Question 1

Your organization has named you the project manager of the JKN Project. This project has a BAC of $1,500,000 and it is expected to last 18 months. Management has agreed that if the schedule baseline has a variance of more than five percent then you will need to crash the project. What happens when the project manager crashes a project?

Options :

A : Project risks will increase.

B : The project will take longer to complete, but risks will diminish.

C : Project costs will increase.

D : The amount of hours a resource can be used will diminish.

Answer: C

Question 2

You are working with the project stakeholders to analyze and prioritize their requirements for the project. One of

the project requirements is to achieve a high-level of customer satisfaction for the project deliverable. What is

the danger in this project requirement?

Options :

A : Achieving customer satisfaction is an assumption and should be documented in the project scope.

B :

Achieving customer satisfaction is a subjective requirement and entails a high level of risk of being

successfully accomplished.

C : Achieving customer satisfaction is a risk as the project manager cannot control how satisfied the customer will be with the project deliverables.

D : Achieving customer satisfaction should always map to the quality requirements for the project.

Answer: B

Question 3

Don has hired Jerry, a contractor, to complete a portion of his project work. The contract used was a cost-plus contract. If Don were to perform a risk audit, who would carry the risk in this scenario?

Options :

A : Don would because he is the project manager.

B : Jerry would because of the contract type.

C : Don would because of the contract type.

D : Jerry would because he is the hired contractor.

Answer: C

Question 4

At the completion of a small project, the risk manager performs a risk audit and finds that several identified risks had occurred, and the impact was significantly larger than expected. While the project remained on schedule, the project budget increased by 50%. The project met all risk response milestones and no additional, previously unidentified risks, occurred on the project. Based on this information, what risk management process improvement should the risk manager recommend for future similar projects?

Options :

A : Increase frequency of risk management meetings with the project manager.

B : Revise the level of accuracy of probability and impact scores.

C : Document the risk audit report and capture it in the lessons learned database.

D : Expand the use of risk identification techniques.

Answer: C

Question 5

In what portion of a project are risk and opportunities greatest and require intense planning and anticipation of risk events?

Options :

A : Closing

B : Planning

C : Initiating

D : Executing

Answer: C

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