Mid-Test | Online Assignment Help
Question 1
List and describe each of the ten project management knowledge areas.
Question 2
Describe the triple constraint. What are the three components and what is the relationship between them?
Question 3
_____ is a document used to coordinate all project planning documents and help guide a project’s execution and control.
| a. | project management plan | |
| b. | statement of work | |
| c. | business case | |
| d. | scope statement |
Question 4
The two primary components of a risk are:
| a. | The impact and the event | |
| b. | The event and the probability | |
| c. | The probability and the impact | |
| d. | The impact and the amount at stake |
Question 5
Risk constitutes a lack of knowledge ____________________.
| a. | of future events. | |
| b. | about the customer’s requirements. | |
| c. | about the estimates. | |
| d. | about the environment. |
Question 6
Explain the importance of managing risks. Specificially, explain what qualitative and quantitative risk analysis incorporates
Question 7
If there’s a 40% chance of making $1 million and a 60% chance of losing $600,000, then the expected monetary outcome is.
| a. | $360,000 | |
| b. | <$40,000> | |
| c. | <$400,000> | |
| d. | <$360,000> |
Question 8
Brainstorming, assumption analysis and WBS decomposition are techniques used for:
| a. | Risk handling | |
| b. | Risk identification | |
| c. | Risk assessment | |
| d. | Risk and monitoring control |
Question 9
Explain one of the financial terms identified and explain its importance to manage projects during project integration.
Question 10
The probability-impact matrix is a technique used as part of:
| a. | Risk and monitoring control | |
| b. | Risk handling | |
| c. | Risk assessment | |
| d. | Risk identification |
