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1. When should a risk be avoided?
A) A risk event can never be avoided.
B) When it can be transferred by purchasing insurance.
C) When the risk event is unacceptable, generally one with a very high probability of occurrence and high impact.
D) When the risk event has a low probability of occurrence and low impact.
2. What of the following is NOT part of the root cause analysis process?
A) Proposals for corrective/ preventive actions.
B) Identify the people/teams responsible for the cost overrun.
C) Gather the facts.
D) Escaped defect analysis.
3. What is the correct GIC to plan costs related to payment of a subcontractor responsible for BTS commissioning?
A) 7348 project management.
B) 7333 construction works.
C) 7332 site acquisition.
D) 7331 Implementation.
4. What of the following options is the most appropriate course of action when the project resource cost to date exceeds the plan in the CBL?
A) Compensate for the unplanned resources by releasing part of the risk contingency.
B) Close the related SvO in WTR and SAP so resources can no longer book their time, as the cost plan has been exceeded.
C) Increase the values in the EAC to reflect the increased resource cost.
D) Discuss this with the project manager and realign the resourcing plan for the remainder of the project, updating the EAC if required.
5. The Resource Breakdown Structure (RBS) is a:
A) hierarchical structure of the identified resources.
B) database showing the competences of the assigned resources.
C) breakdown of scope by assigned resources.
D) output of the process activity sequencing.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |
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