QUESTIONS AND
CORRECT ANSWERS
GRADED A+ 2025-2026
Risk transference nearly often involves: - ANS-Payment of a risk premium to the party
taking on the risk
Which project schedule model displays start and end dates, as well as expected
durations? - ANS-Bar Chart (Gantt Chart)
All of the following are characteristics of the project charter EXCEPT:
1. It provides the project manager with the authority to apply organizational resources
to project activities. 2. It is used primarily to request bids for a project or a specific
phase of a project. 3. Projects are initiated by an entity external to the project. The
project initiator or sponsor should be at the level that is appropriate to procure
funding and commit resources to the project. 4. It formally authorizes the existence of
a project. - ANS-It is used primarily to request bids for a project or a specific phase of
a project.
Which of the following are tools and techniques of the Control Scope process? - ANS-
Data Analysis (Variance Analysis, Trend Analysis)
The monitor stakeholder engagement process entails what? - ANS-Monitor Stakeholder
Engagement is the process of monitoring project stakeholder relationships and