CTCM Test A Questions &Answers(GRADED A)

Project Management is defined as: - ANSWER-The discipline of defining and achieving specific goals and objectives for temporary and unique efforts through effective management. An individual responsible for managing the successful planning, implementation, and execution of a system, service or product to meet a need while balancing cost, schedule and performance requirements is a: - ANSWER-Project Manager One of the four major reasons that projects fail is: - ANSWER-Communications Breakdown Which of the following is the first step in project initiation? - ANSWER-Define Needs Documenting and tracking assumptions to resolution is important in order to: - ANSWER-Manage Risk The scope statement justifies the project by documenting the project objectives, requirements and deliverables. It becomes the basis for the: - ANSWER-Statement of Work What are two types of project deliverables? - ANSWER-Internal and External Which is a project manager's responsibility? - ANSWER-Resist pressure by sponsor or customer to dictate a schedule. Budget planning involves three processes: - ANSWER-Estimating, Costing, and Pricing Which technique of cost estimation is a mathematical model based on project characteristics and historical experience? - ANSWER-Parametric Which of the following would likely not be a stakeholder in a project to construct a new highway from Lubbock to Dallas? - ANSWER-A governor from Montana. In a quality system framework, the highest quality process maturity level is: - ANSWER-Optimizing Risk management is the estimation and mitigation of which two values? - ANSWER-Risk event probability x risk event impact. The four risk response methods are: - ANSWER-Avoidance, Transference, Mitigation, Acceptance