QUESTION NO: 1

When considering risks, which describes an opportunity in a project?

A. An uncertain event that could have a negative impact on objectives

B. An uncertain event that could have a favourable impact on objectives

C. An event that has occurred resulting in a negative impact on objectives

D. An event that has occurred resulting in a favourable impact on objectives

Answer: B

QUESTION NO: 2

Which of the following statements about lines of authority and reporting are true?

1, The Project Manager has day-to-day control for a management stage within the limits laid,

2. If a Team Manager forecasts a deviation beyond Work Package tolerances, this should be referred to the Project Manager down by the Project Board.

A. Only 1 is true

B. Only 2 is true

C. Both 1 and 2 are true

D. Neither 1 or 2 are true

Answer: C

QUESTION NO: 3

Which may be funded from a risk budget?

A. Corrections due to off-specifications

B. Impact analysis of requests for change

C. Implementation of a fallback plan

D. Preparation of the Risk Management Strategy

Answer: C

QUESTION NO: 4

What is the first task of product-based planning?

A. Produce the Initiation Stage Plan

B. Write the Project Product Description

C. Identify dependencies

D. Create the product breakdown structure

Answer: B

QUESTION NO: 5

How many tasks does the product-based planning technique describe?

A. One

B. Two

C. Three

D. Four

Answer: D