PROJ 595 Final Exam Set 1
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Question 1. (TCOs A and B) An EVM analysis employs which
factors to evaluate risks? (Points : 5)
Question 2. (TCO G) You have completed all design drawings and
have a complete scope for your project. You need to hire a
contractor to build the product to your designs. Which type of
contract would be best in this situation? (Points : 5)
Question 3. (TCO D) In which risk response strategy is the
responsibility for the risk moved to a third party? (Points : 5)
4. (TCOs A and B) You have been appointed as a project manager
for a high-dollar project for a government agency, and you have
been asked by your boss to identify the stakeholder groups and the
individuals who make up those groups in order to start the
stakeholder analysis. Identify at least six groups of stakeholders
and the individuals who comprise those groups, and explain when
the stakeholder identification process should take place during the
planning of the project. (Points: 20)
,(TCO B) Due to globalization within your industry, you have been
appointed as the project manager for an R & D project. Your task
is to create a new technologically advanced solar cell. You want to
employ the PMBOK® Guide risk management process. Senior
management would like you to briefly describe the process and all
its steps. Please create a short briefing for senior management
below. (Points : 40)
(TCO I) You are the project manager on a critical project for your
corporation. You have decided to employ fault-tree analysis on your
project. What is fault-tree analysis, and how can it be applied to
your project? (Points : 25)
(TCO H) Senior management is concerned about risk owners on
your project. What is the role of a risk owner in the risk
management process? (Points: 20)
(TCO F) You are a project manager for a large healthcare R & D
project. Senior management has asked you to utilize a sensitivity
analysis and a tornado diagram to quantify risks on your project.
Senior management’s major concern is the price of raw materials in
the development of the new drug. Describe how to perform a
sensitivity analysis and use a tornado diagram to quantify risks to
your project. (Points : 25)
TCO G) Describe and discuss when one should use an FPEPA
contract. Compare and contrast this to a typical FP contract.
(Points: 20)
, (TCO E) Senior management has just returned from a risk
management workshop. One of the topics was reserve analysis.
Management does not completely understand the concept and asks
you what the purpose is of performing reserve analysis during the
risk management process. (Points : 20)
TCO D) You are the project manager for an important healthcare
project. You are performing qualitative risk analysis. Below are the
values of probability and impact for the top six risks that were given
to you by project team. Assuming a neutral stakeholder tolerance,
which risks must be addressed proactively if possible?(Points : 25)
TCO C) You are the project manager for a large health
information technology project. You are confronted with an
important decision on your project: How much scenario testing is
appropriate for this project? Employ decision tree analysis to
provide senior management with the best course of action for this
decision.
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PROJ 595 Final Exam Set 2
FOR MORE CLASSES VISIT
www.proj595rank.com
Question 1. (TCOs A and B) An EVM analysis employs which
factors to evaluate risks? (Points : 5)
Question 2. (TCO G) You have completed all design drawings and
have a complete scope for your project. You need to hire a
contractor to build the product to your designs. Which type of
contract would be best in this situation? (Points : 5)
Question 3. (TCO D) In which risk response strategy is the
responsibility for the risk moved to a third party? (Points : 5)
4. (TCOs A and B) You have been appointed as a project manager
for a high-dollar project for a government agency, and you have
been asked by your boss to identify the stakeholder groups and the
individuals who make up those groups in order to start the
stakeholder analysis. Identify at least six groups of stakeholders
and the individuals who comprise those groups, and explain when
the stakeholder identification process should take place during the
planning of the project. (Points: 20)
,(TCO B) Due to globalization within your industry, you have been
appointed as the project manager for an R & D project. Your task
is to create a new technologically advanced solar cell. You want to
employ the PMBOK® Guide risk management process. Senior
management would like you to briefly describe the process and all
its steps. Please create a short briefing for senior management
below. (Points : 40)
(TCO I) You are the project manager on a critical project for your
corporation. You have decided to employ fault-tree analysis on your
project. What is fault-tree analysis, and how can it be applied to
your project? (Points : 25)
(TCO H) Senior management is concerned about risk owners on
your project. What is the role of a risk owner in the risk
management process? (Points: 20)
(TCO F) You are a project manager for a large healthcare R & D
project. Senior management has asked you to utilize a sensitivity
analysis and a tornado diagram to quantify risks on your project.
Senior management’s major concern is the price of raw materials in
the development of the new drug. Describe how to perform a
sensitivity analysis and use a tornado diagram to quantify risks to
your project. (Points : 25)
TCO G) Describe and discuss when one should use an FPEPA
contract. Compare and contrast this to a typical FP contract.
(Points: 20)
, (TCO E) Senior management has just returned from a risk
management workshop. One of the topics was reserve analysis.
Management does not completely understand the concept and asks
you what the purpose is of performing reserve analysis during the
risk management process. (Points : 20)
TCO D) You are the project manager for an important healthcare
project. You are performing qualitative risk analysis. Below are the
values of probability and impact for the top six risks that were given
to you by project team. Assuming a neutral stakeholder tolerance,
which risks must be addressed proactively if possible?(Points : 25)
TCO C) You are the project manager for a large health
information technology project. You are confronted with an
important decision on your project: How much scenario testing is
appropriate for this project? Employ decision tree analysis to
provide senior management with the best course of action for this
decision.
=============================================
==
PROJ 595 Final Exam Set 2
