You are the project manager of the NNH project. In this project you have created a contingency response that the cost performance index should be less than 0.93. The NHH project has a budget at completion of
$945,000 and is 45 percent complete - though the project should be 49 percent complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is the project's cost performance index?

• A.-$30,647
• B.0.93
• C.0.92
• D.1.06

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John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?

• A.Schedule management plan
• B.Risk management plan
• C.Activity cost estimates
• D.Activity duration estimates

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Which of the following techniques for planning risk response can provide a means of identifying symptoms for use as trigger conditions for contingency responses?

• A.Involving selected exons in the process
• B.Root cause analysis
• C.Quantitative risk analysis
• D.Ensuring that actions are available to address significant events before their occurrence

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The sponsor hires a program manager as a consultant to evaluate a change program currently underway. The leading program manager tells the consultant that the program, currently in the execution phase, is in good standing, and detailed plans are available for review. The consultant reviews the project documentation and talks to the stakeholders, finding the opposite to be true. The project must be in recovery mode to get it back on track, and its still in the planning phase. There is low morale among the team members, the meetings are poorly managed, the detailed schedule has gaps, the risk register has not been updated for months, communications and detailed resource plans do not exist, and contract negotiations with a key vendor are behind schedule for critical deliverables.
What is the first course of action the program manager should take based on the current state?

• A.Assess the risk management plan and adjust it accordingly to accommodate the gaps.
• B.Meet with the project sponsor to report current findings, review current risk management plan and develop a corrective course of action.
• C.Continue the project and create the project documentation that is missing.
• D.Cancel or put the project on hold, and hire a new program manager.

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You are the project manager of the NNQ Project for your company and are working with your project team to define contingency plans for the risks within your project. Mary, one of your project team members, asks what a contingency plan is. Which of the following statements best defines what a contingency response is?

• A.Quantified risks should always have contingency responses.
• B.Some responses must counteract pending risk events.
• C.Some responses are designed for use only if certain events occur.
• D.Some responses have a cost and a time factor to consider for each risk event.

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