Question: 1
During the process of land acquisition for the construction of a new road, the project team was unable to contact the owner of a required property, even after repeated attempts. This has delayed the project schedule
What should the project manager do?
Question: 2
A pipeline project suffered servers storm damage. The performance reports show that the project, which was previously ahead to schedule, is now going to be late.
How should the project manager communicate the delay?
Question: 3
During your project meeting, a problem was discussed with one of the key stakeholders, and a resolution to the problem was reached. Sometime after the meeting, you received an email from him saying that he had changed his mind about the solution that was reached and needed to resurface the problem. The solution reached during the initial project meeting is a result of which of the following conflict resolution techniques?
Question: 4
Mark wants to identify all possible duration and cost outcomes for his project along with the probability of occurrence of each expected duration. Outputs are generated to represent the range of possible outcomes for achieving project objectives such as project cost and duration. Which of the following techniques can be used for this purpose?
Question: 5
If a project has a 40 percent chance of a $10,000 profit and a 20 percent chance of a $5,000 loss, the expected monetary value of the project is: