Change requests, project management plan updates, project document updates, and organizational process assets updates are all outputs of which project management process?
Answer(s): B
Which process involves identifying and documenting the logical relationships between project activities?
Process: 6.3 Sequence ActivitiesDefinition: The process of identifying and documenting relationships among the project activities. Key Benefit: The key benefit of this process is that it defines the logical sequence of work to obtain the greatest efficiency given all project constraints.Inputs1. Schedule management plan2. Activity list3. Activity attributes4. Milestone list5. Project scope statement6. Enterprise environmental factors7. Organizational process assetsTools & Techniques1. Precedence diagramming method (PDM)2. Dependency determination3. Leads and lagsOutputs1. Project schedule network diagrams2. Project documents updates
Which of the following is an example of the simplest fixed-price contract?
Which technique helps to determine the risks that have the most potential impact on a project?
Answer(s): D
11.4.2.2 Quantitative Risk Analysis and Modeling TechniquesCommonly used techniques use both event-oriented and project-oriented analysis approaches, including:• Sensitivity analysis. Sensitivity analysis helps to determine which risks have the most potential impact on the project. It helps to understand how the variations in project’s objectives correlate with variations in different uncertainties. Conversely, it examines the extent to which the uncertainty of each project element affects the objective being studied when all other uncertain elements are held at their baseline values.
Labor, materials, equipment, and supplies are examples of:
Answer(s): C
6.4.3.2 Resource Breakdown StructureThe resource breakdown structure is a hierarchical representation of resources by category and type. Examples of resource categories include labor, material, equipment, and supplies. Resource types may include the skill level, grade level, or other information as appropriate to the project. The resource breakdown structure is useful for organizing and reporting project schedule data with resource utilization information.
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