PMP Practice Question: Process — Predictive, Medium
During the planning phase of a software development project, your team has identified 47 risks. You've completed qualitative risk analysis and are now preparing for quantitative risk analysis. The project sponsor questions why you need to spend additional time and budget on quantitative analysis when risks have already been prioritized. The project has a firm deadline for regulatory compliance and a contingency reserve of 10% has been allocated. What is the strongest justification for conducting quantitative risk analysis?
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More Process Questions
View all →You are managing a construction project with a fixed budget of $2.5 million and a 14-month timeline. During month 6, you conduct an earned value analysis and discover that the Cost Performance Index (CPI) is 0.85 and the Schedule Performance Index (SPI) is 0.92. The project sponsor asks you to forecast the final project cost and determine what actions are needed. Using the current performance trends, what is the most appropriate estimate at completion (EAC) if you believe current variances are atypical and future work will be performed at the planned rate?
You are leading a software development project using a predictive approach. The project sponsor has approved the project charter, and you are now ready to begin detailed planning. Your next step is to gather requirements from stakeholders to understand what the software must accomplish. Which process group are you currently working in?
You are managing a bridge construction project and have just completed developing the Work Breakdown Structure (WBS) with your team. Each work package has been defined and assigned a unique identifier. A team member asks what the lowest level of the WBS represents. How should you respond?