The degree of uncertainty an entity is willing to take on in anticipation of a reward is known as its risk:
Correct Answer: C
Question 107
The most appropriate project life cycle model for an environment with a high level of change and extensive stakeholder involvement in projects is:
Correct Answer: D
Question 108
Which of the Project Time Management processes analyzes activity sequencing, durations, resource requirements, and schedule constraints?
Correct Answer: D
Section: Volume E Explanation: Process: 6.6 Develop Schedule Definition: The process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model. Key Benefit: The key benefit of this process is that by entering schedule activities, durations, resources, resource availabilities, and logical relationships into the scheduling tool, it generates a schedule model with planned dates for completing project activities. Inputs 1. Schedule management plan 2. Activity list 3. Activity attributes 4. Project schedule network diagrams 5. Activity resource requirements 6. Resource calendars 7. Activity duration estimates 8. Project scope statement 9. Risk register 10.Project staff assignments 11.Resource breakdown structure 12.Enterprise environmental factors 13.Organizational process assets Tools & Techniques 1. Schedule network analysis 2. Critical path method 3. Critical chain method 4. Resource optimization techniques 5. Modeling techniques 6. Leads and lags 7. Schedule compression 8. .Scheduling tool Outputs 1. Schedule baseline 2. .Project schedule 3. Schedule data 4. Project calendars 5. Project management plan updates 6. Project documents updates
Question 109
The contract in which the seller is reimbursed for all allowable costs for performing the contract work and then receives a fee based upon achieving certain performance objectives is called a:
Correct Answer: D
Question 110
When managing costs in an agile environment, what should a project manager consider?
