if the project schedule review shows that you are 20% behind schedule, the project manager should: a. immediately notify the project sponsor b. add the event to the risk register c. report the variance as an issue d. perform additional cycles of risk identification because you obviously missed one of the risks
c. report the variance as an issue
Identifying the risk at this stage shall not actually help in curbing the lagging in schedule neither would adding the event to the risk register help. So alternatively, it is recommended to report the variance as an issue and check for possible solutions such as Crashing in the project wherein additional resources could be added in the critical path to cover the lag in the schedule to some extent.
if the project schedule review shows that you are 20% behind schedule, the project manager should:...
Develop a Risk Log (aka Risk Register), identifying ten (10) risks for a project you are currently working on. Format the spreadsheet such that it is understandable to all project stakeholders regardless of their knowledge of Project and/or Risk Management, and easily viewable, for reporting purposes. The format should be valuable to both technical team members and your project sponsor. Rubric Points Identification of Risks 50 Required Fields 20 Grammar and Proper Citations 10 Clear Format and Easy to View/...
How often should you review or revisit the risk register? Who should help identify project risks?
Use the following scenario. Review the scenario first and then continue on with your assignment. Consider saving the PDF or printing it out for your reference. You have been meeting with the CEO, the project sponsor, your manager, and the heads of all the other departments to discuss the project and their expectations. You are starting to be concerned about the level of risk of this project and whether or not the organization really understands it. As far as you...
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You just completed developing the schedule for your project and got the approval from stakeholders and the sponsor. One of the team members assigned to work on a critical component informs you that she needs additional time to complete her activities as several relevant pieces were missed during planning. Her updated estimate would have no impact on the critical path; thus, the project duration would be the same. The best approach the project manager may take in this situation will...
NO EXPLANATION NEEDED, JUST ANSWER. A senior manager is in the process of selecting a project manager for a new initiative that is very important for the company’s future. What is the key factor in choosing a project manager? The project manager should be the most technically competent person on the team The PM works well with various levels of management The project manager should be the functional manager of the most people on the team The project manager must...
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1 You are project manager in a global project with a team consisting of people from various countries. What can you try to prevent misunderstandings due to cross-cultural differences? a Use all communication methods available that are suitable for the team and follow up in writing when communicating verbally. Remember that cultural and individual diversity may help project teams solving unforeseen problems during the course of the project. b When you are about to form a team for your project,...