Which statement about risks is FALSE?
A. A risk that could have a positive impact on a project’s objectives is known as an opportunity
B. A risk that could have a negative impact on a project’s objectives is known as a threat
C. A risk that a project’s product is incomplete is known as an off-specification
D. A risk is an uncertain event that, should it occur, will have an effect on a project’s objectives
Which aspect of project performance must be managed to avoid misunderstandings on what the project is to deliver?
A. Timescale
B. Scope
C. Risk
D. Costs
Which product documents the information needed to demonstrate continued business justification?
A. Business Case
B. Communication Management Strategy
C. Project Product Description
D. Quality Management Strategy
Which is an objective of the Closing a Project process?
A. Review and approve the plan for project closure
B. Review the performance of the project against its baseline
C. Perform any post-project reviews
D. Create a Benefits Review Plan
In which product does a Project Manager define the time and cost tolerances for the work to be done by a Team Manager?
A. Product Description
B. Team Plan
C. Work Package
D. Stage Plan
Which is NOT a requirement of a Stage Plan?
A. Produced to an appropriate level of detail to enable day-to-day control
B. Produced near to the end of the previous management stage
C. Approved and signed-off by Project Assurance
D. Approved at the end of a management stage
What should influence the Project Board’s decision whether to delegate its Project Assurance responsibilities?
A. The preference of the Project Manager
B. Having insufficient authority to perform the role
C. Having insufficient time to perform the role
D. The need to involve key stakeholders on the project management team
Which should be used to document any uncompleted work that needs to be done to a project product after the project has closed?
A. Off-specifications
B. Follow-on action recommendations
C. Issue Register
D. Risk Register
Which describes risk probability?
A. Level of risks which the project can tolerate before escalating to the Project Board
B. Probable effect on the project delivering its objectives
C. Timeframe within which the risk may occur
D. A measure of the likelihood of the risk occurring
What product identifies the management stages and other major control points in a project?
A. Business Case
B. Project Plan
C. Work Package
D. Project Brief