When should a risk be avoided?
A. When the risk event has a low probability of occurrence and low impact.
B. When the risk event is unacceptable, generally one with a very high probability of occurrence and high impact.
C. When it can be transferred by purchasing insurance.
D. A risk event can never be avoided.
What is the recommended frequency for approving working time in WTR?
A. Monthly.
B. Weekly.
C. Each period.
D. Daily.
The project team has received the LoA approved risk log, which is the basis for the cost baseline risk contingency. During project execution a new relevant risk is identified. What is the best way to manage it?
A. Evaluate the risk impact and probability, update Risk Log, revise ETC, NCC cost accordingly, and if required trigger LoA process.
B. If the new risk is not part of the current risk log, than it must be part of a change management process and not be included in the contingency reserve.
C. Evaluate the impact and probability and, if needed, make a revision of the contingency reserve in the cost baseline and in the EAC, and communicate to the relevant stakeholders.
D. Define the Response plan for the new eisk and apply it.
Your project is ongoing, all partner contracts have been renegotiated and new prices (higher by 8%) came into effect immediately. If all the other circumstances in your project remain unchanged, your CBL value will:
A. increase by 8%.
B. decrease by 8%.
C. not be affected by the change.
D. increase by a % dependent on project completion and other project costs.
What is the duration of short term planning (STP) period?
A. 1 month.
B. 6 months.
C. 3 months.
D. 12 months.
Which one of the following is NOT a risk?
A. Customer might run into environmental issues with the municipality due to our product and missing ISO14000 certification.
B. Our subcontractor might charge us for the extra site visits as this particular case is not written down in our supply contract.
C. Logistic has informed the project team that the delivery which was expected last week has not arrived yet.
D. The acceptance criteria in the contract amendment might lead to additional effort as the wording could be misunderstood.
What will be the resulting performance index if the actual cost is higher than the earned value?
A. Cost performance Index (CPI) is greater than 1.
B. Schedule performance Index (SPI) is lower than 1.
C. Cost performance Index (CPI) is lower than 1.
D. Schedule performance Index (SPI) is greater than 1.
If a customer requests a consistency check to the network design, which was not included in Nokia scope of work, what is the appropriate action?
A. The planner should perform this request if there is a risk that failing to do so will negatively impact customer satisfaction.
B. The project manager should initiate the change management process.
C. The planner should perform this request only with the formal approval of the project manager.
D. The planner should perform this request if it will not have a significant impact on the project cost and will keep the customer happy.
Which inputs best support the resource demand plan update for a project?
A. Project organization chart, rollout schedule and project ID.
B. Project organization chart, required headcount, and required timeframe.
C. Rollout schedule, required headcount, project ID, required competences and required timeframe.
D. Material list, Rollout Schedule, WBS Code, and required timeframe.
Which of the following is a direct project cost?
A. Corporate office utilities.
B. Workers compensation insurance.
C. Installation materials.
D. Both corporate office utilities and workers compensation insurance.
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