Pass the GIAC GIAC Certification GCPM Questions and answers with CertsForce

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Questions # 31:

You work as a project manager for PassGuide Inc. Your project is in a situation in which a party interested in trading an asset is unable to do so. Which of the following types of risks must have occurred in the above scenario?

Options:

A.

Market risk


B.

Financial risk


C.

Pure risk


D.

Liquidity risk


Expert Solution
Questions # 32:

You work as a project manager for PassGuide Inc. You have to subdivide project deliverables and project work into smaller, more manageable components. Which of the following processes will you use to perform the above task?

Options:

A.

Control scope


B.

Verify scope


C.

Create WBS


D.

Define activities


Expert Solution
Questions # 33:

You are a Project Manager in your organization who is managing a considerably huge budget project to develop new software. Considering the varied nature of your stakeholder group, you would like to put together a plan as to what information the stakeholders need, and how to provide that information. What is the document that you would need, and as part of which process group would you achieve this?

Options:

A.

Project Management Plan, Planning Process Group


B.

Project Management Plan, Initiating Process Group


C.

Communications Management Plan, Execution Process group


D.

Communications Management Plan, Planning Process Group


Expert Solution
Questions # 34:

Fill in the blank with the appropriate term.

______is the best method to achieve the final equitable settlement for all outstanding issues, claims, and disputes


Expert Solution
Questions # 35:

Walter is the project manager of a large construction project. He'll be working with several vendors on the project. Vendors will be providing materials and labor for several parts of the project. Some of the works in the project are very dangerous so Walter has implemented safety requirements for all of the vendors and his own project team. Stakeholders for the project have added new requirements, which have caused new risks in the project. A vendor has identified a new risk that could affect the project if it comes into fruition. Walter agrees with the vendor and has updated the risk register and created potential risk responses to mitigate the risk. What should Walter also update in this scenario considering the risk event?

Options:

A.

Project communications plan


B.

Project management plan


C.

Project contractual relationship with the vendor


D.

Project scope statement


Expert Solution
Questions # 36:

Hank is a project manager for the NHY Project. His project has a very tight budget with little room for project overruns on costs. Hank needs to control costs and reduce expenses as much as possible within the project in order for the project to be deemed successful in the organization. On the NHY Project, Hank is using many contractors that are integrated into the project team. What can Hank do to keep project costs down in this scenario?

Options:

A.

Release the project contracted employees as soon as they have fulfilled their project obliga tions.


B.

Trim the project scope.


C.

Increase the quality control testing activities.


D.

Release the project contractors and hire full-time employees.


Expert Solution
Questions # 37:

Which of the following is described in the statement below?

"It is a form of discussion held in person or by electronic means. Its goal is to come to a written agreement regarding a business matter."

Options:

A.

Agreement


B.

Project charter


C.

Contract negotiation


D.

Scope


Expert Solution
Questions # 38:

Tom works as the project manager for BlueWell Inc. He spends the majority of his time communicating with team members and the project stakeholders. Various communication skills are involved in the communication processes. Which communication skills are involved in this process?

Each correct answer represents a part of the solution. Choose all that apply.

Options:

A.

Formal and Informal


B.

Vertical and Horizontal


C.

Internal and External


D.

Confronting and problem solving


Expert Solution
Questions # 39:

You work as a project manager for PassGuide Inc. You want to improve the competencies and interaction of team members to enhance project performance. Which of the following processes will help you to accomplish the task?

Options:

A.

Acquire Project Team


B.

Develop Project Team


C.

Manage Project Team


D.

Develop Human Resource Plan


Expert Solution
Questions # 40:

You work as a project manager for PassGuide Inc. You are determining the scope of a project. Which of the following stages should be completed while determining the scope of the project?

Each correct answer represents a complete solution. Choose all that apply.

Options:

A.

Identifying the project participants


B.

Comparing actual project performance against the project management plan


C.

Determining the information requirements for each participant


D.

Determining goals and objectives of the project


Expert Solution
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