QUESTION: 233

Which earned value management formula can help you determine how likely it is that you'll complete the program based on the amount of cash left in the program budget?

Estimate at completion
Variance at completion
To-complete performance index
Estimate to complete

Answer(s): C

Reveal Solution Next Question

You are the program manager for your organization and you are dealing with your program stakeholders. You are explaining to them, along with your program team, how certain activities in the program may cause delays in the schedule if the associated risk events come into play. The cost of impact of the risk events are minimal, but the schedule impacts could be bigger. The stakeholders are concerned about delaying the schedule beyond a given due date for the program. They would like you to determine if it is possible to add more labor, use a higher grade of material, or hire some consultants to ensure the risks do not occur in the program. They are not much concerned about the cost of the solution as long as the solution or identified risks do not delay the program completion. What type of risk response are your program stakeholders recommending in this situation?

Avoidance
Mitigation
Transference
Workaround

Answer(s): B

Reveal Solution Next Question

QUESTION: 235

Communication is large percentage of program execution as the program manager must communicate with the appropriate stakeholders. In larger programs face-to-face communication is not always possible. When emails are used what verbal aspect of communication is lost?