Project Management - C722 (UNIT
6) Questions with Accurate
Answers
___________________ is a key document that will be used for cost
estimates, time estimates, risk identification, and resource assignment
correct answer Work Breakdown Structure (WBS)
______________is an amount added to the overall project budget to
cover unknown risks. correct answer management reserve
Correct! A management reserve is an amount added to the overall
project budget to cover unknown risks
A ______________________________ is a characteristic, function, or
capability that must be present in the project final outcome.
project scope statement
project requirement
project deliverable correct answer Correct! A project requirement is a
characteristic, function, or capability that must be present in the
project final outcome.
,A ___________is a characteristic, function, or capability that must be
present in the project final outcome. correct answer A project
requirement
A successful project begins with what? correct answer a clear
understanding between the customer, or sponsor, and the project team
regarding what the project will accomplish
Analyzing risks is part of risk control or assessment? correct answer
Correct! Analyzing risks is part of risk assessment.
As a project manager, when you come to a cliff and decide to mitigate
the risk, you ________.
use a parachute or a hang glider for a soft landing.
take all the responsibility and jump off the cliff yourself.
walk away from the cliff.
let someone on your team jump off the cliff. correct answer use a
parachute or a hang glider for a soft landing.
Correct! When you mitigate a problem, you want to help the team
survive the risk by deferring or reducing the impact.
,As a project manager, which strategy for responding to risks should be
your first consideration, keeping in mind it is usually also the most
expensive?
Mitigate the problem.
Avoid risk.
Transfer the responsibility.
Accept risk. correct answer Avoid the Risk
Correct! Avoiding risk in the first place should be your first choice if you
can afford it.
Creating the project scope statement is a(n) __________________
between the project team and the customer
informal agreement
iterative process
linear process correct answer iterative process
Correct! Creating the project scope statement is an iterative process
between the project team and the customer.
, During detailed planning, situations may be identified that require that
the project scope statement be modified.
True or False correct answer True
Correct! During detailed planning, situations may be identified which
require that the project scope statement be modified. However, at the
conclusion of the planning phase, the project scope statement and
project plan are approved and will not be changed without the
agreement of both the customer and the project manager.
During which phase does scope verification occur?
Planning
Closing
Defining
Executing correct answer Closing
Correct! Scope verification occurs in the closing phase.
Examples of objectives that the WBS is used to achieve include
organizing a project's resources, showing milestones for communicating
progress, and ______________
6) Questions with Accurate
Answers
___________________ is a key document that will be used for cost
estimates, time estimates, risk identification, and resource assignment
correct answer Work Breakdown Structure (WBS)
______________is an amount added to the overall project budget to
cover unknown risks. correct answer management reserve
Correct! A management reserve is an amount added to the overall
project budget to cover unknown risks
A ______________________________ is a characteristic, function, or
capability that must be present in the project final outcome.
project scope statement
project requirement
project deliverable correct answer Correct! A project requirement is a
characteristic, function, or capability that must be present in the
project final outcome.
,A ___________is a characteristic, function, or capability that must be
present in the project final outcome. correct answer A project
requirement
A successful project begins with what? correct answer a clear
understanding between the customer, or sponsor, and the project team
regarding what the project will accomplish
Analyzing risks is part of risk control or assessment? correct answer
Correct! Analyzing risks is part of risk assessment.
As a project manager, when you come to a cliff and decide to mitigate
the risk, you ________.
use a parachute or a hang glider for a soft landing.
take all the responsibility and jump off the cliff yourself.
walk away from the cliff.
let someone on your team jump off the cliff. correct answer use a
parachute or a hang glider for a soft landing.
Correct! When you mitigate a problem, you want to help the team
survive the risk by deferring or reducing the impact.
,As a project manager, which strategy for responding to risks should be
your first consideration, keeping in mind it is usually also the most
expensive?
Mitigate the problem.
Avoid risk.
Transfer the responsibility.
Accept risk. correct answer Avoid the Risk
Correct! Avoiding risk in the first place should be your first choice if you
can afford it.
Creating the project scope statement is a(n) __________________
between the project team and the customer
informal agreement
iterative process
linear process correct answer iterative process
Correct! Creating the project scope statement is an iterative process
between the project team and the customer.
, During detailed planning, situations may be identified that require that
the project scope statement be modified.
True or False correct answer True
Correct! During detailed planning, situations may be identified which
require that the project scope statement be modified. However, at the
conclusion of the planning phase, the project scope statement and
project plan are approved and will not be changed without the
agreement of both the customer and the project manager.
During which phase does scope verification occur?
Planning
Closing
Defining
Executing correct answer Closing
Correct! Scope verification occurs in the closing phase.
Examples of objectives that the WBS is used to achieve include
organizing a project's resources, showing milestones for communicating
progress, and ______________
