1 Which statement describes best why you should document assumptions?

a Assumptions might prove to be wrong. Knowing which assumptions were incorrect allows baseline adjustments in case of project crisis.

b Assumption analysis is a valuable tool and technique to explore the validity of assumptions during risk identification.

c Assumptions limit the project management team's options for decision making because they can not be controlled by the team.

d In case of schedule or budget overruns, the documentation of assumptions supports a clear assignment of responsibility.

2 Which is normally not regarded as an element of cost of quality?

a Prevention costs

b Maintenance cost

c Appraisal costs

d Failure costs

3 You have recently been assigned as a project manager to a new B-O-T (build, operate, transfer)capital project. Reviewing the initial documentation you found out that it has been calculated with a very small margin during operations of its product for the shareholders. What should you do?

a As you are not responsible for lifecycle costing, you don't have to worry about operation profits. Focus on project costs from initiation through handover.

b Ensure maximum profits by buying the best and cheapest items, components and modulespotentially from a big number of different suppliersand integrating them.

c Create a realistic plan broken down to a sufficient level of detail. Perform all risk management processes. Ensure real-time communications with all stakeholders.

d Try to get a second project manager assigned to share decision making and accountability to shareholders with the person

4 A project is handled by departments of an organization and expedited by a project coordinator. Which of the following statements is most likely to be true?

a The performing organization is a weak matrix.

b The performing organization is doing "management by projects".

c The performing organization is a strong matrix.

d The performing organization is projectized.