1. Past history is a unique approach to risk identification, as it uses historical facts to reach conclusions, which removes many obstacles created by the other techniques.
A. True
2. One way to help resolve conflict is to listen and acknowledge both sides of what is causing the conflict.
A. True
3. Milestones are often represented as what symbol in a computerized WBS:
A. A diamond
4. One way to complete a project more quickly is to complete work in serial sequence.
A. False
5. Which estimation technique should be most accurate?
A. Definitive
6. During adaptive planning, scope is still able to be completely identified and included in a full WBS?
A. False
7. Which is not an element for estimating costs?
A. Operations Costs
8. When a contractor was asked to estimate the job to complete a new roof, that simply estimated $20,000, give or take 30%. The technique used for cost estimation here would be:
A. ballpark
9. Scope management for a project begins with:
A. A statement of goals
10. Which is not part of the process for gathering requirements?
A. Randomize requirements for voting
11. A WBS is limited to only 3 levels. The project, deliverables, and work packages.
A. False
12. Which is not one of the stages of team development?
A. Conflicting
13. Typically with an adaptive schedule, the WBS will still indicate major deliverables, with sub-deliverables and subsequent activities being refined as you get further into the project.
A. True
14. Which contract offers the least amount of risk for the customer or buyer of the contract?
A. Fixed-Price
15. Which is not a step in risk management?
A. Control and document
16. Once the team has identified all the activities to be completed, the next step is to consolidate them and begin sequencing what work must be completed in what order.
A. True
17. Risk contingency plans are established to reduce the impact of the risk on the project.
A. True
18. Project risks are the highest during the:
A. Initiate Stage
19. The number one constraint or limitation of projects is the availability of resources.
A. True
20. With proper planning, it is possible to eliminate all risks from a project.
A. False