You are the program manager for a construction program. In this program you are requiring that all workers adhere to the identified safety requirements. Some of the work in the program you've decided is too risky for the program team members so you've hired specialists to manage the dangerous work. The outsourcing of the dangerous work to a specialist is what type of risk response?
A. Avoidance
B. Mitigation
C. Transference
D. Enhancing
You are the program manager for your organization and management has asked you to be certain to finalize the lessons learned documentation for your program. When will the lessons learned documentation be created?
A. Lessons learned are in program execution.
B. Lessons learned are created at each program deliverable.
C. Lessons learned are created during the program closure.
D. Lessons learned are created during the program archive.
Joan is the program manager for her organization. Throughout the program life cycle there will be several elements, resources, and benefits that can be transitioned from her program to the organization. What document defines how these things can be transferred from the program to the organization?
A. Operational transfer alliance plan
B. Program milestone list
C. Program transition agreement
D. Program scope statement
You are the program manager of the NHQ Program. You will need to initiate six projects for your program. When should project initiating happen within a program?
A. Whenever the program needs to initiate projects, it may, as long as the program has not entered the closing processes of the program.
B. With program execution
C. With program initiation
D. With program planning
In your program you must adhere to Six Sigma as part of your organization's enterprise environmental factors. There is terminology, reports, and measurements that you are expected to use as part of your program. Six Sigma is an example of what program management process?
A. Quality control
B. Process improvement
C. Scope verification
D. Quality assurance
Which of the following types of floats are available? Each correct answer represents a complete solution. Choose two.
A. Half float
B. Full float
C. Total float
D. Free float
You are the program manager of the YHT Program. You have been working with a vendor in the program but have decided that the contract between your program and the vendor needs to be terminated. What two things must be documented if you wish to terminate a vendor's contract?
A. Contract and the quality measurements for the vendor's work
B. The scope verification document and the termination notice
C. Contract and scope verification process documents
D. Work that has been completed and uncompleted work
You are the program manager of the NHQ Program. The program has reached its final deliverable and the certificate of completion has been created for the program. What else should you, the program manager, create at this time?
A. Life cycle costing estimates
B. Lessons learned documentation
C. Operational transfer plan
D. Program closure reports
If a program has a budget of completion of $550,000, is 25 percent complete, and has spent $135,000 what is the cost variance (CV)?
A. .99
B. -$2,500
C. $2,500
D. 1.02
Which benefit measurement method considers the value of each time period's return for a project that will create deliverables over multiple time periods?
A. Net present value
B. Future value
C. Present value
D. Cost-Benefit ratio
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