Question

1) With a maturity risk of 0.3, a complexity risk of 0.4, and a dependency risk of 0.5, the prot of failure is: A) About 0.4. B) About 0.3. C) About 0.6. D) About 2) ABC company compares the way they manage projects with the way rival NBC company manages projects. ABC company is engaged in: A) Ring level 0. B) Competitive benchmarking. C) Corporate espionage D) Cutting edge practices. 3) A project manager can identify personnel who will be directly responsible for each task in project's development by using a(n): A) Responsibility assignment matrix. B) Work package report C) Milestone designation chart. D) Merrill report. 4) All groups that are affected by a project are known by this name: A) Ombudsmen. B) Minions C) Team members. D) Stakeholders. 5) Project management is first and foremost: A) A budget management challenge. C) A people management challenge. B) A perception management challen D) A customer service challenge. 6) Organizational breakdown structure (OBS) allows companies to: A) Circumvent the onerous task of work breakdown structure. B) Define the work to be accomplished. C) Issue a preliminary TPS report D) Assign the duties of tracking costs to the customer's accounting function. 7) One of the BEST methods for ensuring that a negotiation proceeds along substantive lines frame the discussion around: A) Broadening options. B) Subjective criteria. C) Objective criteria. D) Negative brainstorming 8) A simple scoring model for project evaluation requires: A) Score values assigned to each criterion in terms of its rating. B) Importance weights from 1 to 10 assigned to each criterion C) A division of weights by scores to arrive at a standardized score for each criterion D) A summation for each criterion to achieve an overall criterion score.

Answer 1

1. Probablity of failure = (0.3+0.4+0.5/3=0.36) about 0.4. Thus the correct option is A

2. Option B, Competetive benchmarking involves comparing the performance of our company with a rival company of a similar size and structure

3. Option A, responsibility assignment matrix can be used for the purpose.

4. Minions, Option B

5. Option C, A people management challenge.

6. Option B, A structure which allows companies to define the work to be accomplished and assign it

7. Option C, best methods for ensuring that a negotiation proceeds along substantive lines is to frame the discussion around objective criteria.

8. Option A, A simple scoring model for project evaluation requires score values assigned to each criterion in terms of its rating.

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