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The Department of Defense is involved in performing risk reviews as part of their overall risk strategy. Which of the following best describes Risk Reviews?

(a) Determining what risks are on the project
(b) Determining what the characteristics of the risks are on the project
(c) Determining the validity of the documented risks and looking for any new risks that could occur
(d) Determining who will implement a Risk Response Plan

Monte Carlo Analysis

A technique used to simulate the outcome of a project many times, to determine the range of possible outcomes and the probability of their occurrence

The project is approximately 70% complete and in the middle of execution. The Project Manager is communicating with Stakeholders regarding the status of the project. Which is he likely to use to ensure proper communication is delivered?

(a) Information Retrieval Systems
(b) Communications Management Plan (Correct)
(c) Formal communication
(d) Verbal communication

Explanation: The Communications Management Plan is used to help determine what the Stakeholders communication needs are. The other answers are noise.

For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at www.c rosswind pm.com

Question of the Day

The Department of Defense is involved in performing risk reviews as part of their overall risk strategy. Which of the following best describes Risk Reviews? (a) Determining what risks are on the project (b) Determining what the characteristics of the risks are on the project (c) Determining the validity of the documented risks and looking for any new risks that could occur (d) Determining who will implement a Risk Response Plan

Terminology of the Day

Monte Carlo Analysis A technique used to simulate the outcome of a project many times, to determine the range of possible outcomes and the probability of their occurrence

Answer and Explanation to Yesterday's Question

The project is approximately 70% complete and in the middle of execution. The Project Manager is communicating with Stakeholders regarding the status of the project. Which is he likely to use to ensure proper communication is delivered? (a) Information Retrieval Systems (b) Communications Management Plan (Correct) (c) Formal communication (d) Verbal communication Explanation: The Communications Management Plan is used to help determine what the Stakeholders communication needs are. The other answers are noise. For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at www.c rosswind pm.com