.

Description : What is the first step in developing a risk management plan? Select one: a. Analyze the risks. b. Estimate the likelihood of the risks occurring. c. Identify potential project risks. d. Develop a risk mitigation plan. e. Estimate the potential impact of risk on the project goals.

Last Answer : c. Identify potential project risks.

Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle?Select one: a. Agreements for risk sharing need to be concluded. b. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Description : Once the project is approved and moves into the planning stage, what  happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Monte Carlo analysis can help predict the impact of risks on project deliverables. This is an element of one of the tools and techniques of which of the following processes? A. Risk Response Planning B. Quantitative Risk Analysis C. Risk Identification D. Qualitative Risk Analysis

Description : Monte Carlo analysis can help predict the impact of risks on project deliverables.  This is an element of one of the tools and techniques of which of the following processes? A. Risk Response Planning B. Quantitative Risk Analysis C. Risk Identification D. Qualitative Risk Analysis

Last Answer : B. Quantitative Risk Analysis

The process of assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks describes which of the following processes? A. Quantitative Risk Analysis B. Risk Identification C. Qualitative Risk Analysis D. Risk Management Planning

Description : The process of assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks describes ... Risk Analysis B. Risk Identification C. Qualitative Risk Analysis D. Risk Management Planning

Last Answer : C. Qualitative Risk Analysis