Free GIAC GCPM Practice Exam with Questions & Answers | Set: 11

Jessica works as a project manager for PassGuide Inc. She wants to discuss with the team members some of the project risks and issues that have occurred. Jessica has faxed the report to her project team for them to review. Based on the standard communications model, which component in this scenario is the decoder?

Which of the following processes formally permits the initiation of a project and marks the kickoff for all consequent development activities to begin?

Sasha is the project manager of a large construction project. She is finalizing ground rules, training, and team-building activities for her project team members. In which of the following processes is she working on?

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?

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?

You work as a project manager for PassGuide Inc. Which of the following risk response planning techniques will you use to shift the impact of a threat to a third party, together with the ownership of the response?

You work as a project manager for PassGuide Inc. You are using market risk, value at risk (VaR), historical simulation (HS), and extreme value theory (EVT) so as to analyze a portfolio and make forecasts of the likely losses that would be incurred for a variety of risks. Which of the following processes are you using to accomplish the task?

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?

You work as a project manager for PassGuide Inc. You have to evaluate the performance efficiencies of a project. The table given below has the following related values: Which of the following will be the cost variance (CV) of the project at the current point of time?