Question: 1
An overseas project has a budget of USS4 million. Due to a decrease in the currency exchange rate, the project's cost performance index (CPI) is 0 91 What should the project manager do to address this issue'?
Question: 2
A key stakeholder misses a project kick-off meeting. The project manager arranges a separate meeting to ensure that the stakeholder understands that the project's expected business value aligns with the organization's strategy.
What are the key areas that should be reviewed?
A Goals, objectives, benefits, and risks
B Schedule, benefits, and WBS
C Cost, schedule, risks, and work breakdown structure (WBS)
D Benefits, effort, and resources
Answer : A
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Question: 3
After performing a risk analysis, the project manager realizes that the project team may be unable to develop a final project module on time and within quality standards. This could cause a financial loss to the company. The project manager decides to engage vendor to deliver that module using a firm fixed price (FFP) contract.
What risk response strategy did the project manager use?
Question: 4
A project team member indicates that a change must be made to the requirements due to a new regulation,
and proceeds with the mandatory change. What should the project manager do next?
Question: 5
A large risk to a project is identified and the risk management plan is executed Upon completion of the approved actions. what should the project manager do?
