Who has ultimate responsibility for project risk? a. Steering group. b. Risk owner. c. Project sponsor. d. Project manager.

Who has ultimate responsibility for project risk?

a. Steering group.

b. Risk owner.

c. Project sponsor.

d. Project manager.
by

1 Answer

Answer :

c. Project sponsor.
by

Related questions

Who has ultimate responsibility for project risk? a. Steering group. b. Risk owner. c. Project sponsor. d. Project manager.

Description : Who has ultimate responsibility for project risk?  a. Steering group.  b. Risk owner.  c. Project sponsor.  d. Project manager.

Last Answer : c. Project sponsor.

Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance to the sponsor. c. To manage the project team in all daily activities. d. To receive and consider daily reports from team members.

Description : Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance ... project team in all daily activities. d. To receive and consider daily reports from team members.

Last Answer : b. To provide strategic direction and guidance to the sponsor.

Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance to the sponsor. c. To manage the project team in all daily activities. d. To receive and consider daily reports from team members.

Description : Which one of the following is a responsibility of the project steering group/board?  a. To identify potential problems for the project team to solve.  b. To provide strategic direction and ... project team in all daily activities. d. To receive and consider daily reports from team members.

Last Answer : b. To provide strategic direction and guidance to the sponsor.

Which statement best describes a responsibility of the project manager: a. to be the sole source of expertise for estimating techniques on cost and time. b. to deliver the project objectives to enable benefits to be realised. c. to take ultimate accountability for the delivery of the business benefits. d. to delegate all accountability for managing time, cost and quality to team leaders.

Description : Which statement best describes a responsibility of the project manager: a. to be the sole source of expertise for estimating techniques on cost and time. b. to deliver the project objectives to ... benefits. d. to delegate all accountability for managing time, cost and quality to team leaders.

Last Answer : b. to deliver the project objectives to enable benefits to be realised.

Which statement best describes a responsibility of the project manager: a. to be the sole source of expertise for estimating techniques on cost and time. b. to deliver the project objectives to enable benefits to be realised. c. to take ultimate accountability for the delivery of the business benefits. d. to delegate all accountability for managing time, cost and quality to team leaders.

Description : Which statement best describes a responsibility of the project manager: a. to be the sole source of expertise for estimating techniques on cost and time.  b. to deliver the project objectives to ... benefits.  d. to delegate all accountability for managing time, cost and quality to team leaders.

Last Answer : b. to deliver the project objectives to enable benefits to be realised.

A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor’s responsibilities. c. allocate risk management response activities to project personnel. d. allocate work packages to those responsible for project work.

Description : A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor's responsibilities. c ... response activities to project personnel. d. allocate work packages to those responsible for project work.

Last Answer : d. allocate work packages to those responsible for project work.

A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor’s responsibilities. c. allocate risk management response activities to project personnel. d. allocate work packages to those responsible for project work.

Description : A Responsibility Assignment Matrix (RAM) can be used to:  a. define the terms of reference of the project manager.  b. define the limits of the project sponsor's responsibilities.  ... response activities to project personnel.  d. allocate work packages to those responsible for project work.

Last Answer : d. allocate work packages to those responsible for project work.

Which one of the following is true for the Project Management Plan (PMP)? a. The Project Management Plan is developed by the project manager and team and owned by the sponsor. b. A draft of the Project Management Plan is developed by the sponsor at the same time as the business case. c. The Project Management Plan is developed by the sponsor and owned by the project manager. d. The Project Management Plan is developed by the project manager and team and owned by the project manager.

Description : Which one of the following is true for the Project Management Plan (PMP)? a. The Project Management Plan is developed by the project manager and team and owned by the  sponsor. b. A ... The Project Management Plan is developed by the project manager and team and owned by the project manager.

Last Answer : d. The Project Management Plan is developed by the project manager and team and owned by the project manager.

Which one of the following statements is true? a. The business case is owned by the sponsor and is created during the concept phase of the project life cycle. b. The business case is owned by the project manager and is created during the concept phase of the project life cycle. c. The business case is owned by the sponsor and is created during definition phase of the project life cycle. d. The business case is owned by the project manager and is created during the definition phase of the project life cycle.

Description : Which one of the following statements is true? a. The business case is owned by the sponsor and is created during the concept phase of the project life  cycle. b. The business case is ... is owned by the project manager and is created during the definition phase of the  project life cycle.

Last Answer : a. The business case is owned by the sponsor and is created during the concept phase of the project life  cycle.

The project manager works with the project sponsor to identify the necessary resources and team members needed to further develop the key project parameters – Cost, Scope, Schedule, and Quality (CSSQ). (True/False)

Description : The project manager works with the project sponsor to identify the necessary resources  and team members needed to further develop the key project parameters – Cost, Scope,  Schedule, and Quality (CSSQ). (True/False)

Last Answer : Ans. True

Which one of the following is true for the Project Management Plan (PMP)? a. The Project Management Plan is developed by the project manager and team and owned by the sponsor.b. A draft of the Project Management Plan is developed by the sponsor at the same time as the business case. c. The Project Management Plan is developed by the sponsor and owned by the project manager. d. The Project Management Plan is developed by the project manager and team and owned by the project manager.

Description : Which one of the following is true for the Project Management Plan (PMP)?  a. The Project Management Plan is developed by the project manager and team and owned by the  sponsor. b. ... Management Plan is developed by the project manager and team and owned  by the project manager.

Last Answer : d. The Project Management Plan is developed by the project manager and team and owned  by the project manager.

Which one of the following statements is true?a. The business case is owned by the sponsor and is created during the concept phase of the project life cycle. b. The business case is owned by the project manager and is created during the concept phase of the project life cycle. c. The business case is owned by the sponsor and is created during definition phase of the project life cycle. d. The business case is owned by the project manager and is created during the definition phase of the project life cycle.

Description : Which one of the following statements is true? a. The business case is owned by the sponsor and is created during the concept phase of the  project life cycle.  b. The business case is ... is owned by the project manager and is created during the definition phase of the project life cycle.

Last Answer : a. The business case is owned by the sponsor and is created during the concept phase of the  project life cycle.

)The Project manager should be able to fulfill the role of: 1. an integrator 2. a functional manager 3. a line manager 4. a sponsor

Description : )The Project manager should be able to fulfill the role of: 1. an integrator  2. a functional manager  3. a line manager  4. a sponsor

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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.

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. ensure ... 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.

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.

Following is(are) the responsibility(ies) of the project manager. (A) Budgeting and cost control (B) Allocating resources (C) Tracking project expenditure

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Description : The decision to request an increase the resources for a project is the responsibility of the: 1. Functional manager  2. Project manager  3. Director of project management  4. Customer

Last Answer : 2. Project manager

)A new project was initiated that involves new technology and subsequently has never been done before. What type of contract would to owner want to issue to reduce or eliminate as much risk as possible. 1. Firm fixed price 2. Cost plus fix fee 3. Cost plus incentive fee 4. Lump sum 5. A and D

Description : )A new project was initiated that involves new technology and subsequently has never been  done before. What type of contract would to owner want to issue to reduce or eliminate as much  risk as possible. 1. Firm ... 2. Cost plus fix fee  3. Cost plus incentive fee  4. Lump sum  5. A and D

Last Answer : 5. A and D

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.

What should be done by the project manager to ensure that all the work in the project is included? Select one: a. Create a contingency plan. b. Create a risk management plan. c. Create a WBS. d. Create a statement of work. e. Create a scope statement.

Description : What should be done by the project manager to ensure that all the work in the  project is included? Select one: a. Create a contingency plan. b. Create a risk management plan. c. Create a WBS. d. Create a statement of work. e. Create a scope statement.

Last Answer : c. Create a WBS.

You are working in CareerRide as a project manager. What will you do to minimize the risk of failure? a. Request a large budget b. You will increase the team size c. Track progress d. None of the above

Description : You are working in CareerRide as a project manager. What will you do to minimize the risk of failure? a. Request a large budget b. You will increase the team size c. Track progress d. None of the above

Last Answer : c. Track progress

Once the logic of a network is laid out, the project manager will conduct a forward pass and a backward pass through the network. This will provide information regardiC. Resource shortages, high risk activities D. The high risk activities, non-critical pathng ______ and will identify the________. A. The total duration of the project, critical path B. The slack for each activity, high risk activities

Description :  Once the logic of a network is laid out, the project manager will conduct a forward  pass and a backward pass through the network. This will provide information regarding  ______ and will identify ... C. Resource shortages, high risk activities D. The high risk activities, non-critical path

Last Answer : A. The total duration of the project, critical path

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 a change has been requested what is the next step in the change control process? a. Evaluate the change. b. Advise the sponsor. c. Update the change log. d. Update the project plan.

Description : Once a change has been requested what is the next step in the change control process? a. Evaluate the change. b. Advise the sponsor. c. Update the change log. d. Update the project plan.

Last Answer : a. Evaluate the change.

. An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ensure acceptance of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified.

Description : . An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ... of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified.

Last Answer : b. capture learning and document it for future usage.

Which one is a true statement relating to project communications? a. A project sponsor is responsible for all communication methods and media. b. Different stakeholders typically have different communication needs. c. It is best to have a standard set of project reports used for every project. d. Email is the only way to communicate with large numbers of people.

Description : Which one is a true statement relating to project communications? a. A project sponsor is responsible for all communication methods and media. b. Different stakeholders typically have different communication needs ... project. d. Email is the only way to communicate with large numbers of people.

Last Answer : b. Different stakeholders typically have different communication needs.

A communication management plan identifies the relevant information that should be communicated to: a. the project team. b. the project stakeholders. c. the project board. d. the project sponsor.

Description : A communication management plan identifies the relevant information that should be communicated to: a. the project team. b. the project stakeholders. c. the project board. d. the project sponsor.

Last Answer : b. the project stakeholders.

Which one is a true statement relating to project communications? A. A project sponsor is responsible for all communication methods and media. B.Different stakeholders typically have different communication needs. C. It is best to have a standard set of project reports used for every project. D. Email is the only way to communicate with large numbers of people

Description : Which one is a true statement relating to project communications?  A. A project sponsor is responsible for all communication methods and media.  B.Different stakeholders typically have different communication ... project.  D. Email is the only way to communicate with large numbers of people

Last Answer : B.Different stakeholders typically have different communication needs

A Communications Management Plan does the following: A. Coordinates an effort to communicate in meetings effectively B. Lays out a plan on how to communicate with your Project Sponsor and other organizations C. Lays out the approach and method for delivering information effectively and efficiently. D. Coordinates the communication between project leaders and uninterested project members

Description : A Communications Management Plan does the following:  A. Coordinates an effort to communicate in meetings effectively B. Lays out a plan on how to communicate with your Project ... and  efficiently. D. Coordinates the communication between project leaders and uninterested project  members

Last Answer : C. Lays out the approach and method for delivering information effectively and  efficiently.

Once a change has been requested what is the next step in the change control process? a. Evaluate the change. b. Advise the sponsor. c. Update the change log. d. Update the project plan

Description : Once a change has been requested what is the next step in the change control process?  a. Evaluate the change.  b. Advise the sponsor.  c. Update the change log.  d. Update the project plan

Last Answer : a. Evaluate the change.

An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ensure acceptance of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified

Description : An important aim of a post-project review is to:  a. validate overall progress to date against the budget and schedule.  b. capture learning and document it for future usage.  c. ... of all permanent documentation, signed by the sponsor.  d. establish that project benefits have been identified

Last Answer : b. capture learning and document it for future usage.

Which one is a true statement relating to project communications? a. A project sponsor is responsible for all communication methods and media. b. Different stakeholders typically have different communication needs. c. It is best to have a standard set of project reports used for every project. d. Email is the only way to communicate with large numbers of people.

Description : Which one is a true statement relating to project communications?  a. A project sponsor is responsible for all communication methods and media.  b. Different stakeholders typically have different communication ... project.  d. Email is the only way to communicate with large numbers of people.

Last Answer : b. Different stakeholders typically have different communication needs.

A communication management plan identifies the relevant information that should be communicated to: a. the project team. b. the project stakeholders. c. the project board.d. the project sponsor.

Description : A communication management plan identifies the relevant information that should be  communicated to:  a. the project team.  b. the project stakeholders.  c. the project board. d. the project sponsor.

Last Answer : b. the project stakeholders.

When a project manager starts to plan a new project budget, the cost of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning

Description : When a project manager starts to plan a new project budget, the cost  of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning

Last Answer : d. Closing

The Project charter is created by: 1. The project manager 2. Upper management 3. The Vice President over a functional management group 4. The customer

Description : The Project charter is created by: 1. The project manager  2. Upper management  3. The Vice President over a functional management group  4. The customer

Last Answer : 2. Upper management

Who should take the most responsibility for clear and effective communication? A. The Communications Manager B. The sender and the receiver C. The sender D. The receiver

Description : Who should take the most responsibility for clear and effective communication?  A. The Communications Manager B. The sender and the receiver C. The sender D. The receiver

Last Answer : B. The sender and the receiver

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.

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.

The project closing process is essential to overall project planning. What is considered one of the most important steps in closing the project? 1. Insuring that plans are produced to implement the project by phases. 2. Issuing work orders so that financial data can be collected. 3. Transition the lease of equipment to the owner 4. Satisfying the contractual obligations

Description : The project closing process is essential to overall project planning. What is considered one of  the most important steps in closing the project? 1. Insuring that plans are produced to implement ... .  3. Transition the lease of equipment to the owner  4. Satisfying the contractual obligations

Last Answer : 4. Satisfying the contractual obligations

Which structure shows the reporting relationships and communications channels for a project? a. Work Breakdown Structure. b. Organizational Breakdown Structure. c. Product Breakdown Structure. d. Responsibility assignment structure.

Description : Which structure shows the reporting relationships and communications channels for a project? a. Work Breakdown Structure. b. Organizational Breakdown Structure. c. Product Breakdown Structure. d. Responsibility assignment structure.

Last Answer : b. Organizational Breakdown Structure.

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.

Description : 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 ... . 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.

Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is responsible for each activity C. Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

Description : Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is ... . Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

Last Answer : C. Text description of roles, responsibilities, authorities

Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Description : Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Last Answer : C. Resource Breakdown Structure

Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is responsible for each activity C. Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

Description : Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is ... . Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

Last Answer : C. Text description of roles, responsibilities, authorities