Online Access Free PRF Practice Test

Which describes risk appetite?

• A.The budget set aside for potential changes to the scope of the project
• B.An organization's unique attitude towards risk-taking
• C.A common set of risk categories, risk scales and evaluation techniques
• D.The risks to the expected benefits

Which does the Executive need to ensure is in place before the project is initiated?

• A.The Project Plan has been approved
• B.The Project Initiation Documentation is complete
• C.All Work Packages are authorized
• D.An understanding of how the project will contribute to corporate objectives

Which products, identified when creating a product breakdown structure, should each have a corresponding entry in the Risk Register?

• A.Those that have been broken down into sub-products
• B.Those dependent on more than one other product
• C.Those that have been completed, but have NOT been quality checked
• D.Those to be created outside the scope of the project

Where should the names of those who are to approve a product be recorded?

• A.Product Status Account
• B.Checkpoint Report
• C.Configuration Item Record
• D.Product Description

Which principle helps to define what should be included and what should be excluded from a project?

• A.Continued business justification
• B.Manage by stages
• C.Defined roles and responsibilities
• D.Focus on products