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NEW QUESTION 34
You are using the interviewing technique of the Quantitative Risk Analysis process. You intend to use normal and lognormal distributions. All of the following statements are true regarding this question except which one?
- A. Distributions graphically display the impacts of risk to the project objectives.
- B. Normal and lognormal distributions use mean and standard deviation to quantify risks.
- C. Triangular distributions rely on optimistic, pessimistic, and most likely estimates to quantify risks.
- D. Interviewing techniques are used to quantify the probability and impact of the risks on project objectives.
Answer: A
Explanation:
Distributions graphically display the probability of risk to the project objectives as well as the time or cost elements.
NEW QUESTION 35
While meeting with the project team, the project manager learns that the new department manager, while abroad is raising questions. What should the project manager do next?
- A. Provide the kick-off meeting notes to the department manager
- B. Refer the department manager to the change control board (CCB)
- C. Conduct a stakeholder analysis.
- D. Raise the issue with the project sponsor
Answer: C
NEW QUESTION 36
You are a project manager of ABC organization. Your project covers more than one department or technical area of expertise. Which type of organization is BEST for this project?
- A. PROJECT EXPEDITOR
- B. PROJECTIZED
- C. FUNCTIONAL
- D. MATRIX
Answer: D
Explanation:
In this case where project covers more than one department or technical area of expertise a MATRIX organization is needed with representatives from each department or discipline is best. < li >PROJECTIZED: All organization is by projects. The project manager has total control of projects. Personnel are assigned and report to a project manager. < li >FUNCTIONAL: The organization is grouped by areas of specialization within different functional areas (e.g., sales, marketing etc.In this organization Project Manager has least power).
NEW QUESTION 37
You are the project manager at Day-Old donuts a rapidly growing franchise selling premium donuts at a discount. Currently, your company is planning on opening additional stores throughout Europe. Your company is evaluating different areas for expansion including
France, Germany and England. Your steering committee used a weighted score model and found that in England with a score of 75, provided the best opportunities for expansion. Which of the following statements are true?
- A. Weighted scoring models are constrained optimization method, and is tool/ technique of the initiation process group
- B. Weighted scoring models are benefit measurement method, and is tool/ technique of the initiation process group
- C. Weighted scoring models are benefit measurement method, and is input to the initiation process group
- D. Weighted scoring models are constrained optimization method, and is an input to the initiation process group
Answer: B
NEW QUESTION 38
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