John, a project manager, was assigned a project. One of the project documents available to him lists all the questions addressing some of the project uncertainties. What is this document called in project management?

Monte Carlo diagram.

List of risks.

Risk Profile.

Risk Management Plan.

The act of using past projects to estimate how long or how much a current project will take or cost is called _____ estimating.

Homologous

Bottom-up

Bottom-down

Parametric

Cost Projection

Analogous

Project balancing should be:

A part of every project closing phase

A part of every project execution phase

A part of every project initiation and planning phase

A part of project definition phase

Only the project team is responsible for accurately estimating the project.

True

False

What is the project's sponsor responsibility in regard to the WBS preparation?

The sponsor should not be involved in WBS development

Make sure all work packaged are well defined

Make sure that the management levels of the WBS are correct

Mare sure that the technical levels of the WBS are correct

What is the most thorough and accurate definition of project monitoring and controlling (measure progress)?

Always check for variances from the plan in order to make adjustments when variances are encountered

Monitor plan resources and replace them when needed

Monitor the planned expenditures and ensure controls are in place

Control the activities that are needed to complete the project

Every project requires extensive project management. On what piece of document/plan will the project manager rely on to determine what information should be communicated, how often and who should receive it.

The risk management plan

Change management plan

Communications management plan

Stakeholder strategy plan

Back in 2020, the Phizer project to develop a Covid19 vaccine experienced a lot of conflict among the key global team. To minimize conflict among team members, what tools are available to you as a project manager?

Ground rules, reward, interpersonal skills and project management practices

Group Norms, ground rules and project management practices

Interpersonal skills, ground rules, and project management practices.

Networking, coaching and project management practices, ground rules and group norms.

During the course of the project, it is important that the stakeholders be informed of the progress of the project. One of the reports that is frequently used is a progress report. Which of the following is true about the progress report?

They allow stakeholders to judge the performance of the project according to its plan

They are generally considered to be overkill on very small projects

They require the use of earned value reports

They must be produced by the project manager