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PM for Start-ups Final Exam prep (part 1) Flashcards | StudBud
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PM for Start-ups Final Exam prep (part 1)
PM for Start-ups Final Exam prep (part 1)
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PM for Start-ups Final Exam prep (part 1)
Flashcards
30 cards
F
Practice quiz
P
Host live
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Questions
30
Answers
1
A set of projects and programs managed by an organization, in order to achieve its strategic objectives is a "portfolio"
True
False
2
When a risk is acknowledged and no further actions are taken until the risk occurs - the risk strategy is known as
Risk mitigation
Risky
Risk Avoidance
Risk Acceptance
3
For the following network diagram, what is the critical path?
A-B-E
A-C-D-E
A-D-E
none
4
The portion of the risk that remains after the risk response plan has been performed is known as
Residual Risk
Risk remains
Partial Risk
Remaining Risk
5
Within the Scrum framework, the team members who are responsible for completing the work are collectively called the
Agile Team
None of these options
Product Team
Dream Team
6
In the RACI chart, the letter "I" stands for
Inform
Investigate
Important person
Impose
7
Within the Scrum framework, a set period of time during which work is completed and demonstrated is called a
Work log
Sprint
Work period
Scrum
8
If a risk has a probabilty of 0.5 and an impact 5.0 what is the risk score
.25
None of these options
5.0
2.5
9
Actions that are defined that reduce the probability or impact of the risk are known as
Risk transfer
Risk reduction
Risk Assessment
Risk Mitigation
10
A closing document that contains a summary of the results of the project is called a(n)
None of these
Exit Plan
Final Status Report
Final Project Report
11
Projects are not performed in isolation but involve or affect individuals, groups, and organizations known as project
Resources
Team members
Stakeholders
Audience
12
Within the Scrum framework, the list of all potential items to be developed during the project is called the
Project List
Product Backlog
General Backlog
Item Backlog
13
The PMO has a critical role capturing and organizing project lessons learned
False
True
14
Moving the impact of the risk to another entity outside of the project is known as
Risk transfer
Risk Eliminiation
Risk reduction
Risk Avoidance
15
Within the Scrum framework, the team member who is considered the voice of the customer for the project is called the
Scrum Master
Master of the universe
Product owner
Project Sponsor
16
The removal of conditions that cause the risk from the project scope thereby eliminating any possibility of the risk is:
Risk Avoidance
Risk transfer
Risk Mitigation
Risky Business
17
What is this?
a risk register
a WBS
a network diagram
a Gantt chart
18
A planning document that contains all identified risks for the project and includes their characteristics is called a
Risk Register
Risk List
Risk Scope Statement
Risk Breakdown Statement
19
When assessing risk, there are two factors that should be estimated:
Power and impact
Power and interest
Probability and impact
Probability and interest
20
PMO stands for "Project Management Operation"
False
True
21
Which of the following risk events should receive the highest priority for the development of risk responses?
None of these
Likelihood = High Severity = High
Likelihood = Medium Severity = High
Likelihood = Low Severity = High
22
The removal of conditions that cause the risk from the project scope thereby eliminating any possibility of the risk is
Risk deletion
Risk avoidance
Risk confrontation
Risk reversal
23
Within the Scrum framework, a physical display of the current progress of the Sprint showing awaiting items is a(n)
Scrum Board
Sprint View
Agile Display
Visual Display
24
The activity performed to verify the quality of the project deliverables is called
Quality assurance
Quality control
Quality containment
Quality review
25
Agile and Waterfall PM techniques and tools are basically the same
False
True
26
AGILE involves a weekly "stand up" at start of each work week
False
True
27
A planning document that indicates the risk response(s) and contingency plan for each identified risk is known as a
None of these options
Risk Response Plan
Risk Management Plan
Risk Register
28
When the impact of an event is negative, it is considered a risk; when it is positive, the event is an opportunity.
True
False
29
What responsibility should the project engineer assume with respect to the Acquisition Plan?
develop
approve
consult
inform
30
How long is the critical path?
5 days
13 days
12 days
11 days