While planning your risk management, your team came up with 434 risks and 16 main causes of these risks. The project is the last in a series of projects on which the team will work together. The sponsor was highly motivated and a significant amount of time was invested to ensure the project charter was completed and signed by all key stakeholders. During the project planning phase, the team does not come up with an effective way to reduce or escape risk. It is not a job that can be outsourced or eliminated. The best solution is:

In which of the following contract types is the seller most involved in the scope of the project?

During which part of the contracting process does contract negotiation take place?

A PM is creating requests for proposal (RFP). What process of purchasing management is he in?

A customer on a project tells the PM that he has run out of money to pay for the project. What should the PM do first?

Negotiations between the two parties are becoming complicated, so party A makes some notes that both parties sign. However, when the work was completed, Party B affirmed that they did not request the provision of an item that both parties agreed on during the negotiation process, because it was not included in the next contract. In this case, party B:

You are assigned to manage a project that is halfway completed according to schedule. After an extensive review, you discover that the project is far behind schedule, and the project will likely take twice as long as the previous PM's original estimate. however, the sponsor has been told the project is on schedule. The best onions are:

You are in the middle of a project developing a new product for a publicly traded company, and you learn that the previous PM paid $3,000,000 without approval according to company policy. Luckily, CPI=1.2. what should you do?

PM brings together the project team, identifies the 56 risks in the project, identifies risk triggers, ranks them in a risk level matrix, tests assumptions, and estimates the quality of the data used. The project team continues to move through the risk management process. What did PM forget to do?

After much excitement and hard work, the contract declared the work for the project complete. Even when there is agreement that the contract declares the work complete, the PM is still concerned about actually determining all of the buyer's requirements. PM attended the contractor conference. He asks you for advice on what to do next during the conference call. What is the best advice you can give him to help him?:

In the risk management process, which factor determines the transfer of a type of risk (risk made)?

During the project execution phase, an employee identifies a risk that is not on the log. What should you do?

Which of the following actions occurs during procurement planning?

A PM asks multiple stakeholders to determine the probability and impact of some risk. He then analyzed the hypotheses. He is moving to the next step of risk management. Based on the above information, what did PM FORGET to do?

large and complex construction project in an outsourcing company required coordination to move the required equipment across a busy street. To ensure the device is transported safely, your contacts in this country advise you to pay the local police a fee to facilitate transportation. what should you do?

A systems development project was nearing its end date when a previously unknown risk was discovered. This has the potential to impact the project's overall ability to deliver products. What should be done next?

A major negotiation with a potential subcontractor is scheduled for tomorrow, and you discover there's a good chance the project will be postponed. What should you do?

The board of directors has promised you a preferential fee from customers if you complete the project early. While completing a key deliverable, your team reports that the product meets the contract requirements but does not provide the functionality the customer needs. If the product is delivered late, the project cannot be completed early. what should you do /

You are finding that it is difficult to accurately estimate the costs that will be affected by risk. You should estimate with:

Which of the following would be best for the PM to do in the seller response request portion of the contract management activity?

project has some problems, but is still under control. By the final months of the project, most of the provisions have been used and most of the negative effects of anticipated events have occurred. There are 4 remaining activities and 2 of them are on the critical path. Management informed the PM that the company would prefer to complete the project 2 weeks earlier than scheduled to receive additional profits. In response, the PM sends out a request for proposals for some of the work the project team is about to do, hoping another company will complete the work faster. PM is best to try to work with

You're a PM, a program manager here to help with the bid for her latest project. You want to protect your company from financial risks. You already have a limited scope definition. What type of contract is best to choose?

If a risky event has a 90% chance of occurring, and the outcome is $10,000, the corresponding $90,000 is:

What type of contract would you NOT want to use if you don't have the manpower to check the invoices?

While preparing your risk response plan, you identify a few additional risks. What should you do?

The project is halfway through when you discover that a software vendor for your project is having great difficulty keeping employees due to a labor dispute. Many other projects in your company also use your services. What should you do?

project team has completed, and the customer has accepted, the project scope is complete. However, the lessons learned requested by the project management department have not yet been completed. What is the status of the project?

Which of the following statements about change control is true?

Risk tolerance is determined to help:

Which statement regarding the bid documents is correct?

The organization is trying to decide whether to divide the contract management department and assign contracting responsibility to a department with direct responsibility for the project. A contract specialist does not really want this separation because they will lose……………………… in a decentralized (or decentralized) contracting environment.

You have just begun administering a contract when management decides to terminate the contract. What should you do first?

In what risk management processes will risks be identified?

You are a PM for a construction project of a large new manufacturing plant and have never worked on it before. The project cost is estimated to be $30,000,000 and will use 3 vendors. Once started, the project cannot be canceled, and there will be a large cost in equipment and plant. As the PM of this project, the most important thing to be very careful about is:

Conference of Contractors is part of:

You are ½ of the way through a major network rollout. There are 300 locations in the US and 20 in the UK. A software seller has just released a major software upgrade for several installed devices. Quality enhancement provides customers with functionality they require that was not available at the time the project began. Under these conditions, what action is best?

All of the following are always inputs to the risk management process except:

A check of the cost reimbursable contract (cost reimbursable CR) identifies high quotes that have been performed. If the contract does not specify corrective actions, the buyer should:

CPI=0.6, SPI=0.71. The project has 625 work packages and is being completed over a period of more than 4 years. Project team staff were very inexperienced and the project received little support for appropriate planning. Which of the following is best to do?

As part of your records management system, you are trying to make sure that all records from the contract are recorded and indexed. Which of the following should you not worry about?

The project team seemed to like to argue: they argued about everything. Fortunately, the PM has set up a system of check-ins and team-building meetings that will help and encourage the project team to collaborate more with each other. The latest thing they debate is whether they should complete the work package themselves or outsource it. What process of purchasing management are they in?

Your project has just been promoted and you are looking for a tutor to complete your network quickly. There is no time to put out a request for proposals (RFP) so you choose to use a company you have used many times for software development. The main concern in this situation is

The project manager is asked by the client to make significant changes to the project. These changes are not addressed in the Design Document or Project Scope. What is the best way for the project manager to respond to the request?

Workarounds are identified in which risk management process?

An experienced PM has just started working in a large IT integration organization. Her manager provided her with a draft of the project charter and immediately asked her to provide an analysis of the risks in the project. Which of the following can best help PM?

To complete the work on your project, you have been provided with confidential information from all your customers. A university contacts you to ask for help with their research. Such help will require you to provide the company with some customer data from your files. what should you do?

You are in the midst of a 2-year project to roll out offices across the country. A storm caused a power outage when the upgrade was nearly completed. When the power came back on, all project reports and historical data were lost and there was no way to get them back. What should be done to mitigate this risk?

Your employee is 3 days behind the reporting schedule. 5 minutes before the meeting where the topic of the report will be discussed, she gives you the report. You notice there are some serious errors in there, what should you do?

The PM and the project sponsor are discussing project costs and when it would be best for their company to participate in the project or hire another company to do it. If they ask for your opinion, you should say that the company would be better off doing this project itself if:

During the project implementation phase, project team employees hand over the project products to the seller. However, the seller rejected these products, claiming that they did not meet the requirements on page 300 of the technical specification. You have reviewed the document and agree. What's the best thing to do?

A PM for a seller was told by her management that the project should do what it could to reward incentives. The main objective of preferential clauses in contracts is

A seller is awarded a contract to build a pipeline. The terms and conditions of the contract required that a work plan be presented to the buyer for approval before work began, but the seller failed to provide a work plan. Which of the following is best for the seller's PM to do?

All of the following are factors in project risk assessment except:

The customer requests that a project change be made that will increase project risk. Which of the following should you do in front of everyone?

client gives you a statement of work for an 8-month project that is complex and has a few unknowns. The customer asks you to just “get it done” and only wants to meet you at the end of the 8th month when you hand over the completed project. In this situation, the best thing to do is:

You are working on a large construction project that is within the boundaries. Resources are used gradually (remain steady), your boss has just rewarded you for your effort. A project team member returns from a meeting with a client and tells you that the client is dissatisfied with the project's performance. The first thing you should do is:

Which of the following is NOT the PM's responsibility?

The project team is arguing about which potential seller should accept the offer. One project employee argued for a trusted vendor while another employee wanted the project to go to a different vendor. What part of the purchasing management process is the project team in?

You are equipped as a manager of a large, new and complex project. Because this project is business-critical and very visible, senior managers tell you to analyze project risks and prepare a risk response strategy as early as possible. The organization has a risk management process that is rarely used, and has a history of poor risk capture. The first milestone of the project is within 2 weeks. While preparing a risk response plan, where the input comes from is usually the least important of the following answers:

During a meeting with a few stakeholders, the PM is asked to add work to the project scope. The PM used information relevant to the project before the project charter was signed and remembered that the sponsor had explicitly rejected funds for the scope mentioned by the stakeholders. The best thing a PM should do is:

All of the following must be present for a contract to exist except:

What should be accomplished with the risks on the watchlist?

Which of the following is an important characteristic of the Delphi technique?

Terminating a contract is different from ending administrative activities in that it terminates the contract

The project manager is developing a plan for the project. The project manager identified tasks and assigned appropriate resources. The tool is used to notify that some resources have been allocated. What will be the project manager's next step?

project manager is assigned to a large project that has been in progress a number of times. The project team has just completed the design phase of the project and is underway in the implementation phase. At this point, what changes can be made without running the risk of redoing the entire design phase?

A new PM is starting to create a contract statement of work. A related party wants to add a few items to the contract statement of work. Another stakeholder just wants to describe the functional requirements. The project is important to the PM's company, but a seller will do this. What would you advise this PM?

You are in a complicated negotiation when the other side says: "We need to finish in 1 hour because I have to catch a plane". What negotiation strategy is this person using?

project performed under a cost-reimbursable contract is finally nearing its end. The buyer must remember what to do

The project team is debating the prospective seller, who has submitted proposals. One employee argued for a trusted vendor, while another employee wanted another vendor to take the project. The best things PMs should remind their teams to focus on during the selection process are:

The software development project is not developing well. There are more than 30 stakeholders, and no one agrees on the project goals. One stakeholder believes the project could get a 30% improvement while another believes it could go up to 50%. PM then 10% improvement is more realistic. The best solution is:

You are the PM for one of many projects in a large and important program. At an important meeting, you notice that another PM reported her project on schedule. Looking through your project a few weeks ago, you remembered that many deliverables from other projects were delayed. What should you do?

You are working on a research and development project, and the client asks you to include a special component in the project. You know that it means extra work, and you don't want to exceed available reserves. what should you do?

What is one of the main goals in the negotiation process?

project has a tight budget when you start negotiating with a seller about equipment. The seller tells you that the price of this device is fixed. Your manager told you to negotiate the price with the seller. Which action is best/

Near the end of your final project, a group of stakeholders want to add requirements as they know they will be impacted by your project. This will be a hassle since you are not including time and cost in the project management plan for these types of requests. The best things you can do to prevent these problems in upcoming projects are:

Your company has an emergency and needs the contract work completed as soon as possible. Given this situation, which of the following would be most beneficial to add to the contract?

Your employee is 3 days behind the reporting schedule. 5 minutes before the meeting where the topic of the report will be discussed, she gives you the report. You see some serious errors in the report. Can this be prevented?

You're always told by management to cut the project estimate by 10% after you give it to them. The scope of the new project is not clear and there are more than 30 parties involved. Management wants to reduce break time by 25% as a result of the project. Which of the following is the best action in this situation?

The project manager discovered an issue with the project's statistics module. Measurements are stated in US units, but foreign programmers use international units. Where in the project could this problem have been avoided?

Which of the following best describes the PM's role in the contract signing process?

Which of the following communication techniques will best improve stakeholders' understanding of the project?

Which of the following is NOT an input to the initialization process group?

Buying insurance is the most obvious example of risk:

The various project evaluation activities from the evaluation teams within the project represent centralized evaluation

The 1-year communications project was halfway through when you replaced the previous project director. The project entailed 3 different clients and a project team of 30 people. You want to know the communication requirements and what type of technology is used to support project communications. Where do you find that information?

The project manager uses a cause-and-effect analysis chart to identify factors that may cause risk. What part of the quality management process is the project manager involved in?

The director and the entire project team are looking forward to the new project. This is the first project management assignment. The project team feels they will be able to complete work that they have never done before. Yes. 29 people contributed to the product description and the project team had 9 experts with extensive experience in their fields. Partway through the planning, three groups of the technical team were disagreeing on the scope of the two statements. One group pointed to the draft WBS and said that work packages should be supplemented. One group said that special work packages should not be done. Members of the third group agreed with both groups. on,How should a project manager best resolve conflicts?

The project team created a plan that describes how they will implement quality assurance provisions. The content primarily concerns the organization's structure, responsibilities, procedures, and other information about the management plan. quality management. If it changes during the project, which of the following will also change?

A project to implement a new piece of software is underway. The project manager works with the quality assurance department to make them confident that the project meets quality standards. What MUST be done before progress can be made? This program?

The project you are working on is increasing cost efficiency, increasing productivity, and increasing morale. The reason for that?

In what situations can WBS effectively support communication?

Communication is often enhanced when the sender………..receiver

When planning your project, which factor do you put first: quality, cost or completion schedule?

Correspondence, contract changes and payable claims are ...... of contract management

One obstacle for project teams in a matrix organization is:

Who will bear the cost risk in a fixed price (FP) contract?

Correspondence, contract changes and payable claims are ...... of contract management

In which of the following organizational structures does the project manager have the least power?