http://www.alsenosy.com | http://www.professionalengineers.uso Life cycle approaches. What life cycle approach will be used on theproject?245.Answer:D.
PMBOK® Guide, page 683 , SectionX5.8
Project Risk Management
o Projectcomplexity.Isarobustriskapproachdemandedbyhighlevelsofinnovation,new
technology,commercialarrangements,interfaces,orexternaldependenciesarrangements,
interfaces, or external dependencies thatincrease project complexity? Or is the project
simpleenoughthatareducedriskprocesswillsuffice?
o Projectimportance.Howstrategicallyimportantistheproject?Isthelevelofriskincreasedfor
this projectbecauseitaimsto producebreakthrough opportunities,addressessignificant
blockstoorganizationalperformance,orinvolvesmajorproductinnovation?
o Projectsize.Doestheproject’ssizeintermsofbudget,duration,scope,orteamsizerequirea
moredetailedapproachtoriskmanagement?Orisitsmallenoughtojustifyasimplifiedrisk
process?
o Projectduration.Thisisnotaconceptwhichwouldbeunderconsiderationfortailoringinrisk
management.246.Answer:D.
PMBOK® Guide, page 684 , SectionX5.10
Project Stakeholder Management
o Complexity of stakeholder relationships. How complex are the relationships within the
stakeholdercommunity?Themorenetworksastakeholderorstakeholdergroupparticipates
in,themorecomplexthenetworksofinformationandmisinformationthestakeholdermay
receive.
o Stakeholderdiversity.Howmanystakeholdersarethere?Howdiverseistheculturewithin the
stakeholdercommunity?
o Communication technology. What communication technology is available? What support
mechanismsareinplacetoensurethatbestvalueisachievedfromthetechnology?
o Stakeholderengagement.Thisistheprocessofcommunicatingandworkingwith stakeholders
tomeettheirneedsandexpectations,addressissues,andfosterappropriate stakeholder
involvement.247.Answer:D.
PMBOK® Guide, page 681 , SectionX5.4
Project Cost management
o Estimating and budgeting. Does the organization have existing formal or informal cost
estimatingandbudgeting-relatedpolicies,procedures,andguidelines?
o Earnedvaluemanagement.Doestheorganizationuseearnedvaluemanagementin managing
projects?