BCS ISEB-PM1 Quiz 9 Topic 11 Questions 41-45

Question: 1

What is one of the KEY objectives during contract negotiations?

AObtain a fair and reasonable price.

BNegotiate a price under the seller's estimate.

CEnsure that all project risks are thoroughly delineated.

DEnsure that an effective communications management plan is established.

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Question: 2

Resource reallocation from non-critical to critical activities is an example of which Project Scheduling technique:

ACritical Path Method

BSchedule Compression

CResource Leveling

DWhat if Analysis

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Question: 3

Which of the following will be required to perform simu-lation for schedule risk analysis?

AActivity list and activity attributes

BSchedule network diagram and duration estimates

CSchedule data and activity resource requirements

DMilestone list and resource breakdown structure

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Question: 4

You are a project manager for Giraffe Enterprises. You've recently taken over for a project manager who lied about his PMI certification and was subsequently fired. Unfortunately, he did a poor job of scope definition. Which of the following could happen if you don't correct this?

AThe project costs could increase, there might be rework, and schedule delays might result.

BThe project management plan's process for verification and acceptance of the deliverables needs to be updated as a result of the poor scope definition.

CThe poor scope definition will adversely affect the creation of the work breakdown structure, and costs will increase.

DThe stakeholders will require overtime from the project team to keep the project on schedule.

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Question: 5

Risk Event Status is defined as ________.

ABoth 1) the severity of the consequences, and 2) how likely the event is to occur with risk.

B(Cost + Benefit + Business Risk) / Insurable Risk.

Chow likely the event is to occur with risk.

DRisk Probability x Amount At Stake.

Ethe severity of the consequences.

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BCS ISEB-PM1 Quiz:9 Topic:11 Questions:41-45