Identify strategies to mitigate cost risk which of the following is the best strategy to mitigate cost risk Study guides, Class notes & Summaries

APM - PFQ (PFQ) Practice Tests/ APM PFQ Exam Questions & Answers Test Bank_2023. Which of the following is not a stage in an issue resolution process? a. Share the issue with stakeholders. b. Track the issue to closure. c. Escalate to the sponsor. d. Apply change control. Which of the following are challenges for a project manager developing and leading a project team? 1) Issues and incompatibility amongst team members 2) Getting the right skills and attributes amongst team me...

DRII CBCP Exam Latest Update with Verified Solutions 1. Being able to answer the question, "What is important to your business?" is part of what process? A. Gaining senior management support B. Getting an executive sponsor C. Developing a budget D. Defining a business continuity problem statement D. Defining a business continuity problem statement 2. What is the value of a BCM policy statement? A. It forces middle management to comply with senior directives B. It shows employees how to d...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

Defense Acquisition University: ACQ- ACQ 1010 All modules Exams 1-10 Answered and graded 100% score; Latest Fall 2022. Test – ACQ 1010 Module 1 Exam: Systems Acquisition Management Overview 1. Select the Department of Defense’s (DoD’s) decision-support system described as: “this is the process by which the Department of Defense (DoD) identifies, assesses and prioritizes the capabilities the military requires to fulfill its mission and is often referred to as the requirements generat...

CLC 056 Analyzing Contract Costs Exam (98% grade). Identify strategies to mitigate cost risk Which of the following is the best strategy to mitigate cost risk?  Conduct adequate market research prior to entering negotiations Differentiate between the measures of central tendency and the methods for measuring dispersion When given a set of data that appears to contain outliers, which measure of central tendency is most appropriate to use?  Median Determine if an exception to the Tru...

CAPM Practice 172 Questions with Verified Answers Which of the following is a tool or technique used in the monitor communications process? - CORRECT ANSWER interpersonal and team skills what is the definition of work package? - CORRECT ANSWER the work defined at the lowest level of the work breakdown structure or which cost and duration are estimated and managed what is the best definition of project quality management? - CORRECT ANSWER the process of incorporating the organization's ...

CISA Study Guide Exam 427 Questions with Verified Answers Most important step in risk analysis is to identify a. Competitors b. controls c. vulnerabilities d. liabilities - CORRECT ANSWER c. vulnerabilities In a risk based audit planning, an IS auditor's first step is to identify: a. responsibilities of stakeholders b. high-risk areas within the organization c. cost centre d. profit centre - CORRECT ANSWER b. high-risk areas within the organization When developing a risk-...

Which of the following is not a stage in an issue resolution process? a. Share the issue with stakeholders. b. Track the issue to closure. c. Escalate to the sponsor. d. Apply change control. A Which of the following are challenges for a project manager developing and leading a project team? 1) Issues and incompatibility amongst team members 2) Getting the right skills and attributes amongst team members 3) Co-location of team members in the same geographic area 4) Lack of account...

CAPM Practice Exam 260 Questions with Verified Answers 3 things that describe role of a PM ?? - CORRECT ANSWER 1. responsible for the final result of the team 2. need to integrate multiple disciplines 3. communicate with team Cost Management Plan has these 3 characteristics - CORRECT ANSWER 1. describes how project costs will be planned, structured, & controlled 2. may specify level of precision, degree to which activity cost estimates will be rounded up or down 3. may specify varia...

SPHR Leadership & Strategy Exam 127 Questions with Verified Answers As the result of an HR audit you conducted to assess risk in your new HR management position, it is clear that several business practices are out of compliance. Which of the following is your best first step toward managing the risk? A. Identify the most obvious abusers, and terminate or demote them to demonstrate a good faith effort toward compliance. B. Train all employees and managers about expected standards of behavi...