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NEW QUESTION # 13
You are the project manager of a project that's currently in the definition phase. After your first meeting, the project sponsor has asked to see the integrated project management plan.
In this scenario, which of the following best describes the importance of an integrated project management plan?
Answer: C
Explanation:
Detailed Explanation:
NEW QUESTION # 14
What are two benefits of governance in risk and issue management?
Answer:
Explanation:
See the Explanation solutions in detail:
Explanation:
Detailed Explanation:
* Improved Decision-Making:
* Governance ensures a structured approach to identifying, assessing, and mitigating risks and issues.
* With standardized frameworks and processes in place, decision-makers have reliable data to make informed and timely decisions.
* For example, using a centralized risk register ensures all risks are visible, allowing for prioritization based on impact and probability.
* Accountability and Oversight:
* Governance establishes clear roles and responsibilities for managing risks and issues.
* This fosters transparency and ensures that risks and issues are addressed by the appropriate individuals or teams within the project.
* It also enables effective monitoring and reporting, ensuring that all stakeholders are aware of potential threats and mitigation plans.
NEW QUESTION # 15
Which of the activities below would provide final assurance of a project?
Answer: B
Explanation:
Detailed Explanation:
NEW QUESTION # 16
Which of the following statements does not describe the importance of linking projects to an organisation's objectives?
Answer: D
Explanation:
Detailed Explanation:
NEW QUESTION # 17
You are leading a large-scale information technology project to migrate your company's data to the latest hardware. The delivery is being led by third-party suppliers, who were not involved in the design phase. The supplier has completed their capacity planning and has raised a potential risk that the current data may exceed the storage capacity of the new hardware purchased.
What type of risk response would you choose to mitigate this risk?
Answer: C
Explanation:
Detailed Explanation:The best approach is to use the contingency budget because:
* Defined Risk Response:Contingency budgets are designed to handle identified risks without impacting the project's main budget.
* Stakeholder Agreement:It avoids escalating disputes with suppliers by addressing the issue proactively.
* Unsuitable Options:
* A: Tolerating the risk is impractical when the risk is confirmed.
* B: Re-forecasting creates unnecessary delays and increases costs.
* D: Transferring risk to the supplier could damage partnerships.
NEW QUESTION # 18
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