Welcome!

PM Hub now offers you the benefit of daily guidance to help you stay on the road to success with the project management exam or to sharpen and exercise the project management skills you already possess. Each edition of the PM Hub/Crosswind Tip of the Day will give you a question of the day, daily terminology booster, and links to other helpful tools that will prepare you for exam success.

Question of the Day

The software company has been awarded a $100M US contract to build an enterprise application for the military. The company understands that there is a small company that has a product that complements theirs that the military will likely need to work with as well. The software company decides to acquire the complementary company to offer a more complete solution to the military. This is an example of what type of risk response strategy?

A) Exploit

B) Share

C) Mitigate

D) Accept

Terminology of the Day

Risk Acceptance

Opting to accept the impact or consequences of a risk event

Answer and Explanation to Yesterday's Question

The Project Manager has a project team that can never keep a meeting on track. It always ends up off topic and running longer than anticipated with people bringing up side items and out of scope topics. Which of the following would improve the meetings?

A) Determine who is in charge of the meeting

B) Send the team to communication training

C) Create and publish an agenda, and establish the leader of the meeting (Correct)

D) Create and publish an agenda

Explanation: Creating and publishing an agenda, and knowing who is in charge of a meeting are two ways to have a highly organized effective meeting.

For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at http://www.crosswindpm.com