PMI-RMP Certification Training - Risk-Related Contract Decisions and Project Management

Interactive Video
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Information Technology (IT), Architecture, Business
•
University
•
Hard
Wayground Content
FREE Resource
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus when selecting a contract type in relation to risk?
Project duration
Cost minimization
Risk transference
Stakeholder satisfaction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT typically updated in the project management plan due to risk response strategies?
Project schedule
Resource allocation
Marketing strategy
Work breakdown structure
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to update project documents like the assumptions log?
To ensure all team members are aware of changes
To increase project costs
To reduce the number of stakeholders
To delay project timelines
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in creating a risk response plan?
Examining each identified risk
Allocating resources
Identifying backup strategies
Developing contingency plans
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be included in a contingency plan?
Cost and schedule reserves
Marketing strategies
Stakeholder feedback
Project milestones
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When should a contingency plan be enacted?
When the budget is approved
When the project starts
When the risk trigger occurs
When the project ends
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of consulting the risk management plan when creating a risk response plan?
To determine the project's marketing strategy
To select project team members
To understand the content and format of the risk response plan
To finalize the project budget
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