QUESTION: 109

Tolerance forms a key element of allowing the Project Board to manage by exception. Which of the following statements are correct regarding tolerance?

1. The Project Board sets project tolerances

2. Tolerances can be applied for Time, Cost, Scope, Quality, Benefit and Risk

3. The Project Manager sets Work Package tolerance

4. Cost tolerance should not be used to pay for authorized requests for change

1, 2, 3
1, 2, 4
1, 3, 4
2, 3, 4

Answer(s): D

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QUESTION: 110

When it is forecast that one or more tolerances are to be exceeded, what should happen first?

The next higher level of management will begin to execute management by exception
The appropriate level of management must refer the matter to the next higher level
The Project Plan will be replaced by a fallback plan
The appropriate level of management will automatically produce and execute an Exception
Plan to recover from the deviation without referral

Answer(s): B

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