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Chapter 10 PMBOK Guide Questions
Q1:
The “process that establishes the policies, procedures, and documentation for
planning, managing, expending, and controlling project costs” is referred to
as:
Q2: Activity cost estimates, the basis
of estimates and other supporting detail, are outputs of which process?
Q3: As the project progresses from
initiation through planning and executing, and additional detail is gathered,
the range of values for the project cost estimate will:
Q4: ________ is “the process of
aggregating the estimated costs of individual activities or work packages to
establish an authorized time-phased project budget or cost baseline.”
Q5: A(n) ______ is used to compare
actual project spending with planned expenditures over time to determine if
corrective action is needed.
Q6: Jason, a project manager, is
working with his team to estimate the total cost of developing a web-based CRM
system. After reviewing the planned scope of work with Jason, his sponsor
suggests that Jason use the budget from a previous, similar project as the
basis for his project budget. The estimating process that Jason’s sponsor is
using is called _______.
Q7: One of the principle benefits of
creating a bottom- up estimate during planning is that the estimate:
Q8: The amount of project budget
reserved forunforeseen project work that addresses the “unknown unknowns” that
can affect a project isthe ______.
Q9:
Ellen is estimating how much it will cost to re-carpet the executive conference
room. After selecting the grade and pattern of carpet, Ellen multiplies the
carpet price per square yard times the number of square yards in the conference
room to derive the total price of the material. This estimating method is
called ______.
Q10: The budget within the cost
baseline that is allocated for identified risks, for which mitigating responses
are developed, is called the ________.
Chapter 11 PMBOK Guide Questions
Q1:
A SWOT analysis is an information-gathering tool that helps increase the range
of identified risks by examining strengths, weaknesses, _______, and threats to
a project.
Q2:
The _________ is a living document in which the results of risk analysis and
risk response planning are recorded.
Q3:
While all projects use ______ risk analysis, _____ is used only when it is
needed and there is sufficient data to develop appropriate models.
Q4:
A team’s attempt to list, on individual sticky notes, all of the possible
threats and opportunities that could occur to an upcoming projectmight be used
during the ________ process.
Q5:
Avoid risk, mitigate risk, accept risk, and ______ are all strategies for
responding to negative risks, also known as threats.
Q6:
An analytical technique used to determine the basic underlying source of a
variance, a defect, or a risk is called ______.
Q7:
The Risk Management Plan describes the methodology, roles and responsibilities,
budgeting, timing, and risk categories for potential causes of risk. These risk
categories can be structured into a hierarchical representation called a(n):
Q8:
Risks that have been identified and may or may not happen are referred to as
known unknowns, and a _______ should be established to cover them if they are
triggered.
Q9:
_______ is a quantitative risk analysis modeling technique used to help
determine which risks have the most powerful impact on the project. Using a
tool such as a tornado diagram, it “examines the extent to which the
uncertainty of each project element affects the objective being studied when
all other uncertain elements are held at their baseline values.”
Q10:
Expected monetary value (EMV) is commonly used within this
type of analysis:
USA 
India