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During the risk response process, you find a risk which would be difficult for you to manage. You discuss the issue with management and a decision is taken to transfer the management of this risk to your portfolio manager. What risk response strategy is this?
  1. Mitigate
  2. Escalate
  3. Transfer
  4. Avoid

Q2. Your drug manufacturing project requires the synthesis of many pharmaceutical chemicals to produce an active ingredient for a drug. You are managing a contractor to supply all these chemicals. Recent quality testing of the drugs raised concerns over the quality of the chemicals supplied by the contractor. Which of the following must be your first action to ensure that the contractor is meeting all contractual obligations?

  1. Escalate this issue to the sponsor and submit all drug testing reports
  2. Reject all poor quality drugs and penalize the contractor
  3. Convene a meeting with stakeholders and communicate the findings
  4. Carry out audits and inspections to verify compliance in the seller's deliverables
Correct Answer

Q3. Under which of the following scenarios would you not use a decision tree?

  1. When some future scenarios are unknown
  2. When you need to look at the implications of not choosing certain alternatives
  3. When the future scenarios are known
  4. When the outcomes of some of the actions are uncertain
Correct Answer

Q4. The project manager is working on a high-profile project where completing the project within budget is critical. The project manager is new, but well trained and is excited to see that the project is spending less than budgeted. As a result, the project manager was planning to take a holiday when a more senior project manager warned him that he has some important work to do on the project. Why would the senior project manager give such a warning on this project?

  1. The project manager needs to create a project control system to make sure there are no problems in the future.
  2. Under budget could mean that work that was scheduled to e done has not been completed. The project manager should look at how the cost performance compares to the schedule performance
  3. A project that is under budget may also have contracts that need to be managed.
  4. Team meetings should be scheduled every week and a holiday would mean that one team meeting would have to be cancelled.
Correct Answer

Q5. You are in the process of subdividing project deliverables and project work into smaller, more manageable parts so the project management team can get a structured vision of what has to be delivered. Which of the following is an output of this process?

  1. Scope baseline
  2. RBS
  3. Network diagram
  4. OBS
Correct Answer

Q6. While planning the project, you discover that an expert resource might be available to work on you project. However, the resource manager will not commit to the resource being on your team at the present time. The BEST thing to do would be to estimate the activity:

  1. As if the expert resources were available.
  2. As though you had an average resource doing the activity.
  3. As if you had an inexperienced resource
  4. Using the Delphi technique.
Correct Answer

Q7. Conflict on projects is usually caused by:

  1. Schedules, project priorities, resources, and technical opinions
  2. Schedules, personality, priorities, and resources
  3. Schedules, personalities, priorities, and technical opinions.
  4. Schedules, cost, priorities, and resources.
Correct Answer

Q8. Negative risks can either be ______, transferred, or mitigated as a countermeasure.

  1. enhanced
  2. avoided
  3. exploited
  4. ignored
Correct Answer

Q9. Gordon is currently developing his project‘s stakeholder engagement strategy. All enterprise environmental factors should be considered during this process. Which of the following enterprise environmental factors should receive particular attention during this process?

  1. Project templates
  2. Lessons learned from past similar projects
  3. Commercial databases
  4. The organization‘s culture and political climate
Correct Answer

Q10. Which of the following is an example of a chart, used on agile projects, that tracks the work that remains to be completed in the iteration backlog?

  1. Histogram
  2. Control chart
  3. Burndown chart
  4. Scatter diagrams
Correct Answer

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