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.

1 Answer

Answer :

c. The context within which a project is undertaken.

Related questions

Description : Which of the following best describes a project environment? a. The type of organisation 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.

Description : Which one of the following statements best describes a project? a. A project is a set of tools and techniques often used when delivering organisational change. b. A project is the sum of activities ... endeavor undertaken to achieve a desired outcome. d. A project is a method of planning work.

Last Answer : c. A unique transient endeavor undertaken to achieve a desired outcome.

Description : Which one of the following statements best describes a project?  a. A project is a set of tools and techniques often used when delivering organisational change.  b. A project is the sum of ... endeavour undertaken to achieve a desired outcome.  d. A project is a method of planning work.

Last Answer : c. A unique transient endeavour undertaken to achieve a desired outcome.

Description : Which one of the following best describes a project stakeholder? a. A party who is concerned about the project going ahead. b. A party with an interest or role in the project or is impacted by ... of the project. d. A party who has a financial stake in the organization managing the project.

Last Answer : b. A party with an interest or role in the project or is impacted by the project.

Description : Configuration management is best described as: a. control in the implementation of changes to project schedules. b. an organization to review proposed changes to the project deliverables ... and documentation. d. creation, maintenance and controlled change of the project deliverables.

Last Answer : d. creation, maintenance and controlled change of the project deliverables.

Description : Which one of the following best describes project management? a. Using APM's Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has undertaken similar ... on a project full time. d. Application of processes and methods throughout the project life cycle.

Last Answer : d. Application of processes and methods throughout the project life cycle.

Description : Changes to the project involve moving from: A. Project control stage to project definition stage B. Project control stage to project planning stage C. Project control stage to understanding the project environment stage D. None of the above

Last Answer : A. Project control stage to project definition stage

Description : This activity is undertaken once the development activities start? A. Project Planning B. Project Monitoring and Control C. Project size estimation D. Project cost estimation

Last Answer : B. Project Monitoring and Control

Description : Which of the following activity is undertaken immediately after feasibility study and before  the requirement analysis and specification phase? A. Project Planning B. Project Monitoring C. Project Control D. Project Scheduling

Last Answer : A. Project Planning

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.

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

Description : Which one of the following best describes a project stakeholder?  a. A party who is concerned about the project going ahead.  b. A party with an interest or role in the project or is impacted by ... of the project.  d. A party who has a financial stake in the organisation managing the project.

Last Answer : b. A party with an interest or role in the project or is impacted by the project.

Description : The phases of a project life cycle are: a. starting, planning, control and closing. b. concept, definition, development, handover and closure. c. initiation, definition, planning, monitoring and operations. d. concept, definition, implementation and operations.

Last Answer : b. concept, definition, development, handover and closure.

Description : The phases of a project life cycle are:  a. starting, planning, control and closing.  b. concept, definition, development, handover and closure.  c. initiation, definition, planning, monitoring and operations.  d. concept, definition, implementation and operations.

Last Answer : b. concept, definition, development, handover and closure.

Description : Configuration management is best described as:  a. control in the implementation of changes to project schedules.  b. an organisation to review proposed changes to the project deliverables ... and documentation.  d. creation, maintenance and controlled change of the project deliverables.

Last Answer : d. creation, maintenance and controlled change of the project deliverables.

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Last Answer : a. gate review.

Description : A review undertaken to decide whether a project should proceed into its next phase is known  as a:  a. gate review.  b. feasibility study.  c. milestone review.  d. evaluation review.

Last Answer : a. gate review.

Description : Following are the characteristics of Project Mindset. (A) Time, Responsiveness, Information sharing, Processes, structured planning (B) Time, Project management, Information sharing, Processes ... , structured planning (D) Time, Responsiveness, Information sharing, Processes, project planning

Last Answer : (A) Time, Responsiveness, Information sharing, Processes, structured planning

Description : A project planning methodology is any structured approach used to guide the project team  during development of the project plan. What is an example of this methodology? 1. Standard forms or templates.  2. Upper management involvement  3. Functional work authorizations 4. Stakeholders skills

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Description : An example of the risk involved in development is a) Key personnel may resign before the product is complete b) The manufacturer of critical components (e.g. the hardware  associated with a ... a fully functional lower-cost  equivalent package e) All of these are risks involved in development.

Last Answer : e) All of these are risks involved in development.

Description : The most important problem faced in the implementation phase of a project is a delay  in execution. (True/False)

Last Answer : Ans. True

Description : When estimating project time schedules using industry standards for a systems project,  the following values are acceptable: 15% for planning, 25% for analysis, 50% for design,  and 10% for implementation.

Last Answer : Ans: False

Description : The time necessary to complete a project is referred to as: 1. Implementation time  2. Life cycle  3. Operations cycle  4. Production cycle

Last Answer : 2. Life cycle

Description : In which of the following project phases is the project schedule developed? 1. Conceptual  2. Planning  3. Implementation  4. Design

Last Answer : 2. Planning

Description : Which of the following is true about management meetings? Select one: a. They are short meetings to develop a common understanding of what the short-term  priorities are for the project. ... , tracking progress of existing plans, and  making adjustments to plans in response to new information.

Last Answer : e. They are oriented toward developing plans, tracking progress of existing plans, and  making adjustments to plans in response to new information.

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.

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.

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.

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.

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Last Answer : b) False

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

Last Answer : b) False

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

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

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.

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.

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

Last Answer : b. False

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

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

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.

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

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

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

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 ... 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.

Description : )The total amount of risk that is calculated for a project is found by 1. Multiplying the sum of each the risk times the amount at stake 2. Calculating the cumulative sum of the probability for ... 3. Cannot be calculated since all risks are not know  4. The amount of project reserves available

Last Answer : 2. Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events

Description : )Which of the following fit the category of external risks? 1. Project delays, budget under-runs, movement of city utilities  2. Regulatory, currency changes, taxation  3. Natural disasters, ... , design, social impact  5. Political unrest, budget overruns, size and complexity of the project

Last Answer : 2. Regulatory, currency changes, taxation

Description : How To Identify Project Risks?

Last Answer : Risk identification in the Project Management is often done by using brainstorming sessions to identify and clarify the main risks that may work against the project achieving its stated outcomes. It is ... the achievement of outcomes, delivery of outputs, level of resourcing, time, cost and quality.