Using the Project Scenario and the Extract from Stage Plan for stage 3 provided as additional intonation for this question in the Scenario Booklet, answer the following 5 questions.
The Stage Plan for stage 3 has been produced.
The Engineering Manager insists that there are to be no interruptions to operations whilst photographs are being taken of the engineering staff performing their everyday duties and operating machinery. Two weeks ago the professional
photographer produced the photo session schedule based on the operational staff schedule. The operational staff schedule is produced weekly and maintained by the Engineering Manager.
None of the ?00 change budget has been used to date and this is available for the stage.
Which 2 statements apply to the Planning assumptions section?
A. No change to entry 8 because this cannot be confirmed until all of the label designs entries have been received and an assessment made.
B. Move entry 8 to External dependencies because the label designs are created outside of the scope of the project.
C. Delete entry 9 because the photo session schedule should have been approved as part of stage 2.
D. Move entry 9 to External dependencies because the photo session schedule is created by the professional photographer.
E. Delete entry 10 because the inclusion of different members from the Engineering team in each photo should be shown in the Product Description for the photos.
Using the Project Scenario and the Extract from Stage Plan for stage 3 provided as additional intonation for this question in the Scenario Booklet, answer the following 5 questions.
The Stage Plan for stage 3 has been produced.
The Engineering Manager insists that there are to be no interruptions to operations whilst photographs are being taken of the engineering staff performing their everyday duties and operating machinery. Two weeks ago the professional
photographer produced the photo session schedule based on the operational staff schedule. The operational staff schedule is produced weekly and maintained by the Engineering Manager.
None of the ?00 change budget has been used to date and this is available for the stage.
Which 2 statements apply to the External dependencies section?
A. Delete entry 5 because the new company logo is being delivered by a separate project and will be detailed in the plans for that project.
B. Move entry 5 to Plan prerequisites because the new company logo will influence the label designs.
C. Move entry 5 to Plan description because the new company logo will be delivered during stage 3.
D. Delete entry 6 because the customer details were used in stage 2 to create the customer list.
E. Delete entry 7 because it should be shown in the Product Description for the label design.
Using the Project Scenario and the Extract from Stage Plan for stage 3 provided as additional intonation for this question in the Scenario Booklet, answer the following 5 questions.
The Stage Plan for stage 3 has been produced.
The Engineering Manager insists that there are to be no interruptions to operations whilst photographs are being taken of the engineering staff performing their everyday duties and operating machinery. Two weeks ago the professional
photographer produced the photo session schedule based on the operational staff schedule. The operational staff schedule is produced weekly and maintained by the Engineering Manager.
None of the ?00 change budget has been used to date and this is available for the stage.
Which 2 statements apply to the Plan prerequisites section?
A. Delete entry 2 because these are project benefits not prerequisites of the stage.
B. Delete entry 3 because the production cost forecast is a deliverable of stage 2, not a prerequisite for stage 3.
C. Delete entry 4 because the customer list is a deliverable of stage 2, not a prerequisite for stage 3.
D. Add 'Engineering team must be made available for photos'.
E. Add 'Compliance with the Data Protection Act'.
The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.
Which 2 statements should be recorded under the Risk tolerance heading?
A. Corporate management's threshold level of risk exposure is any combination of high and very high impact and probability.
B. The Project Board's threshold level of risk exposure is any combination of medium, high and very high impact, with high and very high probability.
C. The Project Manager's threshold level of risk exposure is low impact and probability.
D. The cost of all fallback plans must be contained within the project's tolerance.
E. The risk budget will have a tolerance of +/~ 10%.
The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.
Which 2 statements should be recorded under the Proximity heading?
A. Proximity categories for this project are: Imminent; Within the stage; Within the project; Beyond the project.
B. The risk of MFH having no outsourcing experience will be categorized as Stage 4 proximity.
C. Imminent risks are those which may occur within two weeks.
D. Any risk with a proximity category of imminent will be estimated as having a very high impact.
E. The risk of staff leaving the organization will be categorized as beyond the project proximity.
The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.
Which 2 statements should be recorded under the Roles and responsibilities heading?
A. Each risk will be assigned a risk owner.
B. Risks exceeding the agreed project risk tolerance will be reported to the Project Board.
C. Risk tolerances are allocated to each stage by the Project Manager.
D. Project Assurance will ensure that project risks are identified, assessed and controlled according to the agreed risk management procedure.
E. An external consultant is to facilitate a risk identification workshop.
The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.
Which 2 statements should be recorded under the Timing of risk management activities heading?
A. During stage 4, the selected service provider will manage any risks to their Business Case and report these to the Project Manager on a weekly basis.
B. The Project Board should hold monthly meetings to review project progress.
C. When closing a project, the follow-on action recommendations should be updated with any risks relating to the realization of benefits after the outsourced services go live.
D. Any new risks identified during product development should be reported to the Project Manager by the Team Manager when delivering the completed Work Package.
E. When authorizing a stage, the Project Board will check that the exposure to risk is still acceptable.
The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.
Which 2 statements should be recorded under either the Records or Reporting headings?
A. Project Support will maintain the Risk Register.
B. The evaluated net effect of all risks will be updated at the end of each stage and included in the End Stage Report.
C. The Change Authority will report monthly to the Project Manager on the status of the change budget.
D. Risks that are likely to occur within the next two weeks should be recorded as imminent.
E. A summary of risks will be maintained and included with the monthly Highlight Reports to the Project Board.
The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.
Which 2 statements should be recorded under the Risk management procedure heading?
A. When a new problem arises, a full impact analysis will be undertaken to assess the impact on the project' objectives and Business Case.
B. Probability will be assessed against the scales defined in this Risk Management Strategy.
C. Any risk which has an expected value of more than ? k will NOT be registered.
D. Every threat and opportunity identified must be clearly defined in terms of cause, event and effect.
E. 'Reduce' Response actions which result in a lower impact and/or probability rating.
What products will be impacted by this change?
A. All of the project's products created so far.
B. Only those products created in the first three weeks of stage 3.
C. All of the project's products which relate to or include services provided by the Facilities Division.
D. No products would need to be changed but some will need to be removed from the project.
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