- A.Having a war room
- B.Using a tight matrix
- C.Being a good communication blocker
- D.Being a communication expeditor
- E.Holding effective meetings
- A.Project archives, formal acceptance, and lessons learned
- B.Change requests, project records, and lessons learned
- C.Lessons learned, performance reports, and change requests
- D.Communication management plans, change requests, and project archives
- E.None of the above
- A.Be as brief as possible and emphasize the practicality of his or her ideas
- B.Provide options, including the pros and cons
- C.Stress the relationships between his or her proposals and the people concerned
- D.Remain patient if the other person goes off on tangents
- E.Speak as quickly as possible to ensure that all the information is conveyed
- A.Reduced productivity
- B.Increased hostility
- C.Low morale
- D.Increased conflict
- E.Increased stress
- A.Mimic the content of the message
- B.Probe, then content, then advise
- C.Evaluate the content, then advise
- D.Rephrase the content and reflect the feeling
- E.None of the above
- A.Ensure that all communication is clear and understood
- B.Speak or write as he or she would like to be spoken or written to
- C.Have the project team prepare a project communication plan
- D.Ensure that team members have the information needed to do their work
- E.Ensure that team members have the tools available to facilitate
- A.Group oppression
- B.Groupspeak
- C.Groupthought
- D.Groupthought
- E.Groupgrope
- A.Stakeholder analysis
- B.Communication skills
- C.Information retrieval systems
- D.None of the above
- A.Sponsor
- B.Customer
- C.Performing organization
- D.Senior management
- E.None of the above
- A.Bring everyone together frequently for meetings
- B.Conduct informal audioconference meetings regularly
- C.Hold a project kickoff meeting
- D.Set up an electronic yearbook that lists each team member’s accomplishments and background
- E.All the above
- A.4.5%
- B.45%
- C.48.5%
- D.55%
- A.37.5%
- B.40%
- C.3.75%
- D.Not enough information provided
- A.Certainty
- B.Uncertainty
- C.Risk
- D.Risk adversity
- E.None of the above
- A.Assigned a risk exposure index of 0.8 pending further resolution of the risk exposure
- B.Ignored until additional information can be obtained to resolve the actual risk exposure
- C.Studied to determine alternatives that may have a high risk index, but are fully understood
- D.Resolved before project implementation, but must be resolved before starting that area of work
- E.Resolved before project implementation or the project must be delayed pending a better understanding of the situation
- A.No risk, abuses the equipment beyond fair usage
- B.No risk, assumes title to the equipment during the use period
- C.Risk, insures for damage or loss
- D.Risk, denies liability during the use period
- E.Risk, insures for the cost of lease, rental, or hire
- A.There is no advantage since the cost of the insurance equals the cost of the possible loss of the asset
- B.The insurance costs less than the expected value of the loss, so therefore it is best to purchase the insurance
- C.Not desirable since it costs more to purchase the insurance than the expected value of the loss
- D.Cannot determine form information provided
- A.Performing contingent plans
- B.Contracting to a sub-contractor
- C.Allowing the owner to perform the mitigation strategy since the contractor feels it was not called for in the contract
- D.Allowing the float in the schedule to take care of the risk
- A.Trade secret, technology
- B.Process secret, advanced technology
- C.Patent, copyright
- D.Trade name, trade secret
- E.Design and fabrication
- A.Nothing, the risk design is complete
- B.The risk probabilities need to be summed to determine the total project risk
- C.The risk events must be labeled as internal or external risk events
- D.The risk events do not address the technology used by the Boston project
- E.The impact of the risk on the project’s objectives has not been assessed and assigned
- A.Logic, cost estimates
- B.Logic, schedule estimates
- C.Certainty, cost estimates
- D.Uncertainty, schedule estimates
- E.Certainty, schedule estimates
- A.Larger, greater
- B.Larger, lesser
- C.Smaller, greater
- D.Smaller, normalcy
- A.Play down the risk and the team will find a means of overcoming any failure
- B.Place special emphasis on the risk event to intensely manage that item and all interfacing items
- C.Have the risk assessment team continue to analyze the risk event until it reduces the expected negative value
- D.Continue to search for an insurance company that would assume the risk
- E.Ignore the risk assessment because any assigned value is a point estimate which is never precisely the expected state of nature
- A.Thoroughly understand the project, the associated risks and the impact of risk on all parts of the project
- B.Develop risk mitigation strategies for dealing with issues identified
- C.Ensure all identified risk issues are incorporated into project planning
- D.Identify alternatives which may exist
- A.The affects of variables within the project are well understood
- B.It allows for independent answers
- C.Management understands that there is a range of possible outcomes
- D.It provides insight into the project that the PM may be lacking
- E.A & C
- A.Multiplying the sum of each the risks times the amount at stake
- B.Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events
- C.Cannot be calculated since all risks are not known
- D.The amount of project reserves available
- A.$100,000
- B.$1,000
- C.$100
- D.$10,000
- A.Contract
- B.Specification
- C.Statement of work
- D.Work breakdown structure
- E.Network programming diagram
- A.Observations on the current project
- B.Determining the risk by using brainstorming techniques
- C.The use of historical data from previous projects that were similar in nature
- D.Sensitivity analysis
- E.Delphi technique
- A.Determining the probability
- B.Contingency effort
- C.Assessing the consequences and severity
- D.Screening
- A.Acting as a sounding board for clarification of critical issues.
- B.Setting ground rules and assumptions
- C.Outlining time, cost and performance constraints.
- D.Identifying and developing mitigation strategies for areas of risk.
- E.Establishing administrative policies
- A.Implementation
- B.Termination
- C.Conceptual
- D.Operational
- E.None of the above
- A.WBS
- B.Cost change control
- C.Scope change control
- D.Project schedule
- E.A & D
- A.Changes in quality of a vendor-provided component
- B.A beneficial change, which occurred after the scope was approved
- C.An error or omission is the product description
- D.A make or buy decision which was modified
- E.All of the above
- A.Approved budget
- B.Project schedule
- C.Human resource requirements
- D.Product description
- E.WBS
- A.$4,000
- B.$2,000
- C.$7,500
- D.$2,500
- A.Consider overtime work as part of the job
- B.Prepare a cost baseline
- C.Use earned value management to monitor performance
- D.Estimate and budget controllable and monitor performance
- A.-$1,000
- B._$6,772
- C.+$1,758
- D.+$6,772
- A.$150
- B.$1.500
- C.Cannot calculate from the information provided
- D.-$150
- A.The seller agrees to use his best effort to fulfill the contract within the estimated contract amount
- B.The seller agrees to perform a service or furnish supplies at the established contract price
- C.If the amount of the contract is exceeded the seller is not obligated to perform further unless the buyer increases the funds
- D.More risk is placed on the buyer
- A.Is performed when detailed information is available
- B.Is performed when little if any information is available
- C.Is used in the beginning of the project conceptualization
- D.B and C
- A.–$150
- B.$150
- C.-$50
- D.$50
- A.Whether to use skilled or unskilled laborers.
- B.The amount of profit vendors should make versus the profit other vendors have received in the past.
- C.Manufacturing in-house or sub-contracting ort the work.
- D.The importance of cost versus quality.
- A.The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project
- B.The process of assembling and predicting cots of project over its life cycle
- C.The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed
- D.The process of gathering, accumulating, analyzing, monitoring, reporting, and managing the costs on an on-going basis
- A.CV=BCWP-BCWS
- B.CV=BCWP-ACWP
- C.CV=SV/BCWS
- D.A and C
- A.Cost plus fixed fee
- B.Fixed price
- C.Fixed price plus incentive fee
- D.B and C
- A.Highest
- B.Lowest
- C.Major work effort
- D.Third
- A.Preliminary
- B.Definitive
- C.Order of magnitude
- D.Conceptual
- A.The WBS allows the project manager to delegate responsibility of all of the project activities
- B.The WBS is a narrative description of the work required for the project
- C.The WBS describes the total program as a summation of subdivided elements
- D.The WBS is a statement of what will be made, how many units will be made, and when they will be made
- A.Accelerated costs
- B.Cost growth
- C.Cost escalation
- D.Cost overrun
- E.Cost risk
- A.The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project
- B.The process of assembling and predicting costs of a project over its life cycle
- C.The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed
- D.The process of gathering, accumulating, analyzing, monitoring, reporting, and managing the costs on an on-going basis
- A.$21,000
- B.$30,000
- C.$35,000
- D.$39,000
- E.$51,000
- A.Preqare unique terms and conditions
- B.Tailor an existing contract
- C.Use standard clauses whenever possible
- D.Avoid using contractual documents
- E.None of the above
- A.Make-or -buy analysis, expert judgment, and contract type selection
- B.Fixed-price, cost-reimbursement, and unit-price contracts
- C.Cost and schedule estimates, invoice processing, and cash flow projections
- D.Scope statement, change management, and marketing analysis
- E.Contract type selection, negotiation, and cash flow projections
- A.Offer
- B.Acceptance
- C.Consideration
- D.Pricing structure
- E.Legality of purpose
- A.Fixed-price
- B.Cost-reimbursement
- C.Unit-price
- D.a & b
- E.a, b, & c
- A.Compensatory damages
- B.Punitive damages
- C.Specific performance
- D.Liquidated damages
- E.All the above
- A.Each project manager has control over the contracting process for his or her project
- B.The project manager controls contract award
- C.The contracting person appointed to the project is available and under the project manager's direct control
- D.Contracting is tailored to a single project
- E.All above
- A.Insurance premiums
- B.Weekly payrolls
- C.Incremental earnec
- D.Subcontractors, laborers, and suppliers of material
- E.Damages for accidents caused
- A.Positive
- B.Negative
- C.Nomi
- D.Reverse
- E.Risk-prone