Solutions
A mobile device manufacturer is halfway through prototyping a
new product when the supplier who provides one of the raw
materials used to manufacture their device casings declares
bankruptcy and goes out of business. The team had not foreseen
this problem during project planning.
Which of the following best describes a process that may not
have been performed comprehensively in this scenario?
A
Perform qualitative risk analysis
B
Monitor risks
C
Identify risks
D
Plan risk management Correct Answers Correct answer:
Identify risks
The identify risks process is used to identify potential project
risks individually as well as overall risks to the project in
general. The characteristics of the risks are documented so that
they can be analyzed (perform qualitative and perform
quantitative risk analysis processes) and planned for (plan risk
responses). Without proper identification of risks before they are
realized, they cannot be planned for, and responses are often
pressured by time and cost constraints.
,Plan risk management is incorrect, as it refers to the process
when the methods of conducting risk management activities for
a project are determined.
Perform qualitative risk analysis is incorrect, as it prioritizes
individual risks for deeper analysis due to factors like
probability of occurrence and impact to the project.
Monitor risks is incorrect, as it tracks the implementation of the
planned risk management activities.
A project manager has been asked by a senior stakeholder to
implement some changes to the project. In evaluating the
situation and talking to the upper leadership team, the team
agreed to proceed forward with the processes to implement the
change. At what point should the project manager evaluate the
impact of a requested change?
A
First, before any other action is started
B
After the change request is approved
C
After they get the customer to buy in on the change
D
After they find a way to save time by implementing the change
Correct Answers Correct answer: First, before any other action
is started
The project manager should evaluate the impact of a requested
change before taking any other action. The project manager
should follow these steps regarding requested changes:
,Evaluate the impact
Create options
Get the change request approved
Get customer buy-in
After conducting a cost-benefit analysis, it is determined that the
project you are working on will increase company sales by 15%
over the next three years. The organization has set a goal to
increase sales by 12% within the next three years. This project
fits into what?
A
The company's business need for the project
B
The company's strategic plan
C
The product scope description
D
The project statement of work Correct Answers Correct answer:
The company's strategic plan
The strategic plan documents the organization's strategic vision,
goals, and objectives and may contain a high-level mission
statement. All projects should be aligned with their
organization's strategic plan. Strategic plan alignment ensures
that each project contributes to the overall objectives of the
organization.
In this case, the organization has announced it would like to see
a 12% increase in sales over the next three years, and
completing this project will exceed that organizational goal.
, Bai is the project manager in charge of a team very diverse in
skill sets and expertise. She works with the HR manager to add
each team member's newly acquired skills to their human
resource records. What process group will best identify where
the project manager is currently in?
A
Closing
B
Monitoring & Controlling
C
Planning
D
Executing Correct Answers Correct answer: Closing
The project manager is in the closing process group when they
are working with the HR manager to add the newly acquired
skills of each team member to the team members' human
resource records. Closing is those processes performed to
formally complete or close a project, phase, or contract.
At project or phase closure, the following may occur:
Obtain acceptance by the customer or sponsor to formally close
the project or phase
Conduct post-project or phase-end review
Record impacts of tailoring to any process
Document lessons learned
Apply appropriate updates to organizational process assets
Archive all relevant project documents in the Project
Management Information System (PMIS) to be used as
historical data