Why do we need to establish a Change Management System? A. Monitoring, tracking, and reporting risk and fostering an open organization environment B. Repeating risk identification/assessment exercises C. Monitoring, tracking, and reporting risk, repeating risk identification, assigning and documenting responsibility…
What is not listed as the benefits of a Change Control System? A. Inconsequential changes are discouraged by the formal process B. Costs of changes are maintained in a log and integrity of the WBS and performance measures is maintained…
What are the sources of change? A. Project scope changes B. Implementation of contingency plans C. Project scope changes, implementation of contingency plans, and improvement changes D. Improvement changes Answer: Option C
What risks of not having a contingency plan? A. Having no plan may slow managerial response B. Assessing whether technical uncertainties can be resolved. C. Decisions made under pressure can be potentially dangerous and costly D. Having no plan may…
What is best described as the contingency plan? A. An alternative plan that will be used if a possible foreseen risk event actually occurs. B. A plan of actions that will reduce or mitigate the negative impact (consequences) of a…
What is the purpose of risk assessment? A. To assess the risks in terms of severity of impact, likelihood of occurring, and controllability B. Develop a strategy to reduce possible damage and develop contingency plan C. Analyze the project to…
What is the purpose of risk response control? A. To assess the risks in terms of severity of impact, likelihood of occurring, and controllability B. Develop a strategy to reduce possible damage and develop contingency plan C. Analyze the project…
What is the purpose of risk response development? A. To assess the risks in terms of severity of impact, likelihood of occurring, and controllability B. Develop a strategy to reduce possible damage and develop contingency plan C. Analyze the project…
What is the purpose of risk identification? A. To assess the risks in terms of severity of impact, likelihood of occurring, and controllability B. Develop a strategy to reduce possible damage and develop contingency plan C. Analyze the project to…
What is not listed as risk identification? A. Low income earners cannot pay back on time B. Difficult to look for fund from donors and banks C. House location is far from the city with less customers’ attraction D. Limit…
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