While sequencing activities for a project, the project management team of a project applied certain discretionary dependencies. This was based on their knowledge of best practices within the project application area. What is the potential risk involved in using such dependencies?
A) They can create fixed float values and create external dependencies.
B) They can create arbitrary float values and limit later scheduling options.
C) They can create arbitrary float values and create external dependencies.
D) They can create arbitrary float values and create mandatory dependencies
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Correct answer= 
,
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- Sensitivity analysis helps to determine which risks have the most potential impact on the project. A project manager prepared a display chart of sensitivity analysis for his project. The diagram contained a series of bars with the length of the bars corresponding to the risk impact on the project. The longer the bars, the greater was the risk presented. Such a diagram is likely to be:
A) An assessment diagram
B) A triangular distribution
C) A tornado diagram
D) A funnel distribution
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- A project manager included contingency reserves and management reserves in the total budget of a high-risk project. He also made certain earned value measurement calculations. Which of the following is incorrect?
A) Reserves are included as part of earned value measurement calculations.
B) Reserves are not part of the project cost baseline.
C) The project manager needs to get approval before spending management reserve.
D) Reserves are usually included in the total budget of a project.
Your answer=,
Correct answer= ,
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- The list of identified risks is found in the risk register whereas the high-level risks are listed in the:
A) Scope statement
B) Requirement document
C) Project charter
D) Risk management plan
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As part of a strategy to handle negative risk, a project manager decided to adopt less complex processes, conduct more tests and choose a more stable supplier. What strategy would this be classified as?
A)
Acceptance
B)
Transference
C) Mitigation
D) Avoidance
Your answer=,
Correct answer= ,
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