Project issue log - Study guides, Class notes & Summaries

In the process of reviewing the status of your team's work assignments, you learn the project has fallen behind schedule by one week. The project finish date is still two months out and you think you can recover the time over the next month or so. What is the BEST course of action for reporting the project status? A. Report the project one week behind schedule and include recommended corrective actions. B. Report the project on schedule. Most project management plans are not accurate to les...

CAPM Practice Exam 260 Questions with Verified Answers 3 things that describe role of a PM ?? - CORRECT ANSWER 1. responsible for the final result of the team 2. need to integrate multiple disciplines 3. communicate with team Cost Management Plan has these 3 characteristics - CORRECT ANSWER 1. describes how project costs will be planned, structured, & controlled 2. may specify level of precision, degree to which activity cost estimates will be rounded up or down 3. may specify varia...

PMG201c Final Exam Prediction Questions Correctly Answered. A Communications Management Plan does the following: A. Lays out the approach and method for delivering information effectively and efficiently. B. Coordinates the communication between project leaders and uninterested project members C. Lays out a plan on how to communicate with your Project Sponsor and other organizations D. Coordinates an effort to communicate in meetings effectively - CORRECT ANSWER A A company has been ...

Define an issue - Answer A formal issue occurs when the tolerances of delegated work are predicted to be exceeded or have been exceeded. This triggers the escalation of the issue from one level of management to the next in order to seek a solution. What is the issue management process? - Answer *IEMR* *Identify:* Identify right issues, discriminate from minor concerns, put in issue log. *Escalate:* PM escalates to owner, owner accountable. *Monitor:* Ongoing monitoring to ensure resoluti...

CAPM Practice Exam (PMBOK Guide 6th Edition) 2024 Select the best description of the planning process group The process(es) required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve. The process(es) required to establish the scope of the project, refine the objectives, and define the course of action required to include in the project charter The process(es) performed ...

CAPM Practice Test 100 Questions with Verified Answers When is the Plan Risk Management process performed in a project? - CORRECT ANSWER Once or at predefined points in a project. Understanding, evaluating, defining, and managing requirements are essential to satisfying: - CORRECT ANSWER Customer satisfaction Projects are undertaken to fulfill objectives by: - CORRECT ANSWER Producing deliverables Which of the following is an input to the sequence activities process? A. Cost baselin...

ITPM Quiz 5 Exam Questions And Answers 100% Verified During executing, the project manager determines that a change is needed to material purchased for the project. The project manager calls a meeting of the team to plan how to make the change. This is an example of: Answers: Management by objectives Lack of a change management plan Good team relations Lack of a clear work breakdown structure - answerLack of a change management plan Response Feedback: The project manager is asking how...

Three-point estimate - (most likely estimate + optimistic estimate + pessimistic estimate)/3 = (40 + 24 + 65)/3 = 43 hours formula for SV (schedule variance) - SV = EV - PV project scope documents - product description, key deliverables, success and acceptance criteria, key performance indicators, exclusions, assumptions, and constraints scope statement - The scope statement is used as a baseline for future project decisions. The scope statement includes the project objectives, a project d...

ITPM Quiz 5 Exam Questions And Answers 100% Verified During executing, the project manager determines that a change is needed to material purchased for the project. The project manager calls a meeting of the team to plan how to make the change. This is an example of: Answers: Management by objectives Lack of a change management plan Good team relations Lack of a clear work breakdown structure - answerLack of a change management plan Response Feedback: The project manager is asking how...

CISA CH 3 Exam 133 Questions with Verified Answers Project governance and management - CORRECT ANSWER IS auditor's role is to ensure that rules of system development like SoD are not compromised Components of project management are initiating, planning, executing, controlling, monitoring and closing Three types of project management org structures - CORRECT ANSWER Functional-structured organization-project manager only has a staff function without formal management authority manager ...