Project Controls PC 10 Rev 01

What If Scenario includes industry best practice by evaluating?

• Improved supply chain management

• Efficient Risk Responses

• Enhanced Opportunity Responses

• Simulate anything by anyone at anytime leading to enhanced performance.

• All options listed

What If scenario is limited to risk simulation only?

• True

• False

What If scenario due to the modern age and complexity of projects is heavily reliant on IT and software solutions to run multiple simulations which increases the speed and therefore response fro senior management.

• False

• True

• Senior Management are not involved in this process

• Senior Management carry out the What If process and then present to SME's or Industry Experts for opinion and advice.

• None of the options listed

Triangular and which other Distribution process can assist with evaluating Cost and Time simulation against a probability level of success and project tolerance?

• Drawdown

• Contingent

• Beta

• None of the options listed

Beta Distribution is also referred to as?

• PORT

• PART

• PERT

• None of the options listed

1) Modelling & Simulation (Monte Carlo, Probability & Impact Matrix, Critical Path, Chain , Strategies for Negative risks or threats & Strategies for Positive Risks or opportunities & Reserve Analysis).

2) Perform Quantitative Risk Analysis.

3) Expert Judgement.

4) Meetings.

Are all essential to which process within project controls?

• Pareto Process

• Fist of Five Process

• Impact Analysis

• Optimization Process

• All options Listed

Resource Optimization Includes which option?

• Levelling & Maturing

• Maturing & Normalizing

• Levelling & Smoothing

• Storming & Norming

Resource Smoothing ensures that the --------/----- of the project does not change?

• Change Process

• Risk Register

• Critical Path

• PDCA

Resource allocated work hours are always a concern and if they need to be levelled due to resource overallocation this will often effect the critical path as the --------------will need to be extended?

• CBS

• Communication Matrix

• Schedule

• Project Office Building

A project is due to last 3 days of which each working day is 8 hours. Tom has been allocated 6 tasks each has a duration of 6 hours, how long will the project actually take to complete?

• 4 Days

• 5.5 Days

• 4.5 Days

• 6 days