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QUESTION NO: 1
Your company and a competing company have created a teaming agreement for an opportunity.
Through this team agreement you and your competitor can complete a major program for a client.
This is, technically, a risk response for both organizations. What type of risk response are you dealing with in this instance?
A. Teaming
B. Exploiting
C. Accepting
D. Sharing
Answer: D
QUESTION NO: 2
You are the program manager of the NHQ Program. You are working with your program team to ensure that the work in the program is done accurately and according to scope. You are also reviewing the team inspection process that will need to be done to ensure that the work is being done according to the scope.
If the work is found to be defective it will need to be corrected before the program customers can inspect the work. What process are you completing to ensure that the work is done accordingly to scope?
A. Quality control
B. Scope verification
C. Quality assurance
D. Planning
Answer: C
QUESTION NO: 3
A project manager in your program has estimated the cost of a program to be $145,000. As the project manager's project comes close to completion, the project manager realizes that he has still $27,876 left in his project budget. He decides to add some additional features to the project's deliverables in an effort to use the remaining budget. These additions will add value to the project and the project customer is likely to enjoy these new features. This is an example of what term?
A. Gold plating
B. Errors and omissions
C. Expert judgment by the project manager
D. Value added change
Answer: A
QUESTION NO: 4
Andy is the program manager of the HQN Program. This program is nearing its completion and there is still $25,000 left in the program budget. Andy has asked the program team to identify some extra deliverables that can be included in the program scope to improve the program deliverable but also to use all of the funds in the budget. What term is assigned to the actions that Andy is trying to do in this instance?
A. Value-added change requests
B. Zero based budgeting
C. Integrated change control
D. Gold plating
Answer: D
QUESTION NO: 5
What analysis type could you use in a program to compare the positive stakeholders and their position, power, and influence over your program to the same variable components of the negative stakeholders in your program?
A. Sensitivity analysis
B. Stakeholder analysis
C. Monte Carlo simulation
D. Force field analysis
Answer: D
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Updated: May 26, 2022