Q.1 Which of the following statements about the business case is NOT true:
a) A business case provides an analysis of feasibility
b) A business case provides senior management with sufficient information to fund a project.
c) A business case provides details of possible impacts, costs and benefits.
d) A business case provides a project monitoring plan.
e) A business case may be a large, formal document.
Q.2 Which of the following processes of Scope Management Process decomposes or divides
the major project deliverables into smaller and more manageable components?
a) Collect Requirements
b) Define Scope
c) Create Work Breakdown Structure
d) Validate Scope
e) Control Scope
Q.3 Project Risk Management
a) focuses on coordinating the project plan's development, execution, and control of changes.
b) includes identifying the project phases and activities and estimating, sequencing, and
assigning
resources.
c) focuses on planning, developing, and managing the quality environment allowing the
project to meet
or exceed stakeholder expectations.
d) focuses on identifying and responding appropriately to risks that can impact the project.
e) is concerned with acquiring project resources that are outside the organization.
Q.4 _____involves determining the likelihood and project impact of a risk.
a) risk identification
b) risk assessment
c) risk planning
d) risk monitoring and control
e) risk evaluation
Q.5 The efficient frontier in a profile model is the set of options that offers a maximum return
for a given level of risk or a minimum risk for every level of return. True/False