Question

1 What should not be covered by a risk management plan?

a Roles and responsibilities for handling project risks

b Timing of project risk management activities

c The methodological approach used for risk management

d Individual risks and potential responses to them

2 You are assigned as the project manager to a project which had a one-time cost variance in the past caused by unexpected rework which has meanwhile been finished. You perform earned value analysis and get the following results:

EV: 250,000; PV: 200,000; AC 275,000

BAC is 500,000.

What is right?

a EAC = 550,000

b EAC = 525,000

c EAC = 500,000

d EAC = 425,000

3 An estimation has been made that the construction of a residential home will cost a certain amount per square foot of living area. This is an example of what type of estimating?

a Analogous estimating

b Bottom-up estimating

c Top-down estimating

d Parametric estimating

4 What is a constructive change?

a A change request that helps improving the project and its product, service or result and is discussed generally in a friendly style.

b A direction by the buyer or an action taken by the seller that the other party considers an undocumented change to the contract.

c A field change or ad-hoc change mandated by the project customer in a public construction project.

d A change request which will lead to the re-construction of an older version of the project performance baseline by the contractor.

Answer 1

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Answer1:

The correct answer is-(D)

Individual risks and potential responses to them

Individual risks and potential responses to them are included in Risk Register and not risk management plan