The project manager and several team members have worked together on two previous projects that ended unsuccessfully. The team is now performing qualitative risk analysis to review and rank over 100 possible risks for the next project. Which approach to qualitative risk analysis should they take?
Read moreA real estate company wants to produce detailed maps of local communities to provide prospective customers with more information. The company has the software to produce the maps,however, it does not have a printer to print the maps. The company must decide to either purchase a new, expensive printer to produce the maps in-house or to send the map files to a local printer. Sending the files to a local printer would be an example of which of the following risk strategies?
Read moreYou are putting together a statement of work (SOW) to be included in a signed agreement with a seller. Which of the following statements about this SOW is false?
Read moreYour project is over budget, behind schedule, and has a constrained project finish date. What is the best Estimate at Completion (EAC) formula to use?
Read moreA PMP certified project manager receives a contract from a client to manage a software development project and discovers that 25% of the software developers are also contractors and do not have legal software licenses. What is the project manager responsible to do in this situation?
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