Answers |Actual Complete Exam| Already Graded A+
Crashing ✔Correct Answer-Involves adding extra resources to the critical path.
Decision Tree Analysis ✔Correct Answer-calculates une expected monetary value
To help you and your team determine the best path to Follow. (Risk;emv)
Firm Fixed Price (FFP) ✔Correct Answer-Pricing does not change. Favored by organization. Risk on
seller.
Project Charter ✔Correct Answer-Provides high level project objectives. Definite the boundaries of
the project scope.
RACI chart ✔Correct Answer-Responsible, Accountable, Consult, Inform
Deming Cycle ✔Correct Answer-Plan, Do, Check, Act
Ishikawa Diagram (Fishbone) ✔Correct Answer-Identifying potential causes of a problem, showing
cause and effect relationships.
Risks - Threats ✔Correct Answer-Avoid - remove root cause
Transfer: 3rd party
Mitigate:
Accept: no change
Risk - Opportunities ✔Correct Answer-Exploit - change plans to remove uncertainty
Share - Allocate
Enhance - increase positive impact or probability
Accept - not actively pursued
EAC (Estimate at Completion) ✔Correct Answer-BAC / CPI (budget at completion divided by cost
performance index)
Prediction of what the project will cost when completed.
Phase review ✔Correct Answer-Kill point
Analogous Estimating ✔Correct Answer-An approach that relies on historical information to predict
the cost of the current project. It is also known as top-down estimating and is the least reliable of all
the cost-estimating approaches.
Similar project.
PSR ✔Correct Answer-product, service, or result
Data Analysis ✔Correct Answer-Alternative analysis
Root cause analysis
Variance analysis
Trend analysis
,Risk report ✔Correct Answer-report summarizing the project risks
Risk Register ✔Correct Answer-Potential project risks, owners of each risk and a potential risk
response.
Data Gathering ✔Correct Answer-The process of collecting facts and figures.
Brainstorming
Interviews
Focus groups
Checklist
Questionnaire
Surveys
Gather data information about a particular process that you are working on.
Informal communication ✔Correct Answer-Emails
Social media
Website
Informal adhoc discussion
Colocation ✔Correct Answer-Same place/ location.
Formal communication ✔Correct Answer-Reports
Meeting agendas
Stakeholder briefings
Formal meetings
Physical Resources ✔Correct Answer-Supplies
Materials
Tools
Equipment
Facilities
Software
Databases
Schedule Variance (SV) ✔Correct Answer-EV - PV
Negative is behind schedule; positive is ahead of schedule
Schedule Performance Index (SPI) ✔Correct Answer-EV/PV
Tuckman's Stages of Group Development ✔Correct Answer-forming, storming, norming,
performing, adjourning
Planned Value (PV) ✔Correct Answer-Planned% x BAC
Earned Value (EV) ✔Correct Answer-Actual % Complete x BAC
Work Breakdown Structure (WBS) ✔Correct Answer-A deliverables-oriented breakdown of the
project scope.
, Breakdown deliverables into smaller manageable components.
Output: scope baseline
Tool: decomposition
Prevention Costs ✔Correct Answer-Prevent defects or issues.
Example: training or process improvements
Communications Management Plan ✔Correct Answer-Strategy for how we will collect, create, and
distribute information.
Stakeholders Engagement ✔Correct Answer-Communication strategies to engage stakeholders.
Estimate at Completion (EAC) ✔Correct Answer-An estimate of what it will cost to complete the
project based on performance to date.
Purchase Order ✔Correct Answer-A document that formally requests a supplier to sell and deliver
specified products at designated prices. It is also a promise to pay and becomes a contract once the
supplier accepts it.
Simple type of contract.
Example of Work Performance ✔Correct Answer-Status Report
Project Update Memo
Project Recommendations
Communication Channels ✔Correct Answer-n(n-1)/2
Project Baselines ✔Correct Answer-Scope baselines, schedule baselines and cost baselines
Who approves change requests? ✔Correct Answer-Change control board
Customer or sponsor
Secondary Risks ✔Correct Answer-New risks that are created as a result of a risk response.
Quality Management ✔Correct Answer-Plan Quality
Management Quality
Control Quality
McGregor's Theory X and Theory Y ✔Correct Answer-Theory X - the assumption that employees
dislike work, are lazy, avoid responsibility, and must be coerced to perform.
Theory Y - the assumption that employees are creative, enjoy work, seek responsibility, and can
exercise self-direction.
David McClelland ✔Correct Answer-Power - wanting control to influence others
Affiliation - wanting to belong to a group
Achievement - accomplish goals