WGU Project Management 7 exam with correct answers

WGU Project Management 7 exam |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




with correct answers |||\\\ |||\\\




Your project has a potential for a future risk event. The sponsor has told you that the
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organization cannot sustain the consequences of this risk. You recommend purchasing |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




insurance so that if the risk event occurs, the organization can recoup their expenditures for
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the impacts of the risk. What risk strategy is this known as?
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A: Accept
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B: Mitigate
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C: Avoid
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D: Transfer - correct answer✔✔Transfer
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You are developing a bottom-up estimate for the first phase of your project. Which of the
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following is the most important input to complete this task? |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




A: The scope statement
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B: The WBS
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C: Chart of accounts
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D: Historic data from a similar project - correct answer✔✔The WBS
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Your project task is complex and you decide to use a three-point estimating technique. Which
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of the following options determine the three-point estimate? Choose three.
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A: Rate estimate
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, B: Resource estimate
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C: Pessimistic estimate
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D: Materials estimate
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E: Work package level estimate
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F: Quantity estimate
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G: Most likely estimate
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H: Optimistic estimate - correct answer✔✔Pessimistic estimate
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Most likely estimate |||\\\ |||\\\




Optimistic estimate |||\\\




The total time it will take for one person to complete a task from beginning to end without
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taking into account holidays, time off, or other project work is known as:
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A: parametric estimate.
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B: duration estimate.
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C: work effort estimate.
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D: bottom-up estimate. - correct answer✔✔Work effort estimate.
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The risk register typically contains several pieces of information. Which of the following would
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you expect to see on a risk register? Choose three.
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A: Resource costs to track risks
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B: Cost estimate for response plan
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C: Risk score
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D: Description of risk
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