Winter Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ecus65

GIAC GCPM - GIAC Certified Project Manager Certification Practice Test

Page: 11 / 12
Total 397 questions

Fill in the blank with the appropriate term.

The______ defines the period in which, during the development of the project scope statement, a clear and very thorough project scope statement narrative is documented.

You are the project manager of the HJU project for your company. This project will last for 18 months and has a project budget of $567,000. Robert, one of your stakeholders, has introduced a scope change request that will likely have an impact on the project costs and schedule. Robert assures you that he will pay for the extra time and costs associated with the risk event. You tell Robert that the change request may affect more areas of the project than just time and cost and that you are worried about the additional risks the change request will bring. What project management component is responsible for evaluating a change request and its impact on all of the project management knowledge areas?

A.

Integrated change control

B.

Configuration management

C.

Project change control system

D.

Risk analysis

You work as a project manager for PassGuide Inc. You are working with your project team to plan the risk responses. Your project has a budget of $450,000 and is expected to last seven months. You have identified a risk event that has a probability of .60 and has a cost impact of $250,000 within the project. While creating a risk response for this event, what is the risk exposure of the event that must be considered for the cost of the risk response?

A.

Risk exposure is $250,000.

B.

Risk exposure is $150,000.

C.

Risk exposure is $350,000.

D.

Risk exposure is $50,000.

Holly is the project manager of a project in a functional environment. Jason, the functional manager, has just informed Holly a new requirement that he has approved for the project. Holly documents the change and updates the project scope. What document should Holly also update in light of this change?

A.

Project time estimate

B.

Project WBS

C.

Project cost estimate

D.

Project risk plan

You work as a project manager for PassGuide Inc. Two of your team members are held in a conflict on a module of the project assigned to them. You have told them to work together to find a mutually beneficial solution. Which of the following conflict resolution techniques will your team members follow to achieve the solution?

A.

Compromise

B.

Collaboration

C.

Avoidance

D.

Competition

Which of the following components of EVA is described in the statement below?

"It is a measure of how much of the project value has been earned so far through completed work, that is, the budgeted cost of the work that has been performed through the project status date."

A.

PV

B.

AC

C.

SV

D.

EV

Which of the following documents is described in the statement below?

"It is an exchange of promises between two or more parties to do an act which is enforceable in the court of law."

A.

Risk register

B.

Contract

C.

Project calendar

D.

Resource calendar

Jane works as a project manager for PassGuide Inc. The project on which Jane is working will last for three years and includes 200 stakeholders. How often should the Identify Risks process take place?

A.

Throughout the project

B.

Only once, at the beginning of the project

C.

Throughout the executing processes

D.

Once per project phase

Which of the following types of organizational structures represents a hierarchy where every member has one leader and the employees are grouped by the area of expertise?

A.

Matrix

B.

Functional

C.

Jury

D.

Projectized

You work as a project manager for PassGuide Inc. Which of the following processes will you use to formalize the acceptance of the completed project deliverables?

A.

Verify scope

B.

Report performance

C.

Expert judgment

D.

Perform quality control