Chapter 3. Develop a project plan

Risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives.

• True

• False

What are the lowest level tasks in the Work Breakdown Structure?

• Summary tasks

• Work packages

• Work activities

When creating a WBS, you should use which method:

• Top-down

• Bottom-up

• Either A or B

• None of the above-you shouldn’t be creating a WBS, just use Smart Sheet

The activities you should do to manage project risk are:

• Plan your risk plan, then identify, quantify, analyze, develop plans, monitor and control.

• Throw a bunch of money in a risk slush fund and use it as needed, then if it isn’t used, you can throw a fantastic party!

• Some projects don’t have risks, so only make plans when absolutely necessary.

How often should a status meeting ideally be held to catch up on people's progress?

• Once a week

• Every day

• Once a month

• None are needed as long as you keep in touch via email

A project schedule is built by estimating activity__

• Level

• Resources

• Budget

• Duration

Which type of contract places the risk on the vendor?

• Time and materials contracts

• Fixed-price contracts 

• A cost-plus contract

What is the best way to get your project plan approved?

• Mailing your packages

• Email your project plan

• Schedule the meeting

Things like weather delays, or resources being unavailable belong to which kind of risk?

• Known unknows

• Unknown unknows

Which one does not belong to the components of a quality management plan?

• Standards

• Assurance

• Budget

• Control