QUESTION: 69

The definition of when and how often the risk management processes will be performed throughout the project life cycle is included in which risk management plan component?

Timing
Methodology
Risk categories
Budgeting

Answer(s): A

Explanation:

11.1.3.1 Risk Management Plan
The risk management plan is a component of the project management plan and describes how risk management activities will be structured and performed. The risk management plan includes the following:
Methodology. Defines the approaches, tools, and data sources that will be used to perform risk management on the project.
Roles and responsibilities. Defines the lead, support, and risk management team members for each type of activity in the risk management plan, and clarifies their responsibilities.
Budgeting. Estimates funds needed, based on assigned resources, for inclusion in the cost baseline and establishes protocols for application of contingency and management reserves.
Timing. Defines when and how often the risk management processes will be performed throughout the project life cycle, establishes protocols for application of schedule contingency reserves, and establishes risk management activities for inclusion in the project schedule.

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QUESTION: 70

When a backward pass is calculated from a schedule constraint that is later than the early finish date that has been calculated during a forward pass calculation, this causes which type of total float?

Negative
Zero
Positive
Free

Answer(s): C

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QUESTION: 71

A reward can only be effective if it is:

Given immediately after the project is completed.
Something that is tangible.
Formally given during project performance appraisals.
Satisfying a need valued by the individual.

Answer(s): D

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QUESTION: 72

Which tool or technique allows a large number of ideas to be classified into groups for review and analysis?

Nominal group technique
Idea/mind mapping
Affinity diagram
Brainstorming

Answer(s): C

Explanation:

5.2.2.4 Group Creativity Techniques
Several group activities can be organized to identify project and product requirements. Some of the group creativity techniques that can be used are:

Brainstorming. A technique used to generate and collect multiple ideas related to project and product requirements. Although brainstorming by itself does not include voting or prioritization, it is often used with other group creativity techniques that do.
Nominal group technique. A technique that enhances brainstorming with a voting process used to rank the most useful ideas for further brainstorming or for prioritization.
Idea/mind mapping. A technique in which ideas created through individual brainstorming sessions are consolidated into a single map to reflect commonality and differences in understanding, and generate new ideas.

Affinity diagram. A technique that allows large numbers of ideas to be classified into groups for review and analysis.

Multicriteria decision analysis. A technique that utilizes a decision matrix to provide a systematic analytical approach for establishing criteria, such as risk levels, uncertainty, and valuation, to evaluate and rank many ideas.

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QUESTION: 69

Explanation:

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QUESTION: 72

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