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Question 1. (TCOs A and B) An EVM analysis employs which factors to evaluate risks? (Points : 5)<br> <br>Question 2. (TCO G) You have completed all design drawings and have a complete scope for your project. You need to hire a contractor to build the product to your designs. Which type of contract would be best in this situation? (Points : 5)<br> <br>Question 3. (TCO D) In which risk response strategy is the responsibility for the risk moved to a third party? (Points : 5)<br> <br>4. (TCOs A and B) You have been appointed as a project manager for a high-dollar project for a government agency, and you have been asked by your boss to identify the stakeholder groups and the individuals who make up those groups in order to start the stakeholder analysis. Identify at least six groups of stakeholders and the individuals who comprise those groups, and explain when the stakeholder identification process should take place during the planning of the project. (Points: 20)<br> <br> <br>(TCO B) Due to globalization within your industry, you have been appointed as the project manager for an R & D project. Your task is to create a new technologically advanced solar cell. You want to employ the PMBOK® Guide risk management process. Senior management would like you to briefly describe the process and all its steps. Please create a short briefing for senior management below. (Points : 40)<br> <br> (TCO I) You are the project manager on a critical project for your corporation. You have decided to employ fault-tree analysis on your project. What is fault-tree analysis, and how can it be applied to your project? (Points : 25)<br> <br>(TCO H) Senior management is concerned about risk owners on your project. What is the role of a risk owner in the risk management process? (Points: 20)<br> <br>(TCO F) You are a project manager for a large healthcare R & D project. Senior management has asked you to utilize a sensitivity analysis and a tornado diagram to quantify risks on your project. Senior management’s major concern is the price of raw materials in the development of the new drug. Describe how to perform a sensitivity analysis and use a tornado diagram to quantify risks to your project. (Points : 25)<br> <br>TCO G) Describe and discuss when one should use an FPEPA contract. Compare and contrast this to a typical FP contract. (Points: 20)<br> <br>(TCO E) Senior management has just returned from a risk management workshop. One of the topics was reserve analysis. Management does not completely understand the concept and asks you what the purpose is of performing reserve analysis during the risk management process. (Points : 20)<br> <br> <br>TCO D) You are the project manager for an important healthcare project. You are performing qualitative risk analysis. Below are the values of probability and impact for the top six risks that were given to you by project team. Assuming a neutral stakeholder tolerance, which risks must be addressed proactively if possible?(Points : 25)<br> <br> <br>TCO C) You are the project manager for a large health information technology project. You are confronted with an important decision on your project: How much scenario testing is appropriate for this project? Employ decision tree analysis to provide senior management with the best course of action for this decision. <br>
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PROJ 595 Experience Tradition/uophelp.com for more course tutorials visit www.uophelp.com
PROJ 595 Experience Tradition/uophelp.com PROJ 595 Final Exam Set 1 For more course tutorials visit www.uophelp.com • Question 1. (TCOs A and B) An EVM analysis employs which factors to evaluate risks? (Points : 5) • Question 2. (TCO G) You have completed all design drawings and have a complete scope for your project. You need to hire a contractor to build the product to your designs. Which type of contract would be best in this situation? (Points : 5) • Question 3. (TCO D) In which risk response strategy is the responsibility for the risk moved to a third party? (Points : 5)
PROJ 595 Experience Tradition/uophelp.com PROJ 595 Final Exam Set 2 For more course tutorials visit www.uophelp.com • 1. (TCOs A and B) Quantitative risk analysis does all of the following, except (Points : 5) • Question 2. 2. (TCO G) You need to ensure your project is completed by July 1 of next year. You do not have time to do all the design work yourself, so you decide to contract out that work. Which type of contract would likely be best in this situation? (Points : 5)
PROJ 595 Experience Tradition/uophelp.com PROJ 595 Final Exam Set 3 (NEW) For more course tutorials visit www.uophelp.com • Question 1. • (TCO A) Qualitative risk analysis • Question 2. • (TCO A) You are the project manager of a new, innovative project. One overarching principle you adhere to is • Question 3. • (TCO B) Project assumptions are created in the scope statement. These assumptions are revisited in which process of risk management?
PROJ 595 Experience Tradition/uophelp.com PROJ 595 Midterm Exam Set 2 For more course tutorials visit www.uophelp.com • 1. (TCO A) A stakeholder analysis in risk management (Points : 5) • Question 2. 2. (TCO A) When using the ATOM process to manage risks, an initiation meeting should be used for (Points : 5) • Question 3. 3. (TCO B) All of the below are risk identification methods, except (Points : 5) • Question 4. 4. (TCO D) In risk response planning, which is the difference between active and passive acceptance? (Points : 5)
PROJ 595 Experience Tradition/uophelp.com PROJ 595 Risk Paper 2 For more course tutorials visit www.uophelp.com • PROJ 595 Risk Paper 2
PROJ 595 Experience Tradition/uophelp.com PROJ 595 Week 3 Risk Paper 1 (2 Papers) For more course tutorials visit www.uophelp.com • PROJ 595 Week 3 Risk Paper 1 • Write a two- to four-page paper regarding a project, either real or fictitious, where one is able to discuss how risks were identified, ranked, and monitored. The student is also welcome to write about a major purchase or major decision in his or her life,
PROJ 595 Experience Tradition/uophelp.com PROJ 595 Week 4 Course Project(2 Project) For more course tutorials visit www.uophelp.com • Course Project Part I • For this project, you may choose a project that is of interest to you. When selecting a project, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local professional sports team (too big) or to plant your summer garden (too small).You will only be addressing the risk issues in the project so you will not need to be looking at the detail required for a business plan. The scope statement and the WBS are required in addition to the risk management plan. It is important to pick one that you understand
PROJ 595 Experience Tradition/uophelp.com PROJ 595 Week 5 Midterm Set 1 For more course tutorials visit www.uophelp.com • 1. (TCO A) Qualitative risk analysis • 2. (TCO A) When using the ATOM process to manage risks, an initiation meeting should be used for • 3. (TCO B) A watch list is a • 4. (TCO D) In risk response planning, which is the difference between active and passive acceptance? • 5. (TCO E) A common tool for use in risk monitoring and control is • 6. (TCO H) When using the ATOM process to manage risks, which is the importance of an initiation meeting?
PROJ 595 Experience Tradition/uophelp.com PROJ 595 Week 6 Course Project Part II (2 Project) For more course tutorials visit www.uophelp.com • Course Project Part II • For this part, you will be creating two decision trees concerning specific risks or events from the project you developed in part 1. The first one will be a decision tree used to make a decision. You will be calculating an expected value based upon this decision tree. The second will be for a basic risk or event where you will be creating a fault or event tree illustrating what makes up the fault or event. With each of these
PROJ 595 Experience Tradition/uophelp.com for more course tutorials visit www.uophelp.com
