DRAG DROP

INITIATING A PROJECT

Here are three actions that are carried out as part of the 'initiating a project' process.

During which activity (A-F) should the action occur?

Choose only ONE activity for each action. Each activity can be used once, more than once, or not at all.

Select and Place:

During the initiation stage, the executive decided to appoint a change authority because a large number of small changes were expected. The executive wanted to restrict the cost of any single change that the change authority will be allowed to authorize. As a result, the change authority will only be allowed to authorize requests for change that require no more than 2 days of effort with the associated cost.

Is this an appropriate action, and why?

A. Yes, because there are typically limits for any single change applied within the change budget

B. Yes, because the change budget should be agreed when setting up the project controls

C. No, because it is the project board that is responsible for approving requests for change

D. No, because cost tolerance should be used to fund work that costs a small amount more than expected

While preparing the Risk Management Strategy, the Project Manager considered the commercial customer/supplier environment and how this may affect the management of risk. Which approach should the Outsourcing project adopt?

A. Plan to use the selected service provider's risk management procedures.

B. All project risks associated with the specialist deliverables should be owned by the selected service provider.

C. Due to the sensitive nature of this project, consideration should be given to creating a separate Risk Register to be held by MFH and the selected supplier.

Which activity is responsible for updating the stage plan with actual during Controlling a Stage?

A. Review the stage status

B. Review work package status

C. Report Highlights

D. Take corrective action

The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.

Which 2 statements should be recorded under the Risk management procedure heading?

A. When a new problem arises, a full impact analysis will be undertaken to assess the impact on the project' objectives and Business Case.

B. Probability will be assessed against the scales defined in this Risk Management Strategy.

C. Any risk which has an expected value of more than ? k will NOT be registered.

D. Every threat and opportunity identified must be clearly defined in terms of cause, event and effect.

E. 'Reduce' Response actions which result in a lower impact and/or probability rating.