Project management BUS 375| SOPHIA PM UNIT 3 - MILESTONE 3| questions with complete solutions

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Stephon's homeowner's association rejects the roofing material he planned to use when adding a large, covered deck to his home. Which of the following is the next step Stephon will take to manage the ... risk? Finalize the contingency Implement a contingency plan Select a contingency Reference contingency plans Correct Answer: Reference contingency plans A project manager wishes to control how communication is received.Which communication medium below should be used to share a large amount of information with team members and stakeholders? Presentation Documentation Email Meeting Correct Answer: Presentation Which of the following is true about project changes? Required and necessary changes to a project do not have to be approved. Significant changes to a project may result in the need for a new project. Changes that affect the schedule are more likely to be managed than any other change. Changes that affect the budget are more likely to be managed than any other change. Correct Answer: Significant changes to a project may result in the need for a new project Which of the following is true regarding the monitoring of a project budget? A project manager usually has authority to increase cost limits as needed. All organizations monitor budgets with the same frequency. Monitoring a budget involves comparing estimates to actuals. Project Manager tracks effort on fixed fee contracts. Correct Answer: Monitoring a budget involves comparing estimates to actuals Which of the following documents is used to monitor and track risks to a project? Risk register Dashboard Network diagram Status report Correct Answer: Risk register Which of the following is an ex [Show More]

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