During which stage of Risk planning are risks prioritized based on probability and impact?

a.Identify Risks

b.Plan Risk responses

c.Perform Qualitative risk analysis

d.Perform Quantitative risk analysis

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Question 2

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A planning phase for an engineering component generated 80 engineering drawings. The QA team randomly selected 8 drawings for inspection. This exercise can BEST be described as example of:

a.Inspection

b.Statistical Sampling

c.Flowcharting

d.Control Charting

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What is the first step in developing a risk management plan? Select one:

a.Analyze the risks.

b.Estimate the likelihood of the risks occurring.

c.Identify potential project risks.

d.Develop a risk mitigation plan.

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Andrew has joined as the Project Manager of a project. One of the project documents available to Andrew lists down all the risks in a hierarchical fashion. What is this document called?

a.Risk Management Plan.

b.List of risks.

c.Monte Carlo diagram.

d.Risk Breakdown Structure

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As the project progresses into the execution phase: Select one:

a.risks need to be checked off on activities that have been performed.

b.the total risk on the project typically increases.

c.risks are identified with each major group of activities.

d.a risk response plan can be used to identify increasing levels of detailed risk analysis.

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Which of the following is the most important element of Project Management Plan that is useful in HR Planning process:

a.Risk Management activities

b.Quality Assurance activities

c.Activity Resource requirements

d.Budget Control activities

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10.Process Analysis is a function of:

a.Performance Analysis

b.Quality Metrics

c.Process Improvement Plan

d.Quality Improvement Plan

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Root Cause Analysis relates to:

a.Process Analysis

b.Quality Audits

c.Quality Control Measurements

d.Performance Measurements

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What is considered to be the most useful skill for a project manager who works in a matrix environment in order to achieve project goals? Select one:

a.Leadership skill

b.Influencing

c.Conflict management skill

d.Time management

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Which of the following is a quality management system that gives titles to specialists and requires a cost-benefit analysis? Select one:

a.Lean accounting

b.Business process re-engineering

c.Kaizen

d.Six Sigma

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Why does the creation of processes for developing teams, establishing priorities, and distributing work and tasks require different sets of skills? Select one:

a.Because resources on the project management team may view it as permanent

b.Because resources on the project management team may view it as temporary

c.Because resources on the project team are not aware of the technical aspects of the initiative

d.Because members of the project management team are not aware of the knowledge and skills of the other people working on the project

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Due to the rapid expansion of your company, your boss decides to establish a project management office (PMO) within the company and asks you to take the lead. As an the ideal PMO you can do which of the following? Select one:

a.Speed up a specific ongoing project.

b.Find opportunities for collaborative project management.

c.Reassign the resources that have been assigned to ongoing projects.

d.Reduce the assigned resources to existing projects.

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Which of the following is the process of understanding the knowledge, skills, and abilities needed to manage a task and then matching the team members with the right skills to do that work? Select one:

a.Benchmarking

b.Expediting

c.Procurement

d.Delegation

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The project management office (PMO) handles all of the following functions EXCEPT: Select one:

a.maintaining the organization's project management policies and procedures.

b.supervising the project managers.

c.assigning project managers from other departments but not procuring contract project managers.

d.monitoring project performance. e. providing functional support to projects like project scheduling and project cost analysis

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In today's global society, many projects become global. To effectively work together, global virtual teams have been used in practice. As a project manager for a global project, Jim was told by a local team member, Shan, that women are not allowed to hold positions of authority because of the culture of his home country, since Jim hired a female local assistant project manager. How would you respond to this situation as a PMP? Select one:

a.Inform your local team member that a non-discrimination policy has to be adopted for this global project.

b.Replace a local female assistant PM with a male candidate.

c.Do nothing.

d.Ask all project team members to attend a training session on treating different gender members for this global project equally.

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Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle? Select one:

a.Agreements for risk sharing need to be concluded.

b.The total risk on the project typically reduces as activities are performed without loss.

c.Risks must be weighed against the potential benefit of the project's success in order to decide if the project should be chosen.

d.Risks are identified with each major group of activities.

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During the project meeting, the project manager had to leave earlier due to a family emergency. Afterwards, a few team members started to argue, so the project meeting took very long without producing outcomes. What is the possible reason that resulted in the inefficient project meeting in this scenario? Select one:

a.No project team ground rules were set up.

b.The current communications plan was very poorly designed.

c.The absence of project manager resulted in inefficiency.

d.There was no incentive mechanism set up to encourage team members to take over more responsibilities.