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A. Elaborate tracking of the project specifications with a change control system

B. Project specifications becoming more explicit and detailed as the project progresses

C. Changing project specifications continuously

D. Elaborate tracking of the project progress

A. Make sure the sellers have all the procurement documents

B. Meet the sellers' teams

C. Answer sellers' questions

D. Make sure the sellers ask all their questions

A. The product is needed in 250 days.

B. The technology to be used is cutting-edge.

C. Twenty-five percent staff turnover is expected.

D. Project leadership may change due to volatile political environment.

A. stiff competition from insurance companies

B. All of the other alternatives apply.

C. Both 1) failure to reserve funds to handle worst case scenarios (low probability events) resulting in severe financial damage to the company, and 2) confusion of business risks with insurable risks.

D. failure to reserve funds to handle worst case scenarios (low probability events) resulting in severe financial damage to the company

E. confusion of business risks with insurable risks.

A. Project status reports

B. Performance reporting

C. Contract management

D. Information distribution

A. Push

B. Duration

C. Pull

D. Decode

A. Transference

B. Exploring

C. Mitigation

D. Avoidance

A. You document the poor performance in written form and send the correspondence to the subcontractor.

B. You agree to meet with the subcontractor to see whether a satisfactory solution can be reached.

C. You submit a change request through Contract Administration demanding that the subcontractor comply with the terms of the contract.

D. You terminate the contract for poor performance and submit a change request through Contract Administration.

A. Assessed probability and impact

B. Root cause analysis

C. Expert judgment

D. Risk Identification

A. Can be any number

B. Depends on the calendar

C. Zero or negative

D. Zero or positive

A. Project Admin

B. Project Manager

C. Sponsor

D. Senior Manager

A. They are a product of cooperation between the customer and the project manager.

B. They occur only through experience of the project manager, team, and sponsor.

C. They require the preparation of change requests or the recommendation of corrective actions.

D. They are a tool of Perform Quality Assurance and an output of Verify Scope.

A. May not meet deadline.

B. The project is 20 days behind schedule.

C. There is a cost under run.

D. There is a cost overrun.

A. Cost Budgeting

B. Cost Control

C. Quantitative Risk Analysis

D. Quality Planning