51.

A Project Manager has to manage risk and implement measures to reduce risk. Which is NOT a method that a Project Manager would use to reduce risk?

• Reducing the project's scope
• Delaying the project
• Making sure that the employees don't work overtime
• Adding resources

52.

A business owner of a limo company is looking for a tool to use as a graphical illustration of the scheduled pickup times for their service. The tool needs to take into consideration that if one step is delayed or deviates from the intended schedule, then all the other events scheduled will be impacted. Which tool would best suit this limo company?

• Gantt charts
• Pie chart
• Data Flow Diagrams
• Flow charts

53.

A software company needs to forecast the demand of a new product they're trying to launch, but they have no prior data or sales numbers to work with, so instead, they're going to use a group of experts to gather opinions about the new product. This is an example of what method of demand forecasting?

• Correlation Analysis
• Qualitative Method Analysis
• Quantitative Method Analysis
• Regression Analysis

54.

In PERT Analysis, what is the most likely time?

• The maximum possible time required to accomplish a task, assuming everything goes wrong (but excluding major catastrophes).
• The best estimate of the time required to accomplish a task, assuming everything proceeds as normal.
• The minimum possible time required to accomplish a task, assuming everything proceeds better than is normally expected.
• The best estimate of the time required to accomplish a task, accounting for the fact that things don't always proceed as normal.

55.

What major evolutionary step in supply chain management occurred after 2000 and allowed for a new and improved tracking of products?

• Universal Product Code
• Electronic Data Interchange
• Parcel Tracking System
• Radio Frequency Distribution