Practice Live Questions - S5

Early in the life of your project, you are having a discussion with the sponsor about what estimating techniques should be used. You want a form of expert judgment, but the sponsor argues for analogous estimating. It would be BEST to:

• Agree to analogous estimating, as it is a form of expert judgment

• Suggest life cycle costing

• Determine why the sponsor wants such an accurate estimate

• Try to convince the sponsor to allow expert judgment because it is typically more accurate.

You are the program level manager with several project activities underway. In the executing process group, you begin to become concerned about the accuracy of progress reports from the projects. What would BEST support your opinion that there is a problem?

• Regression Analysis

• Risk Quantification Reports

• Monte Carlo Analysis

• Quality Audits

During risk management activities, 236 risks have been identified which are caused by 13 root causes. You could eliminate the 234 risks by your risk management activities. For remaining 2 risks, you, together with your team, could not find a way to mitigate or insure the risks. Also these 2 risks cannot be outsourced or removed from project scope. What is the best solution?

• Mitigate the risk

• Accept the risk

• Avoid the risk

• Transfer the risk

You are managing a software upgrade project for your company. Your project sponsor has a great deal of authority regarding project decisions, but you recently discovered that he doesn't have much interest in your project. To complete the project successfully, you need your project sponsor's continuous support.

What stakeholder management strategy should you use with your project sponsor?

• Keep the sponsor satisfied

• Manage the sponsor closely

• Monitor the sponsor's actions

• Keep the sponsor informed

John is a project manager of a complicated project. When he started creating a work breakdown structure for his project, he realized that it is too complex to complete work breakdown structure on a single sheet. You, as a colleague of John, recommend using a work breakdown structure numbering system to John to:

• Determine the complexity of the project

• Help in automating the WBS using appropriate software

• Provide a hierarchical structure for each WBS element

• Present risks of the project

Which statement describes best the purpose of the communications management plan?

• The project management plan is a subsidiary document of the overall communications management plan.

• The communications management plan describes rules of behavior and respect for communications in cross-cultural teams.

• The communications management plan describes the information delivery needs including format and level of detail.

• The communications management plan focuses on the use of communications technologies by the project management team

When identifying the basis of the business need for a project all of the following can be considered except____,

• Regular plant maintenance

• Market demands

• Technological advances

• Legal requirements