Free Access GAQM.PPM-001.v2024-08-24.q121 Practice Test (Page 20)

Question 91

Your management has decided that all orders will be treated as "projects" and that project managers will be used to update orders daily, to resolve issues, and to ensure that the customer formally accepts the product within 30 days of completion. Revenue from the individual orders can vary from US $100 to US $150,000. The project manager will not be required to perform planning or provide documentation other than daily status. How would you define this situation?

A.This is a recurring process.

B.Because each individual order is a "temporary endeavor," each order is a project.

C.Orders incurring revenue over $100,000 would be considered projects and would involve project management.

D.This is program management since there are multiple projects involved.

Question 92

Risk event probability is defined as:

A.the fraction of the total project tasks which may be affected by the risk event

B.the total number of possible events divided into the consequences of the risk event.

C.the total number of possible events divided into the expectations or frequency of the risk event

D.the number of times the risk event may occur

E.Both 1) the total number of possible events divided into the expectations or frequency of the risk event and 2) the number of times the risk event may occur.

Question 93

Fast tracking is a schedule compression technique used to shorten the project schedule without changing project scope. Which of the following can result from fast tracking?

A.Duration buffers are added to maintain a focus on planned activity durations.

B.The risk of achieving the shortened project time is increased.

C.The critical path will have positive total float.

D.Contingency reserves are released for redeployment by the project manager.

Question 94

The most rapid Estimate Costs technique is:

A.Analogous estimating

B.Template estimating

C.Computerized estimating

D.Square foot estimating

Question 95

True or False: Your Statement of Work should include a SWOT analysis.

A.True

B.False

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Question 91

Question 92

Question 93

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Question 95

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