project management Multiple choice

16- You are a new project manager who has been recently assigned a project which is in its execution stage. You ask the project team about what they have done regarding risk management. The major processes of Project Risk Management are

A-Plan Risk Management, Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, implement risk response, and monitor Risks

B-Identify Risks, Plan Risk Management, Evaluate Risks, Develop Risk Responses, Mitigate Risks, and Document results

C-Identify Risks, Perform Qualitative Risk Validation, Perform Quantitative Impact Assessment, Develop Risk Response Strategies, Document Response Strategies, and Monitor Risk Responses

D-Plan Risk Management, Identify Risks, Assess Risks, Mitigate Risks, Transfer Risks, and Document outcomes

17- Kat is a project manager in charge of an important project. Her quality process did not meet the requirements desired by the customer. So, some of her products were rejected and there is a possibility that she would not receive another business from that customer. The costs associated with the rejected products can be categorized as

A-Cost of conformance

B-Customer retention costs

C-Cost of nonconformance

D-Performance costs

18- Your company has hired a vendor to do project implementation. After reviewing the SOW, it is determined that the funding would be done on a milestone basis. These milestones appear as a step function in the graph depicting Cash flow, Cost baseline and Funding. Any gap at the end of the project between the funds allocated and the cost baseline represents

A-Management reserve

B-Contingency reserve

C-Cost variance

D-Charting error

19- You are working on a cross-functional team with multiple stakeholders. Some of the team members are happy and some of them are not. Team development stages include

A-Starting, organizing, preparing, executing, and closing

B-Forming, storming, norming, performing, and adjourning

C-Acquiring, managing, leading, decision making, and releasing

D-Initiating, planning, executing, monitoring and controlling, and closing

20- You work as a project manager and you are assigned to a new project. Since it is a large complex project, you decide to break it down into smaller manageable units. Which of the following processes will you use

A-Control Scope

B-Collect Requirements

C-Define Scope

D-Create WBS