An unforeseen geopolitical risk impacts a program to establish a company's operations abroad. Stakeholders now want to establish a risk response team to define a mitigation plan. Ultimately, what appeared to be a significant risk resulted in a negligible risk.
What should the program manager recommend to stakeholders for future, similar situations?
A. Accept the risk
B. Seek an expert opinion
C. Establish an on-call risk response team
D. Review the risk severity matrix
You are the program manager for your organization. Your program has a budget of $750,000 and is expected to last one year. The program is currently 30 percent complete and has spent $245,000. The program is supposed to be 40 percent at this time. What is the cost performance index for this program?
A. .83
B. -$20,000
C. .91
D. Negative ten percent
Which of the following individual should respond to the risk with the preplanned risk response?
A. Key stakeholder
B. Project manager
C. Risk owner
D. Project sponsor
Which of the following information gathering techniques is described in the statement below?
"Project risk experts participate in this technique anonymously. A facilitator uses a Questionnaires to solicit ideas about the important project risks. The responses are summarized are then recirculated to the experts for further comment."
A. Brainstorming
B. SWOT analysis
C. Checklist analysis
D. Delphi technique
Which of the following risk identification techniques is described in the statement below?
"It is used to gather information where participants don't know each other nor do they have to be present at the same location."
A. Brainstorming
B. Delphi
C. SWOT analysis
D. Assumptions analysis
Which of the following terms is used for a schedule compression technique where two activities that were previously scheduled to start sequentially start at the same time?
A. Fast tracking
B. Compressing
C. Float
D. Crashing
Which of the following can be an effective tool during quality control to help determine the how the problem occurred?
A. Rework
B. Flowcharting
C. Trend Analysis
D. Pareto Diagram
Which of the following increases when one fast tracks the project?
A. Resource
B. Risk
C. Cost
D. Communication
Which of the following directs the improvement efforts to those areas that will have the biggest impact?
A. Gantt chart
B. Flowchart
C. Pareto diagram
D. User Documentation
Which of the following shows the ratio between a task's budgeted and actual costs?
A. To-Complete Performance Index (TCPI)
B. Schedule Variance (SV)
C. Schedule Performance Index (SPI)
D. Cost Performance Index (CPI)
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