PROJECT RISK MINIMIZATION PROCESS SEMESTER EXAM
INSTRUCTIONS
- Please note that this is an online based test and it’s an open invigilation process i.e. individual partakers are required to follow the instructions provided.
- Please be informed that the questions in this exam spans across all questions in this lesson and as such candidate are advised to be aware of non-related lesson questions.
- Do not close the Exam Window or try to restart the system after clicking “Start EXAM” button.
- Each question is followed by four alternative answer marked as A, B, C and D. The candidate shall choose the most appropriate answer to each question and mark the same through click of mouse or touch against the appropriate answer. Chosen answer will be highlighted and will automatically be saved. The questions are answered at once within the stipulated examination time.
- Candidates can make changes in their answer already chosen/marked since all questions are displayed.
- Candidates are advised not to click the “finish” button when note done with the entire exam question as this action will not allow backwards or a return options
- Countdown clock will start on commencement of the test question and will be displayed on the top of the EXAM. Note allowed time is 30 minutes for all questions.
- In case of restarting / shut down of computer due to technical reasons, immediately report the same to the organizing body (Leadpreneur Academy). Answers already marked and time of the testwill be saved and the candidate will be able to resume the EXAM from the exact point that last appeared before him/her.
- Make sure you are fully ready to start the exam before clicking the start test button
Good Luck and Success.
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Question 1 of 19
1. Question
Q. 1. ……………………. Is an uncertain effect on project performance rather than as a cause of an (uncertain) effect on project performance
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Question 2 of 19
2. Question
Q. 2. A go decision in the allocate stage initiates the main body of the project—the execute stage.
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Question 3 of 19
3. Question
Q. 3. “THE WHEN” is what stage in a project?
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Question 4 of 19
4. Question
Q. 4. The ………. involves commissioning and handover.
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Question 5 of 19
5. Question
Q. 5. The …………. involves a documented audit of the project management process after delivery of the product.
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Question 6 of 19
6. Question
Q. 6. The ………………. involves living with the product—the ongoing legacy of apparent project ‘completion’, possibly in a passive ‘endure’ mode until the product of the project is discarded, decommissioned, or otherwise disposed of.
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Question 7 of 19
7. Question
Q. 7. stages. This process needs to be recognized and the implications understood. A situation where the objectives of a project change imprecisely during the project without proper recognition of the new situation implied is particularly risky.
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Question 8 of 19
8. Question
Q. 8. ……………………… is a key feature of all formal processes.
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Question 9 of 19
9. Question
Q. 9. DOCUMENTATION is a key process output, but it also facilitates the operation of the process, and it provides a means of assessing the performance of the process.
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Question 10 of 19
10. Question
q. 10. ………………….. is a convenient way of conceptualizing the generic structure of projects over time.
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Question 11 of 19
11. Question
Q. 11. A go decision in the design stage initiates formal capture and development of basic activity and resource-based plans at a strategic level, indicating how the design will be executed (which way), what resources are required in broad terms (wherewithal), and how long it will take (when).
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Question 12 of 19
12. Question
Q. 12. ………………………… plans can be viewed in a portfolio analysis framework.
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Question 13 of 19
13. Question
Q. 13. What’s the meaning of RMP?
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Question 14 of 19
14. Question
Q. 14. Project objectives is also known as ………
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Question 15 of 19
15. Question
Q. 15. The identity, nature, and relationships between the key players in a project, the who, is clearly a general project management issue.
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Question 16 of 19
16. Question
THEORY: 10 POINTS
1. Define Risk according to UK Association for Project Management (APM)
a. Give the full meaning of PLC and PMI
b. Explain the diagram below in terms of The six Ws framework for the roots of
uncertainty-
This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -
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Question 17 of 19
17. Question
THEORY: 10 POINTS
2. What do you understand by project life cycle?
a. Liat the 8 stages of project life cycle
b. Explain Review and Support stages in Project Life Cylce.
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This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -
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Question 18 of 19
18. Question
THEORY: 10 POINTS
3. Explain Project plans.
Name the missing stages on the diagram below.
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Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -
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Question 19 of 19
19. Question
THEORY: 10 POINTS
4. Give short explanation on each of the following:
a. select an appropriate subset of issues
b. specify dependence.
c. integrate the subset of issues
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This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -