5 Written questions
5 Matching questions
- Information Distribution Methods
- Work Results
- Performance Reviews
- a The expected cost needed to complete all the remaining work for a schedule activity, work break down structure component, or the project.
- b Methods used to distribute information to team members and other stakeholders.
- c Factors that, for planning purposes, will be considered true, real or certain.
- d Meetings held to assess project status and/or progress.
- e An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters, such as scope, cost, budget, and duration. An example for the cost parameter is multiplying the planned quantity of work to be performed by the historical cost per unit to obtain the estimated cost.
5 Multiple choice questions
- Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
- An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps identify the cause of variation, so that schedule recovery can be planned and executed for the activities defined later in the schedule.
- Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of other procurement contracts of the project, or of other projects within the performing organization.
- If the performing organization does not have a formal contracting group, then the project team will have to supply both the resources and expertise to support procurement activities
- This is done to take care of risks that were not identified in the risk response plan, or their impact on objectives is greater than expected.
5 True/False questions
Mitigation → Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Organizational Policies → Formal and informal policies that are required for project plan development. Organizational policies include quality management, personnel administration and financial controls.
Project Records → It can include correspondence, memos, meeting minutes, and documents describing the project.
Re-baselining → Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe, re-baselining is needed to provide a realistic measure of performance.
Forecasting → Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.