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Question 1

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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

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