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Managing Project Risks and Changes Quiz

Managing Project Risks and Changes Quiz Answer. In this post you will get Quiz Answer Of Managing Project Risks and Changes

 

Managing Project Risks and Changes Quiz

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Module 2 Quiz

1.
Question 1
True or False: A project manager spends 75% of his or her time communicating.

1 point

  • True
  • False

2.
Question 2
Which item would most likely NOT be part of a basic communication plan:

1 point

  • The amount of their annual bonus.
  • What they need to know.
  • The best medium for the communication.
  • With whom to communicate.

3.
Question 3
Upward communication is communication to/from:

1 point

  • Your social groups.
  • Your peers.
  • Your senior management.
  • Your direct reports.

4.
Question 4
When you report project status you compare actual performance to:

1 point

  • The performance of previous projects.
  • The performance of other similar projects.
  • The planned performance or baseline.
  • The performance of your competitors.

5.
Question 5
True or False: Earned value integrates scope, schedule and budget and uses monetary values to assess project status.

1 point

  • False
  • True

6.
Question 6
You are beginning to staff your project. Which of the following will not be used in developing and/or communicating roles and responsibilities?

1 point

  • Organization chart
  • Responsibility Assignment Matrix
  • Pareto chart
  • WBS

7.
Question 7
Which of the following is not likely to be documented in a communications management plan?

1 point

  • Time frame and frequency of communication
  • What information will be communicated
  • Person responsible for tracking risk events
  • How information will be communicated

8.
Question 8
True or False: Effective project communication management creates a bridge between stakeholders based on a shared understanding of the project and the ongoing sharing of information needed for its success.

1 point

  • True
  • False

9.
Question 9
A Communications Management Plan does the following:

1 point

  • Lays out a plan on how to communicate with your Project Sponsor and other organizations
  • Coordinates the communication between project leaders and uninterested project members
  • Coordinates an effort to communicate in meetings effectively
  • Lays out the approach and method for delivering information effectively and efficiently.

10.
Question 10
Who should take the most responsibility for clear and effective communication?

1 point

  • The Communications Manager
  • The sender
  • The sender and the receiver
  • The receiver

 

 

Module 3 Quiz

1.
Question 1
The purpose of project risk management is to:

1 point

Eliminate the likelihood or the impact of negative events or threats to your project and to decrease the likelihood or impact of positive events.

Minimize the likelihood or the impact of negative events or threats to your project and to increase the likelihood or impact of positive events.

Neutralize the likelihood or the impact of negative events or threats to your project and to neutralize the likelihood or impact of positive events.

Minimize the likelihood or the impact of positive events or threats to your project and to increase the likelihood or impact of negative events.

2.
Question 2
True or False: A positive risk is an opportunity; a negative risk is a threat.

1 point

True

False

3.
Question 3
When you and your team know that a negative risk has a high likelihood of occurring and it will be very impactful if it does:

1 point

You should develop a response to handle this risk.

You should all hope this risk does not occur.

You should wait a few weeks and see what changes.

You should not document the risk; it will upset your stakeholders.

4.
Question 4
If the response you choose is to avoid a risk this means that:

1 point

You note the risk but do not talk about it.

You simply do not consider the risk.

You change your plans so that you eliminate the risk.

You cancel the entire project.

5.
Question 5
Once you and your team identify and assess risks and develop responses you:

1 point

Only update your risk register when you are preparing to share it with your stakeholders.

Continue to identify and monitor risks for the remainder of the project.

Pay close attention to the risks identified and do not look for new risks.

Have completed your risk management responsibilities.

6.
Question 6
In a project context, risk is defined as:

1 point

An uncertain event that, if it occurs, will have a positive or negative effect on at least one project objective.

The probability of an event having a positive or negative effect on at least one project objective.

An uncertain event that, if it occurs, will have a negative effect on at least one project objective.

The impact of not completing the project on time and within budget.

7.
Question 7
The Risk Management Plan is a subsidiary to the __________ document.

1 point

Project Management Plan

Project Stakeholder Plan

Project Scope Statement Plan

Project Communications Plan

8.
Question 8
A useful tool in identifying risks is the SWOT analysis. What does SWOT stand for?

1 point

Strengths, opportunities, winners, and threats

Strengths, obstacles, weaknesses, and threats

Scope, opportunities, weaknesses, and time

Strengths, opportunities, weaknesses, and threats

9.
Question 9
True or False: The primary output from the identification of risks is the risk register.

1 point

False

True

10.
Question 10
During a risk brainstorming session a team member identifies a risk. This particular risk does not seem to belong to any of the categories in you Risk Breakdown Structure (RBS). How should you respond?

1 point

Chastise him for making up risks which cannot exist because there is not a category for such risks.

Record the list in the risk register, discuss potential responses and make a note to update the RBS.

Ignore him and move on to another risk identified by a different team member.

Thank him for his work, but inform him that the risk cannot be included because it does not fit any of the categories defined in the RBS.

 

 

Module 4 Quiz

 

1.
Question 1
Which one of these situations most closely represents scope creep:

1 point

The project scope changes through the use of a formal change control process.

The project scope was used to create a WBS that was used to create estimates and a schedule.

The project scope keeps changing and team members are not sure why and the project seems like it will never end.

The scope of the project is clearly agreed upon by the key project stakeholders.

2.
Question 2
True or False: Unregulated changes allow for innovation and flexibility. Regulating changes causes a lack of creativity.

1 point

False

True

3.
Question 3
Which of these types of changes should be discouraged as a poor project practice:

1 point

Another project team is doing similar work and is farther along than your project.

Stakeholders did not take the time to define scope earlier in the project.

A team member discovers an issue and it makes good business sense to correct the issue as part of the project.

A new way to handle a problem is discovered after scope was documented and approved.

4.
Question 4
A good change process will:

1 point

Allow the project manager to approve all changes.

Have change thresholds that are appropriate for the type of change.

Require the same level of approval for all changes.

Be very complex in order to discourage changes.

5.
Question 5
The purpose of capturing lessons learned is:

1 point

To show that you are following project management best practices and therefore you are a superior project manager.

To show stakeholders how difficult the project was so that next time their demands will not be so high.

To document who performed well on the project and who did not so that poor performers can be punished.

To capture what went well so that you can recreate the good and to capture what could have gone better so that next time it will go better.

6.
Question 6
To ensure control over the incidence and frequency of change, the project manager establishes a:

1 point

Work procedure schedule

Change control process

Responsibility assignment matrix

Work breakdown structure

7.
Question 7
Your project team is customer focused and often agrees to incorporate many small scope changes throughout the project execution. The changes are documented in an issues log. Which of the following is not a potential problem?

1 point

Changes may not be integrated across the whole project

Many small changes may accumulate to create trouble for one of the project objectives.

Changes with impacts on cost or time will be elevated to the Change Control Board.

Management of product specifications and configuration become more difficult.

8.
Question 8
True or False: In the context of a project, change is always a bad thing.

1 point

False

True

9.
Question 9
Scope creep results in:

1 point

Completion delays, escalation of costs, and decrease in project complexity.

Completion delays, escalation of costs, and increase in project complexity.

Completion delays, decrease in costs, and increase in project complexity.

On-time deliverables, escalation of costs, and increase in project complexity.

10.
Question 10
A project manager can defend against scope creep with a good ___________!

1 point

Procurement process

Project management plan

Change control process

Risk management plan

 

 

Final Exam

1.
Question 1
Which item would most likely NOT be part of a basic communication plan:

1 point

The best medium for the communication.

The amount of their annual bonus.

With whom to communicate.

What they need to know.

2.
Question 2
Upward communication is communication to/from:

1 point

Your peers.

Your direct reports.

Your senior management.

Your social groups.

3.
Question 3
When you report project status you compare actual performance to:

1 point

The performance of previous projects.

The performance of your competitors.

The performance of other similar projects.

The planned performance or baseline.

4.
Question 4
You are beginning to staff your project. Which of the following will not be used in developing and/or communicating roles and responsibilities?

1 point

Responsibility Assignment Matrix

WBS

Organization chart

Pareto chart

5.
Question 5
Which of the following is not likely to be documented in a communications management plan?

1 point

How information will be communicated

Person responsible for tracking risk events

Time frame and frequency of communication

What information will be communicated

6.
Question 6
A Communications Management Plan does the following:

1 point

Lays out a plan on how to communicate with your Project Sponsor and other organizations

Coordinates the communication between project leaders and uninterested project members

Lays out the approach and method for delivering information effectively and efficiently.

Coordinates and effort to communicate in meetings effectively

7.
Question 7
Who should take the most responsibility for clear and effective communication?

1 point

The sender and the receiver

The sender

The Communications Manager

The receiver

8.
Question 8
The purpose of project risk management is to:

1 point

Minimize the likelihood or the impact of negative events or threats to your project and to increase the likelihood or impact of positive events.

Minimize the likelihood or the impact of positive events or threats to your project and to increase the likelihood or impact of negative events.

Neutralize the likelihood or the impact of negative events or threats to your project and to neutralize the likelihood or impact of positive events.

Eliminate the likelihood or the impact of negative events or threats to your project and to decrease the likelihood or impact of positive events.

9.
Question 9
True or False: A positive risk is an opportunity; a negative risk is a threat.

1 point

True

False

10.
Question 10
When you and your team know that a negative risk has a high likelihood of occurring and it will be very impactful if it does:

1 point

You should wait a few weeks and see what changes.

You should develop a response to handle this risk.

You should not document the risk; it will upset your stakeholders.

You should all hope this risk does not occur.

11.
Question 11
If the response you choose is to avoid a risk this means that:

1 point

You change your plans so that you eliminate the risk.

You cancel the entire project.

You simply do not consider the risk.

You note the risk but do not talk about it.

12.
Question 12
Once you and your team identify and assess risks and develop responses you:

1 point

Have completed your risk management responsibilities.

Only update your risk register when you are preparing to share it with your stakeholders.

Pay close attention to the risks identified and do not look for new risks.

Continue to identify and monitor risks for the remainder of the project.

13.
Question 13
In a project context, risk is defined as:

1 point

The probability of an event having a positive or negative affect on at least one project objective.

An uncertain event that, if it occurs, will have a negative affect on at least one project objective.

An uncertain event that, if it occurs, will have a positive or negative affect on at least one project objective.

The impact of not completing the project on time and within budget.

14.
Question 14
The Risk Management Plan is a subsidiary to the __________ document.

1 point

Project Communications Plan

Project Management Plan

Project Scope Statement Plan

Project Stakeholder Plan

15.
Question 15
A useful tool in identifying risks is the SWOT analysis. What does SWOT stand for?

1 point

Strengths, opportunities, winners, and threats

Scope, opportunities, weaknesses, and time

Strengths, opportunities, weaknesses, and threats

Strengths, obstacles, weaknesses, and threats

16.
Question 16
During a risk brainstorming session a team member identifies a risk. This particular risk does not seem to belong to any of the categories in you Risk Breakdown Structure (RBS). How should you respond?

1 point

Chastise him for making up risks which cannot exist because there is not a category for such risks.

Ignore him and move on to another risk identified by a different team member.

Record the list in the risk register, discuss potential responses and make a note to update the RBS.

Thank him for his work, but inform him that the risk cannot be included because it does not fit any of the categories defined in the RBS.

17.
Question 17
Which one of these situations most closely represents scope creep:

1 point

The project scope keeps changing and team members are not sure why and the project seems like it will never end.

The project scope changes through the use of a formal change control process.

The project scope was used to create a WBS that was used to create estimates and a schedule.

The scope of the project is clearly agreed upon by the key project stakeholders.

18.
Question 18
True or False: Unregulated changes allow for innovation and flexibility. Regulating changes causes a lack of creativity.

1 point

False

True

19.
Question 19
Which of these types of changes should be discouraged as a poor project practice:

1 point

Because stakeholders did not take the time to define scope earlier in the project.

A team member discovers an issue and it makes good business sense to correct the issue as part of the project.

A new way to handle a problem is discovered after scope was documented and approved.

Another project team is doing similar work and is farther along than your project.

20.
Question 20
A good change process will:

1 point

Allow the project manager to approve all changes.

Require the same level of approval for all changes.

Be very complex in order to discourage changes.

Have change thresholds that are appropriate for the type of change.

21.
Question 21
The purpose of capturing lessons learned is:

1 point

To capture what went well so that you can recreate the good and to capture what could have gone better so that next time it will go better.

To show that you are following project management best practices and therefore you are a superior project manager.

To document who performed well on the project and who did not so that poor performers can be punished.

To show stakeholders how difficult the project was so that next time their demands will not be so high.

22.
Question 22
To ensure control over the incidence and frequency of change, the project manager establishes a:

1 point

Work breakdown structure

Work procedure schedule

Responsibility assignment matrix

Change control process

23.
Question 23
Your project team is customer focused and often agrees to incorporate many small scope changes throughout the project execution. The changes are documented in an issues log. Which of the following is not a potential problem?

1 point

Changes may not be integrated across the whole project

Many small changes may accumulate to create trouble for one of the project objectives.

Management of product specifications and configuration become more difficult.

Changes with impacts on cost or time will be elevated to the Change Control Board.

24.
Question 24
Scope creep results in:

1 point

Completion delays, escalation of costs, and decrease in project complexity.

Completion delays, decrease in costs, and increase in project complexity.

On-time deliverables, escalation of costs, and increase in project complexity.

Completion delays, escalation of costs, and increase in project complexity.

25.
Question 25
A project manager can defend against scope creep with a good ___________!

1 point

Change control process

Project management plan

Procurement process

Risk management plan

 

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