Online Access Free L5M8 Practice Test

Which of the following questions could be answered by arisk simulation softwaresuch asMonte Carlo?
Select TWO

• A.How likely is it that decision X will delay the project?
• B.Is the project likely to stay on budget?
• C.Will the quality of the project be affected if we change supplier?
• D.C, D Monte Carlo simulationuses probabilistic modelling toquantify risk. It can answer numeric or time- based questions such asbudget varianceorlikelihood of delay. Qualitative queries (like A or B) are outside its scope.
• E.How effective is the Project Lead?

In a large construction project with many stakeholders, which groups would you expect to see represented on theProject Board?Select TWO

• A.Senior Users
• B.Senior Employees
• C.Senior Buyers
• D.Senior Suppliers

TheCritical Path Method (CPM)can provide a schedule for a project and demonstrates the longest path of activities to be completed. The critical path provides the longest "path" in terms of what?

• A.the highest number of activities that need to be completed
• B.the longest time all activities will take to complete
• C.the most complex route to complete the activities
• D.the largest number of steps that need to be completed

According toCox's Stepladder of Relationships, which of the following sitsoutsideof 'procurement and supply relationships'?

• A.single sourcing
• B.mergers and acquisitions
• C.strategic alliance
• D.preferred supplier

Benito is a Team Leader within a large manufacturing organisation which has recently gone through a company-wide restructure. As well as changes to staffing levels, new Operating Procedures have been brought in and Benito has noticed that his team has lost morale and doesn't understand the motivations behind the changes. Which of the following tools would be useful for Benito to use with his team?

• A.STEEPLE analysis
• B.SWOT analysis
• C.Multiple Cause Diagram
• D.Force Field Analysis