QUESTION: 225

You are the project manager of the NGQQ Project for your company. To help you communicate project status to your stakeholders, you are going to create a stakeholder register. All of the following information should be included in the stakeholder register except for which one?

Stakeholder management strategy
Assessment information of the stakeholders' major requirements, expectations, and potential influence
Identification information for each stakeholder
Stakeholder classification of their role in the project

Answer(s): A

Explanation:

The stakeholder management strategy is generally not included in the stakeholder registry because it may contain sensitive information that should not be shared with project team members or certain other individuals that could see the stakeholder register. The stakeholder register is a project management document that contains a list of the stakeholders associated with the project. It assesses how they are involved in the project and identifies what role they play in the organization. The information in this document can be very perceptive and is meant for limited exchange only. It also contains relevant information about the stakeholders, such as their requirements, expectations, and influence on the project.

Incorrect Answers:
B, C, D: Stakeholder identification, Assessment information, and Stakeholder classification should be included in the stakeholder register.

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QUESTION: 226

Della works as a project manager for Tech Perfect Inc. She is studying the documentation of planning of a project. The documentation states that there are twenty-eight stakeholders with the project. What will be the number of communication channels for the project?

Answer(s): C

Explanation:

According to the twenty- eight stakeholders. Communication channels are paths of communication with stakeholders in a project. The number of communication channels shows the complexity of a project's communication and can be derived through the formula shown below:
Total Number of Communication Channels = n (n-1)/2 where n is the number of stakeholders.

Hence, a project having five stakeholders will have ten communication channels. Putting the value of the number of stakeholders in the formula will provide the number of communication channels. Putting the value of the number of stakeholders in the formula will provide the number of communication channels:
Number of communication channel
= (n (n-1)) / 2
= (28 (28-1)) / 2
= (28 x 27) / 2
= 756 / 2
= 378

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QUESTION: 227

Shawn is the project manager of the HWT project. In this project Shawn's team reports that they have found a way to complete the project work cheaply than what was originally estimated earlier. The project team presents a new software that will help to automate the project work. While the software and the associated training costs
$25,000 it will save the project nearly $65,000 in total costs. Shawn agrees to the software and changes the project management plan accordingly. What type of risk response had been used by him?

Avoiding
Accepting
Exploiting
Enhancing

Answer(s): C

Explanation:

A risk event is being exploited so as to identify the opportunities for positive impacts. Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities for positive impact on a project. Assigning more talented resources to the project to reduce the time to completion is an example of exploit response.

Incorrect Answers:
A: To avoid a risk means to evade it altogether, eliminate the cause of the risk event, or change the project plan to protect the project objectives from the risk event.

B: Accepting is a risk response that is appropriate for positive or negative risk events. It does not pursue the risk, but documents the event and allows the risk to happen. Often acceptance is used for low probability and low impact risk events.

D: Enhancing is a positive risk response that aims to increase the probability and/or impact of the risk event.

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QUESTION: 228

Which among the following is the BEST reason for defining a risk response?

To eliminate risk from the enterprise
To ensure that the residual risk is within the limits of the risk appetite and tolerance
To overview current status of risk
To mitigate risk

Answer(s): B

Explanation:

The purpose of defining a risk response is to ensure that the residual risk is within the limits of the risk appetite and tolerance of the enterprise. Risk response is based on selecting the correct, prioritized response to risk, based on the level of risk, the enterprise's risk tolerance and the cost or benefit of the particular risk response option.

Incorrect Answers:
A: Risk cannot be completely eliminated from the enterprise. C: This is not a valid answer.
D: Mitigation of risk is itself the risk response process, not the reason behind this.

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QUESTION: 227

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QUESTION: 228

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