Pass the GIAC GIAC Certification GCPM Questions and answers with CertsForce

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Viewing questions 61-70 out of questions
Questions # 61:

You are the project manager for your organization and would like to use a time and materials contract for a small project. What must a time and materials contract have to safeguard the project?

Options:

A.

Terms for payment


B.

A not-to-exceed clause


C.

An approved vendor by a leading trade organization


D.

Approval from the project sponsor


Expert Solution
Questions # 62:

Fill in the blank with the appropriate term.

_______emphasizes on bringing out the best in a team to make sure that self development, positive communication, leadership skills, and the skill to work together as a team to resolve problems are built within the team.


Expert Solution
Questions # 63:

Which of the following processes is described in the statement below?

"It is involved with many kinds of process design and with implementation and improvement to the IT infrastructure and service processes."

Options:

A.

Risk Management


B.

Change Management


C.

Configuration Management


D.

Continual Process Improvement Management


Expert Solution
Questions # 64:

Lamont is the project manager of a project that has recently finished the final project deliverables. The project customer has signed off on the project deliverable and Lamont has a few administrative closure activities to complete. In the project, there were several large risks that could have wrecked the project but Lamont and his project team found some creative methods to resolve the risks without affecting the project costs or project end date. What should Lamont do with the risk responses he identified during the project's monitoring and controlling process?

Options:

A.

Include the risk response in the project risk management plan.


B.

Include the responses in the project management plan.


C.

Include the risk responses in the organization's lessons learned database.


D.

Nothing. The risk responses are included in the project's risk register already.


Expert Solution
Questions # 65:

Billy is the project manager of the PQW Project and she has an assigned project budget of $655,000. Currently she is 80 percent complete with the project though she was scheduled to be 100 percent done by this date. She has spent $490,000 to date and other than the project schedule, which was delayed because of a vendor, the project is going well. What should Billy report as her schedule performance index for this project?

Options:

A.

1.23


B.

$524,000


C.

.80


D.

100 percent because the vendor caused her lateness


Expert Solution
Questions # 66:

Of the following, which best describes the elements in the work breakdown structure (WBS)?

Options:

A.

The elements are the description of the required work.


B.

They are deliverables.


C.

They analyze the risk.


D.

Elements are part of a weak matrix.


Expert Solution
Questions # 67:

Virginia is the project manager for her organization. She has hired a subject matter expert to interview the project stakeholders on certain identified risks within the project. The subject matter expert will assess the risk event with what specific goal in mind?

Options:

A.

To determine the probability and schedule of the risk event


B.

To determine the level of probability and impact for each risk event


C.

To determine the validity of each risk event


D.

To determine the bias of the risk event based on each person interviewed


Expert Solution
Questions # 68:

You work as a project manager for PassGuide Inc. You are working on a project where there is a limited amount of detailed information about the project or program. Which of the following estimation techniques will you use to accomplish the task?

Options:

A.

Three-point


B.

Bottom-up


C.

Analogous


D.

Parametric


Expert Solution
Questions # 69:

Holly is the project manager of the GHH Project. During risk identification and the subsequent risk analysis process she has identified a risk with a high probability and high impact for her project.

She and the stakeholder agree that the project management plan should be changed to eliminate the risk threat entirely. What risk response has Holly used in this instance?

Options:

A.

This is the avoidance risk response.


B.

This is the transference risk response.


C.

This is a scope change and not a risk response.


D.

This is the risk mitigation response.


Expert Solution
Questions # 70:

Which of the following are the tools and techniques of the Plan Procurements process?

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

Options:

A.

Contract types


B.

Expert judgment


C.

Make-or-buy analysis


D.

Probability and impact matrix


Expert Solution
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