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14 A program has 54 stakeholders this week Next week 21 more stakeholders will join the program How many more communication channels will the program have next week A 1,431 B 2,775 C 210 D 1,344 15 Which one of the following is the best definition of a program risk A A threat to the program B An opportunity for the program C An uncertain event or condition that can positively or negatively affect the program D An unknown event or condition that must be quantified for its impact 16 What is the utility function A It is a method to quantify the program s risk B It is a stakeholder s willingness to pay for the program risk C It is a stakeholder s willingness to accept program risks D It is a method to create the risk contingency reserve 17 A portion of your program deals with electrical work You and your program team have elected to hire a licensed electrical company to deal with all electrical work on the program This is an example of which risk response A Mitigation B Transference C Avoidance D Exploit 18 All of the following are examples of positive risk responses except for which one A Acceptance B Exploit C Enhance D Avoidance 19 You are trying to decide if your program should build or buy a piece of software You have determined it will cost your program $28,890 to create the software, and it ll cost $11,000 to manage the software each month A vendor has told you they could create the software for $21,100 and support the software for $9,999 per month Which is the best decision and why A You should buy the software if you re keeping the solution longer than 8 months
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B You should buy the software if you re keeping the solution longer than 18 months C You should build the software if you re keeping the solution longer than 8 months D You should build the software if you re keeping the solution less than 8 months PART II 20 Which contract type is considered the most dangerous for the customer A Cost plus incentive fee B Cost plus percentage of cost C Lump sum D Time and materials
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1 Which program management subsidiary plan defines the procurement management process for the organization A Benefits management plan B Interface management plan C Procurement management plan D Contracts management plan C The procurement management plan is the subsidiary plan that defines the procurement management process A, the benefits management plan, defines the definition, creation, and management of the benefits the program will create B, the interface management plan, describes the relationship between people, departments, and organizations the program has to deal with D, the contracts management plan, details the type and enforcement of the contract between suppliers and the program 2 Which stakeholder analysis technique can be utilized to build consensus through rounds of anonymous surveys A The Delphi Technique B The Monte Carlo Simulation C The stakeholder analysis chart D Communications management planning A The Delphi Technique uses rounds of anonymous surveys to build consensus on risks and issues within a program B, the Monte Carlo Simulation, analyzes possible outcomes of events to predict the most likely outcome for all events C is incorrect, as the stakeholder analysis chart defines stakeholder concerns and priorities D, the communications management planning process, aims to answer who needs what information, when they need it, the needed modality, and who ll provide the needed information
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3 Bob is the program manager of the 420 Program Where can Bob find details about the program risks, the probability of the risk events, the risk impact, and who the risk owners may be A Qualitative risk analysis matrix B Quantitative risk analysis matrix C Risk identification process D Risk register D The risk register is the document Bob is looking for A and B qualify and then quantify the risk events Choice C is the initial process of risk management 4 The program s transition management plan defines all of the following except for which one A Training and materials of the program s product B Stakeholder program supporting detail C Facilities to maintain the program s deliverables D Program personnel B The program transition management plan does not define the stakeholder program supporting detail It does define choices A, C, and D, so these are all incorrect choices for this answer 5 Which one of the following is an example of a program resource A An electrical engineer to be utilized at month six in the program B A deadline for the program to be completed by January 30 C A demand to not exceed 72 million dollars D A risk probability-impact matrix for the program s identified risks A A resource is a person, material, or facility the program needs Choice B and C are examples of program constraints, while choice D is an approach to analysis of the program risks 6 Which chart will show the utilization of program resources A Pareto chart B Resource histogram C Gantt chart D Network diagram B A resource histogram visualizes the utilization of resources within a program A, the Pareto chart, is a bar chart that shows categories of failure It s often used with quality control at the project level B, the Gantt chart, shows scheduled activities across a calendar D, the network diagram, visualizes the flow of activities from start to completion and is often used at the project level
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