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NEW QUESTION 41
Henry is the project manager of the QBG Project for his company. This project has a budget of $4,576,900 and is expected to last 18 months to complete. The CIO, a stakeholder in the project, has introduced a scope change request for additional deliverables as part of the project work. What component of the change control system would review the proposed changes' impact on the features and functions of the project's product?
- A. Cost change control system
- B. Configuration management system
- C. Scope change control system
- D. Integrated change control
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The configuration management system ensures that proposed changes to the project's scope are reviewed and evaluated for their affect on the project's product.
Configure management process is important in achieving business objectives. Ensuring the integrity of hardware and software configurations requires the establishment and maintenance of an accurate and complete configuration repository. This process includes collecting initial configuration information, establishing baselines, verifying and auditing configuration information, and updating the configuration repository as needed. Effective configuration management facilitates greater system availability minimizes production issues and resolves issues more quickly.
Incorrect Answers:
A: The cost change control system is responsible for reviewing and controlling changes to the project costs.
C: The scope change control system focuses on reviewing the actual changes to the project scope. When a change to the project's scope is proposed, the configuration management system is also invoked.
D: Integrated change control examines the affect of a proposed change on the project as a whole.
NEW QUESTION 42
Which of the following can be interpreted from a single data point on a risk heat map?
- A. Risk tolerance
- B. Risk response
- C. Risk appetite
- D. Risk magnitude
Answer: D
Explanation:
Section: Volume D
NEW QUESTION 43
Which of the following is described by the definition given below?
"It is the expected guaranteed value of taking a risk."
- A. Certainty equivalent value
- B. Risk value guarantee
- C. Certain value assurance
- D. Risk premium
Answer: A
Explanation:
Section: Volume A
Explanation:
The Certainty equivalent value is the expected guaranteed value of taking a risk. It is derived by the uncertainty of the situation and the potential value of the situation's outcome.
Incorrect Answers:
B: The risk premium is the difference between the larger expected value of the risk and the smaller certainty equivalent value.
C, D: These are not valid answers.
NEW QUESTION 44
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