PMP_QA_1000_Questions Part 08
Question 526
Which of the following is NOT a valid reason to authorize a project?
A. Social needs
B. Legal requirements
C. Technological advance
D. Risk identification
Answer: D
Question 527
One of your friends is a project manager at a computer security company. She is currently managing a project for the development of a NAC (network admissions control) appliance that uses the network infrastructure to enforce security policy compliance on all devices seeking to access network computing resources, thereby limiting damage from emerging security threats. The NAC appliance will provide with self-contained endpoint assessment, policy management, and remediation services. The company had performed a similar project a couple years ago.
This is critical project fro the company, and he is under tremendous pressure to deliver the project. Unfortunately, he is new in the company, and the project is growing in size everyday. He is starting to feel overwhelmed by the project. What is his BEST course of action?
A. Ask for additional resources from his supervisor
B. Ask the previous project manager for assistance
C. Obtain the historical records and guidance from the PMO
D. Contract from an outside vendor to provide the necessary technical expertise
Answer: C
Question 528
Which of the following best describes progressive elaboration?
A. Process of soliciting proposals from prospective sellers and vendors
B. Process of starting a new task prior to the completion of current project tasks
C. None of the choices are correct
D. Process of identifying the characteristics of products Answer: D
Question 529
You are the project manager at Day-Old donuts a rapidly growing franchise selling premium donuts at a discount. Currently, your company is planning on opening additional stores throughout Europe.
Your company is evaluating different areas for expansion including France, Germany and England. Your steering committee used a weighted score model and found that in England with a score of 75, provided the best opportunities for expansion. Which of the following statements are true?
A. Weighted scoring models are constrained optimization method, and is an input to the initiation process group
B. Weighted scoring models are constrained optimization method, and is tool/ technique of the initiation process group C. Weighted scoring models are benefit measurement method, and is input to the initiation process group
D. Weighted scoring models are benefit measurement method, and is tool/ technique of the initiation process group
Answer: D
Question 530
When should a project manager be assigned to a project?
A. When a stakeholder select a project manager
B. After the project planning has be done
C. During the develop preliminary project scope statement process D. After the WBS document has developed
E. During the develop project charter phase of the project Answer: E
Question 531
According to the PMI, who should develop the project charter?
A. None of the choices are correct
B. Project initiator external to the project organization C. Project sponsor that is part of the project organization D. The project manager
E. The customer
Answer: B
Question 532
In which of the following processes in the initial process group is one responsible for producing a high-level definition of the project and
documenting the project requirements, deliverables and method of acceptance?
A. Scope planning
B. Develop preliminary project scope statement
C. Develop project management plan
D. Develop project charter
E. Create WBS
Answer: B
Question 533
You are the project manager for an information technology division of a large financial services firm in the United States. Your company offers a web based trading platform that provides options and futures trading for U.S commodities markets. Due to the rise in popularity of futures and options trading, your company has grown rapidly. In fact, due to rapid growth, the company’s I.T. infrastructure is unable to meet the growing demands.
To keep up with the demands you have been assigned the responsibility of upgrading the company’s network and company’s infrastructure. You have been asked to calculate the payback period for the project that is to be completed in the next 24 months.
A. 4.5 years
B. 4 years
C. 5.5 years
D. 3 years
E. 2 years
Answer: B
Question 534
Which of the following terms best describe the approach used by organizations to treat aspects of ongoing operations as project in order to apply project management technique to them?
A. Product management
B. Management by projects
C. Program management
D. Operations project management
Answer: B
Question 535
Which of the following statements are true regarding the difference between a project expediter and coordinator roles?
A. There are no functional differences between the project expediter and coordinator roles
B. The project coordinator cannot make or enforce decisions C. The project coordinator reports to higher-level manager D. The project expediter van make and enforce decisions E. The project expediter has more authority than project coordinator
Answer: C
Question 536
You are the project manager at Happy Coffee Café, a rapidly growing franchise selling premium blended coffee. Currently, your company is planning on opening additional stores throughout Europe. Your company is evaluating different areas for expansion, including France, Germany, and England. Based on your market analysis, you have obtained the following information:
England-IRR (33%), payback period (1.5 years)
France-IRR (45%), payback period (1.1 years)
Germany-IRR (36%), payback period (0.75 years)
A. England since IRR is lowest
B. Germany since payback period is shortest
C. France since the IRR is the highest
D. England since the payback period is the longest
Answer: C
Question 537
Which of the following statements are true regarding the project charter?
A. The project charter describes the business needs of the project and should be published under the name of project manager B. The project charter includes the project goals and objectives and should be published under the name of project sponsor C. The project charter includes resources and cost estimates and should be published by a manager external to the project D. The project charter includes resources and cost estimates and should be published under the name of project manager E. None of the statements are true
Answer: C
Question 538
Suppose your company has acquired a high end server three years ago for $100,000. The server’s current book value is $20,000. The $20,000
book value sis best considered a:
A. Variable cost
B. Indirect cost
C. Sunk cost
D. Direct cost
E. Fixed cost
Answer: C
Question 539
You are the project manger at a utility company. Due to the recent rise in the cost of petroleum, your organization is exploring cheaper, alternatives forms of energy. You are in the process of developing the project charter. All of the following are tools/ techniques that you can use to develop the project charter EXCEPT:
A. Project management methodologies
B. PMIS
C. Decomposition
D. Project selection methods
E. Expert judgment
Answer: C
Question 540
Which of the following statements are true regarding decision models using multi objective programming algorithms?
A. These are tool/techniques in the Quantitative risk analysis process
B. These are benefit measurement methods
C. These are input to the develop project charter process D. These are constrained optimization methods/ mathematical models
E. These are inputs to the develop preliminary project scope statement process
Answer: D
Question 541
You are in the process of developing an approximation of the costs of the resources needed to complete each schedule activity. Which of the following statements are FALSE regarding this process?
A. Activity resource estimation involves determining the quantity and type of resources required (staff, equipment, material, etc) and is loosely coordinated with the cost estimating
B. Schedule activity duration estimates may affect cost estimates that have time-sensitive costs
C. The staffing management plan is an input to this process and describes the type and quantity of resources required to complete project work
D. None of the choices are correct
E. Activity duration estimating will affect cost estimates when the project budget includes an allowance for cost financing Answer: C
Question 542
Which of the following best describes the calculations of late finish dates and late start dates for the uncompleted portions of all network activities?
A. Backward pass
B. Baseline
C. Schedule variance
D. Forward pass
E. Precedence diagramming method
Answer: A
Question 543
You are an information security project manager responsible for securing your cooperate network. Due to new regulations mandated by the Sarbanes-Oxley act your company’s upper management has tasked you with securing the company’s network infrastructure.
Unfortunately, you lacked detailed knowledge regarding firewall and IPS-related technologies. You are relying on an outside security consulting firm to provide you with expert judgment regarding these technologies. You are trying to forecast how often you’ll require their expert judgment during your project. Expert judgment is a tool/
technique in all of the following processes EXCEPT:
A. Develop project charter
B. Develop preliminary project scope statement
C. Develop project management plan
D. Scope planning
E. Schedule development
Answer: E
Question 544
Which of the following process takes the activities that are defined in the WBS and activity list, and accesses the amount of time required to complete these activities?
A. Activity duration estimation
B. Activity definition
C. Activity sequencing
D. Schedule development
Answer: A
Question 545
Which of the following processes utilize rolling wave planning as a tool/
technique?
A. Create WBS
B. Activity sequencing
C. Scope planning
D. Activity definition
E. Scope definition
Answer: D
Question 546
A risk impact scale that uses rank-ordered values as very low, low, moderate, and high is considered:
A. Probability scale impact
B. Non linear scale
C. An ordinal scale
D. Linear scale
E. A cardinal scale
Answer: C
Question 547
A poorly defined staffing management plan will LEAST directly impact: A. Ability to estimate costs associated with schedule activities B. Ability improve competencies of team members
C. Ability to obtain human resources needed to complete project D. Ability track project team performance
E. Ability to create the roles and responsibilities list needed to complete the project
Answer: E
Question 548
The detailed project scope statement includes all of the following EXCPET:
A. Project objectives, project scope description, project requirements
B. Fund limitation, cost estimate, configuration management requirements
C. Project specification, approval requirements, WBS
D. Project boundaries, project deliverables, project acceptance criteria
E. Constraints/ assumptions, initial defined risks, schedule milestones
Answer: C
Question 549
Supporting details for activity cost estimates should include all of the following EXCEPT:
A. Range of possible estimates
B. Cost baseline
C. Description of project scope of work
D. Documentation of constraints and assumptions
E. Documentation of how the estimates were developed
Answer: B
Question 550
You have been hired as a project manager for a local bank. Bank wants to develop and design the custom online bill pay software so that its customer can pay bills online. You are ready to begin the activity duration estimates for your project.
Two years ago you were involved in prior project where a team of ten programmers were able to create similar bill pay software in 180 days.
Therefore in estimating the duration of this new project, you decided to use 180 days as an estimate. This is an example of which type of estimating technique?
A. Reserve time
B. Decomposition
C. Qualitatively based duration
D. Analogous estimating
Answer: D
Question 551
All of the following can be used to estimate contingency reserves during activity duration estimating except:
A. Percentage of estimated activity duration
B. Fixed number of work periods
C. Quantitative schedule risk analysis
D. None of the choices are correct
Answer: A
Question 552
Which of the following processes is involved with allocating the overall cost estimate to individual work activities?
A. Cost budgeting
B. Cost estimating
C. Cost control
D. Activity resource estimating
Answer: A
Question 553
You are in the process of analyzing activity sequence, durations, resource requirement, and schedule constraints in order to create the project schedule. Which of the following is least helpful input in this process?
A. Activity attributes, project schedule network diagram B. Activity duration estimates, risk register
C. Activity resource requirement, resource calendars
D. Schedule baseline, performance reports
E. Project scope statements, activity list
Answer: D
Question 554
Risks that may affect the project can be identified and organized into risk categories. Which of the following is a not possible risk category?
A. External
B. Technical
C. None of the choices are correct
D. Organizational
E. Environmental
Answer: C
Question 555
Risk diagramming techniques include all of the following except: A. Influence diagram
B. Ishikawa diagram
C. Fishbone diagram
D. Pareto charts
E. Process flow charts
Answer: D
Question 556
You are in the process of identifying and documenting risk project. You are using various information gathering techniques to identify the project risks. All of the following are information gathering techniques except:
A. Delphi technique
B. SWOT analysis
C. Brainstorming
D. Assumption analysis
E. Root cause identification
Answer: D
Question 557
You are a project manager at construction company, assigned to repaint the 30-story building. One of the initial tasks are to scrape the original paint off the building and then to prime the building. But before the building can be primed, the original paint must be scraped off the building.
However priming can begin while scraping is underway. The two tasks can progress in parallel. Which of the following relationship type best describes this dependency between scraping and priming?
A. Start to finish
B. Start to start
C. Finish to start
D. Finish to finish
Answer: B
Question 558
Which of the following are true regarding project risk management?
A. Qualitative risk analysis involves prioritizing risk by their impact and probability of occurrence
B. None of the statements are true
C. Risk management involves determining which risk might effect the project
D. Qualitative risk analysis involves numerically analyzing the impacts of identified risks
E. Risks identification involves deciding how to plan and and execute risk management activities
Answer: A
Question 559
You are using three point estimating technique to estimate the estimate of a scheduled activity. Which of the following statement are true given the following data:
[Pessimistic=100 days] [Optimistic=40 days] [Most likely=65 days]
Assuming a beta distribution you calculate that the duration average=66.6 days and duration
variance=100.
Assuming a triangular distribution you calculate that the duration average=68.33 days, and duration
variance=151.38
A. The triangular distribution gives a more optimistic and more optimistic and aggressive value for the mean
B. The triangular distribution gives an estimate with larger uncertainty
C. The data distribution gives a more pessimistic and more conservative value for the mean
D. None of the statements are true
Answer: B
Question 560
You are the project manger assigned to perform seismic retro-fitting on an old office building. You are trying to estimate the costs for this project. You start by assigning the costs associated with each of the project activities. Then you sum up all the individual costs into a final cost estimate. Which type of cost estimating technique id you see?
A. ADM
B. Bottom-up estimating
C. PDM
D. Parametric estimating
E. Analogous estimating
Answer: B
Question 561
You are the project manager for a software company that develops children’s video games. You have been assigned to develop a new game that makes mathematics fun for children. You need to gather necessary information to write the project scope management plan.
Which of the following information do you NOT need as inputs to your current process?
A. Project charter
B. Organizational process assets
C. Preliminary project scope statement
D. Templates, forms, and standards
E. Enterprise environmental factors
Answer: D
Question 562
Which of the following statements are true regarding the critical path of a project schedule?
A. Any project activity with a float time of zero or greater is considered a critical path tasks
B. Any project activity with a positive float time is considered a critical path tasks
C. None of the statements are true
D. Any project activity with a float time that equals zero is considered a critical path tasks
Answer: D
Question 563
All of the following statements regarding the risk breakdown structure (RBS) is true EXCEPT:
A. None of the choices are correct
B. The RBS lists the categories and sub-categories within which risks may arise
C. The RBS describes the list of identified risks, list of potential responses, and root causes of risks
D. The lowest level of risk breakdown structure can be used as a risk checklist
E. The risk breakdown structure represents a hieratically organized representation of identified project risks arranged by risk categories
Answer: C
Question 564
You are in the process of estimating the number of work periods that will be needed to complete individual schedule activities. All of the following are tools/ techniques you can use EXCEPT:
A. Estimating duration by multiplying the quantity of work to be performed by productivity rate
B. Estimating duration by calculating the average of three duration estimates (most likely, optimistic, pessimistic)
C. Estimating duration by using contingency reserves
D. Estimating duration from a previous, similar schedule activity based on historical information and expert judgment
E. Estimating duration by calculating multiple project durations with varying sets of activity assumptions using Monte Carlo analysis Answer: E
Question 565
Which of the following statements regarding Schedule Network Analysis is true EXCEPT:
A. Schedule network analysis provides a graphical representation of situations showing casual influences, time ordering of events, and relationships among variables and outcomes
B. Schedule network analysis calculates the early and late/finish dates and scheduled start/finish dates for uncompleted portions of the project schedule activities
C. Schedule network analysis is a tool/ technique of the schedule development process
D. Schedule network analysis employs various analytical techniques such as critical path method, critical chain method, what-if analysis, and resource leveling
E. Schedule network analysis is a technique that generates the project schedule
Answer: A
Question 566
Which of the following is typically displayed as a S-shaped curve?
A. Pareto diagram
B. Critical path
C. None of the choices are correct
D. Resource histogram
E. Cost baseline
Answer: E
Question 567
Cost aggregation, reserve analysis, funding limit reconciliation, and parametric estimating are tool/ techniques of which process?
A. Cost estimating
B. Cost budgeting
C. Cost control
D. Activity duration estimating
E. Activity resource estimating
Answer: B
Question 568
All of the following statements are true regarding the cost baseline EXCEPT:
A. The cost baseline is a part of the project management plan B. The cost baseline is usually displayed as a S-shaped curve C. Cost baseline is are management control point where budget and actual cost are integrated and compared to earned value for performance measurement
D. The cost baseline involves aggregating the estimating cost of individual activities or work packages and is an output of the cost budgeting process
E. A project may have multiple cost baseline
Answer: C
Question 569
You are a project manager developing a project plan for the renovation of historic landmark. You are in the process of performing some risk planning. your risk management plan should include all of he following except:
A. Scoring and interpretation
B. Methodology
C. Response to individual risk
D. Timing
E. Roles and repomsibilities
Answer: C
Question 570
Planning components are tools of activity definition process. Which of the following are planning components?
A. Activity attributes
B. Control accounts
C. Milestone list
D. Planning package
E. Activity list
Answer: B,D
Question 571
Which of the following are the part of WBS dictionary except: A. Statement of work to be performed
B. Code of account identified
C. Activity attributes
D. Who is responsible for the work
E. Schedule milestone
Answer: C
Question 571
All of the following statements regarding decision tree analysis are true except:
A. Decision tree is a diagramming technique used to select best course of action in situation where the future outcomes are uncertain
B. None of the choices are correct
C. EMV is the statistical concept that includes the average outcome of project outcomes based on various assumptions and scenario D. Decision tree analysis are tools of quantitative risk analysis E. Decision tree analysis uses EMV analysis
Answer: B
Question 572
In which of the following contract type will the buyer assume the highest risk for cost overrun and non-performance?
A. CPIF
B. CPFF
C. Fixed fee plus incentive contracts
D. CPPC
E. T&M contracts
Answer: D
Question 573
With respect to risk management, which of the following are not true regarding decision tree analysis?
A. Solving decision tree indicates which decision yields the greatest expected value to the decision maker
B. Decision tree are tool of quantitative risk analysis process C. The PDM schedule is typically used to construct the decision tree D. Decision tree shows the impact of one decision over another Answer: C
Question 574
You are currently in the process of prioritizing risks by their impact and probability of occurance. Which of the following tool/technique is least useful?
A. Probability impact analysis
B. Risk data quality assessment
C. Risk urgency assessment
D. Interviewing, brainstorming
E. Risk categorization
Answer: D
Question 575
Quantitative risk analysis involves all of the following except: A. Identify feasible cost and schedule targets given project risks B. Ensure that risk management policies are being followed C. Assess probability of meeting project objectives
D. Quantify the potential project outcomes and probabilities Answer: B
Question 576
Which of the following statements are false regarding sensitivity analysis?
A. Sensitivity analysis is a tool used in quantitative risk analysis B. Sensitivity analysis is useful for determining the relative importance of variables that have a high degree of uncertainty to those that have low uncertainty
C. A tornado diagram is a display of sensitivity analysis D. Sensitivity analysis helps determine which risks have the most potential impact on the project
E. Sensitivity analysis examines how variations and uncertainty of individual project element impacts the project objective, assuming all other project element are varied concurrently
Answer: A
Question 577
Which of the following document include a code of account identifier, a statement of work, and a list of schedule milestones for each WBS
component?
A. Activity list
B. WBS dictionary
C. Scope baseline
D. WBS templates
E. Activity resource requirements
Answer: B
Question 578
Which of the following statements are true regarding various activity scheduling tools?
A. PDM is also known as activity on arrow network
B. ADM allows for conditional branching and iteration of activities C. PDM approach uses boxes(nodes)to represent activities, and arrows represent the relationship and dependencies of work packages
D. PDM allows for conditional branching and iteration of activities Answer: C
Question 579
All of the statements regarding Planning Packages are true EXPECT: A. As work becomes more clearly defined ,planning packages are usually converted into work packages
B. Planning packages reflect a future segment of work within a control account that has not yet been decomposed into detailed work packages
C. Planning packages are WSB components with know work content but within detailed schedule activities
D. None of the choices are correct
Answer: D
Question 580
Product analysis is a / technique of which of the following prosses?
A. Scope Control
B. Scope Definition
C. Scope Planning
D. Create WBS
E. Scope Verification
Answer: B
Question 581
Which of the following statements are true?
A. Total slake is the amount of time one can delay the start of a particular task without affecting the start of a successor task.
B. Free slake is the time one can delay the start of a particular task, without delaying the completion of the project.
C. Total slake is the amount of time one can delay the start of a particular task, without delaying the completion of the project.
D. Free slake is the amount of time one can delay the start of a particular task without affecting the start of a successor task.
Answer: C, D
Question 582
Your project team is already created the WBS, developed estimates for the work packages, and sequenced the project activities using the precedence diagramming method. Which action should be performed NEXT?
A. Finalize the project schedule
B. Implement schedule change control system
C. Apply schedule compression techniques
D. Obtain acceptance of completed project scope
E. Decompose the work packages into smaller components called schedule activities
Answer: C
Question 583
You are in the process of identifying and documenting the project roles and responsibilities and create staffing management plan. All of the following are environmental factors that should be considered during this process EXCEPT:
A. Interpersonal
B. Logistical
C. Organizational, technical
D. Competencies
E. Political
Answer: D
Question 584
You are the project manager at a utility company. Due to the recent rise in the cost of petroleum, your organization is exploring cheaper, alternative forms of energy. You have just completed the project Scope Planning process and created the Scope management plan.
However, upon review, you have determined that the resulting project scope management plan is ambiguous and poorly written. A poorly written project scope management plan will directly impact all of the following EXCEPT:
A. Ability to develop cost approximations for resources required to complete project activities
B. Ability to formalize acceptance of the project deliverables C. Ability to create a detailed project scope statement as the basis for future decisions.
D. Ability to control changes to the project scope
E. Ability to identify the necessary activities that needs to be performed to produce project deliverables
Answer: A
Question 585
All of the following scheduling techniques account for resource limitations/ availability EXCEPT:
A. Resource leveling
B. Critical chain method
C. Critical path method
D. Apply calendars
Answer: C
Question 586
The outputs from risk identification are usually contained in the document called a risk register. All of the following should be included in the risk register upon completion of the risk identification process EXCEPT:
A. List of potential responses
B. Rot causes of risks
C. Update risk categories
D. List of identified risks
E. Risk audits
Answer: E
Question 587
You are using the three-point estimating technique to estimate the duration of a schedule activity. Which of the following is the correct formula for calculating variance assuming a beta distribution?
A. [(optimistic-pessimistic)^2+(most likely-pessimistic)*(most likely-optimistic)]/18
B. ((optimistic-pessimistic)/6)^2
C. (pessimistic + optimistic + most likely )/3
D. (pessimistic +4 *(most likely)+ optimistic)/6
Answer: B
Question 588
You are the project manger assigned to build the house. You have determined the dependencies between activities on the project. One of the activity dependencies is that the foundation of the house must be created prior to the construction of the frame which of the following is true?
A. This is an example of mandatory dependency
B. This is start-to-start relationship
C. This is finish-to-finish relationship
D. This is an example of preferential logic
E. This is start-to-finish relationship
Answer: A
Question 589
You are in the process of identifying and documenting the logical relationships among schedule activities. Which of the following are NOT outputs to this process?
A. Activity list updates
B. Requested changes
C. Milestones list
D. Project schedule network diagram
E. Activity attributes updates
Answer: C
Question 590
You have been recently assigned to provide an accurate project schedule for a large construction company. You are evaluating the network diagram for the construction project.
Your lead engineer has given you the following estimates for several critical path activity: 30 days (optimistic), 80 days (pessimistic), and 40 days (most likely). Which of the following dates can you commit with approximately a 95 percent confidence level, assuming a beta distribution?
A. The activity will take between 30 days and 80 days B. Not enough information is provided
C. The activity will take between 20 days and 70 days D. The activity will take between 36 days and 53 days E. The activity will take between 28 days and 61 days Answer: E
Question 591
All of following are types of strategies that one can use to deal with negative risk/threats EXCEPT:
A. Accept
B. Exploit
C. Avoid
D. Mitigate
E. Transfer
Answer: B
Question 592
You are in the process of identifying and documenting the project roles and responsibilities and create staffing management plan. Which of the following are outputs of this process EXCEPT:
A. Project staff assignments
B. Project organization charts
C. Staffing management plan
D. Roles and responsibilities
Answer: A
Question 593
You have been recently assigned to provide an accurate project schedule for constructing a new 50-story casino in Las Vegas, Nevada.
You are evaluating the network diagram for the construction project, and are in the process of identifying the critical path of the project.
Based on the following diagram, which path is the critical path?
A. A-B-G-H
B. A-E-F-D-H
C. A-E-F-H
D. A-E-F-C-D-H
E. A-C-D-H
Answer: B
Question 594
The procurement management plan describes how the procurement processes will be managed. All of the following should be documented in the procurement management plan EXCEPT:
A. Types of contracts to use
B. Integration with other project processes
C. Authority of the project team
D. Evaluation criteria
Answer: D
Question 595
Which of the following best describes the schedule development process?
A. Analyzing activity sequences and activity durations to develop project schedule
B. Estimating the number of work periods that will be needed for each activity
C. Identifying interactivity dependencies
D. Identifying the specific activities that must be performed to meet project objectives
Answer: A
Question 596
All of the statements regarding rolling wave planning is TRUE EXCEPT: A. None of the choices are correct
B. Intermediate estimates are provided for the middle term tasks C. Broad estimates are provided for far term tasks
D. Detailed estimates are provided for near term tasks Answer: A
Question 597
A project schedule can be presented in various formats. All of the following are valid formats of the project schedule EXCEPT: A. Activity-on-node diagram
B. Time-scaled scheduled network diagram
C. Milestone charts
D. Logic bar charts
E. Ishikawa diagrams
Answer: E
Question 598
You are the project manager for a construction company. You are currently estimating how long it will take to perform the electrical wiring of the building. You estimate that there are about 5,000 meters of wiring required. You also estimate that your project team can wire 20 meters/hour. Hence you estimate that wiring will take approximately 250 hours. Which of the following estimating techniques did you apply in your analysis?
A. Analogous estimating
B. To-down estimating
C. Parametric estimating
D. Three-point estimates
E. Bottom-up estimating
Answer: C
Question 599
Which of the following statements are false regarding the probability impact matrix?
A. The probability impact matrix is constructed by assigning risk based on combining probability and impact scales
B. The probability impact matrix is a tool/ technique of the quantitative risk analysis process
C. The risk score is calculated by multiplying the risk’s probability with the risk’s impact and comparing the results with the predefined risk threshold
D. The probability impact matrix is used to determine if the risks should be classified high, medium, or low risks
Answer: B
Question 600
You are in the process of estimating the type and quality of resources needed to complete individual schedule activities. All of the following are outputs of this process EXCEPT:
A. Resource calendar updates, requested change
B. Resource breakdown structure
C. Project schedule
D. Activity attributes update
E. Activity resource requirements
Answer: C