1. What is project tracking?
Answers
·
A method for responding to project
risks.
·
A method for assessing project
successes and areas for improvement.
·
A method for following the
progress of a project’s activities.
·
A method for reaching agreement among
stakeholders on project scope.
Explanation: The process of monitoring and supervising the development
of a project in order to guarantee that it is completed on time and without
exceeding its allotted spending limit is referred to as "project
tracking." Keeping an eye on tasks, deadlines, resources, and overall
project milestones is often a part of it. The objective is to spot any possible
problems at an early stage and then make any required modifications to ensure
that the project stays on schedule. It is the equivalent of carrying a map with
you and checking your GPS at frequent intervals to ensure that you are going in
the proper direction.
2. Which five items
should you track throughout the project execution phase?
Answers
·
Project costs
·
Key tasks and activities
·
Project goals
·
Progress toward milestones
·
Action items
· Project schedule
3. Which tracking method
is best for teams with a lot of people and projects with many tasks or
milestones that are dependent on one another?
Answers
·
Roadmap
·
Project status report
·
Gantt chart
·
Burndown chart
Explanation: A Gantt chart is a strong tracking approach that may be
useful for big teams and complex projects with several interdependent tasks.
Gantt charts are a visual representation of the project schedule over time. They exhibit tasks, milestones, and the interdependencies
between those elements in a style similar to a timeline. This makes it much
simpler to comprehend the project's overall strategy and recognize and successfully manage essential routes and dependencies.
Gantt charts make it easy to see who is in charge of each
task when those tasks are planned to begin and end, and how they are connected. This visual depiction helps coordinate efforts, manage resources, and make certain that activities that are reliant on one
another are accomplished in the appropriate order.
Additionally, project management solutions that allow for
collaborative editing and real-time updates may improve communication and
coordination among big teams, making it simpler to monitor progress and respond
expeditiously to any problems that may arise.
4. Which tool is most
useful near the end of a project when meeting deadlines is the top priority?
Answers
·
Burndown chart
·
Roadmap
·
Gantt chart
· Probability and impact matrix
5. Imagine that an
aerospace company builds a new line of passenger jets. Increased raw material
costs cause the company to spend more on aluminum than planned. Which of the
triple constraints does this change impact the most?
Answers
·
Timeline
·
Scope
·
Budget
Explanation: In this instance, the increasing cost of aluminum has a direct influence on the financial component of the project, which may cause it to go beyond the budget that was originally anticipated. This modification may have a domino effect on other facets of the project, such as the distribution of resources, the timetables, and maybe even the scope, particularly if cost-cutting measures are adopted to maintain compliance with the financial plan.
6. Imagine a home
improvement chain develops a new line of power tools. One of the designers
wants to adopt a new process that will simplify the team’s workflow. Which
method should they use to convey their idea to team members and stakeholders?
Answers
·
Gantt chart
·
Escalation email
·
Change request form
· Risk register
7. Imagine that a toy
company is known for making a popular doll, but their design team decides to
test out a new material for the doll’s clothes before beginning a new batch.
This test has what two types of dependencies?
Answers
·
External dependency
·
Discretionary dependency
·
Internal dependency
· Mandatory dependency
8. What is the process
of identifying risks and issues that could impact a project, and taking steps
to address their potential effects?
Answers
·
Risk management
·
Dependency management
·
Project tracking
·
Escalation
Explanation: Risk management is the process of recognizing possible threats and problems within a project and then taking action to mitigate the potential consequences of such threats and problems.
9. What should you do in
an escalation email? Select all that apply.
Answers
·
Explain the problem.
·
Make a request.
·
State your connection to
the project.
· Be serious and assert authority.
10. What can project
managers do to keep trench war disagreements from bringing projects to a
standstill?
Answers
·
Send an escalation email
·
Assess risk exposure
·
Apply the ROAM technique
·
Rely on the project roadmap
Explanation: For project managers, trench war disagreements—in which teams or stakeholders are entrenched in opposing views—can undoubtedly be a challenge.
11. Which of the
following categories are part of the ROAM technique?
Answers
·
Restored, organized, allocated, and
managed
·
Resolved, owned, accepted,
and mitigated
·
Restored, organized, accepted, and
managed
· Resolved, owned, allocated, and mitigated
Shuffle Q/A 1
12. Project managers
should track the details of their projects to be transparent and manage risks
as they arise. What is another benefit of tracking in project management?
Answers
·
It decreases the overall cost of the
project.
·
It helps the overall
project stay on schedule.
·
It increases the number of tasks
completed.
·
It keeps team members competitive.
Explanation: Accountability is yet another important advantage of using monitoring procedures in project management, joining the ranks of transparency and risk management.
13. A project manager
closely tracks the hours and pay rate of a writer contracting on an ongoing
project. What item are they tracking?
Answers
·
Project costs
·
Key tasks
·
Project schedule
·
Action items
Explanation: The costs that are related with the writer's services are being monitored by the project manager. To be more specific, they are keeping track of the number of hours worked by the writer as well as their compensation rate. This information assists in the management of the project's budget and ensures that the expenditures connected with the writer's services are in alignment with the project's overall financial strategy. The project manager is able to keep within the restrictions of the budget and make informed choices about the allocation of resources and the finances of the project thanks to the tracking of such information.
14. A stakeholder wants
you to create a chart with a granular breakdown of each task and the time
remaining to complete the tasks. What type of chart can you present to them?
Answers
·
Gantt chart
·
Project status report
·
Burndown chart
·
Roadmap
Explanation: A Gantt chart is an efficient tool that might be used to
provide a detailed breakdown of each job as well as the amount of time that is
still needed to finish them. Gantt charts provide a graphical depiction of
project activities over the course of time, including the beginning and ending
dates of each activity in the chart. They make it possible for stakeholders to
see the order in which activities are to be completed, the lengths of those
tasks, and how the tasks overlap or rely on one another.
You may offer a more in-depth perspective of the time that
is still available for each job by using shading or color-coding to show
elements of each task that have been finished, that are now being worked on,
and that are still left. This enables the stakeholders to have a rapid
understanding of the progress that has been made and the planned work for each
particular assignment.
Because of their capacity to communicate intricate project timetables in a style that is both understandable and easy on the eyes, Gantt charts are quite popular in the field of project management. Because of this, they are a good option for displaying task breakdowns and the amount of time that is still available to stakeholders.
15. A burndown chart
tracks time and amount of remaining tasks. What data is typically represented
on the graph's X-axis, the horizontal axis?
Answers
·
Remaining time on the
project
·
Remaining tasks on the project
·
Calculation of the sum of tasks
·
Assigned roles for the project
Explanation: The X-axis, often known as the horizontal axis, generally
displays the passage of time on a burndown chart. It's a scale that displays
the evolution of time throughout the project, and it's called a chronological
scale. The beginning of the project is shown along the left side of the X-axis,
while the completion of the project or a certain time period is shown along the
right side.
On the Y-axis of the burndown chart is a time axis that depicts, in graphical form, how the number of jobs that are still outstanding is "burning down" as time passes. This offers a visual depiction of how well the project is tracking against its intended timeline and enables for a rapid evaluation of whether or not the team is on pace to accomplish the job within the period that was expected.
16. A software company
builds an application to track employee satisfaction. The client wants to add
three new features to the homepage of the application. Which of the triple
constraints does this change impact the most?
Answers
·
Timeline
·
Scope
·
Budget
Explanation: In this instance, the incorporation of new features into the application results in the expansion of the scope of the project by the inclusion of new functionality. Because of this growth, the timetable and budget for the project may need to be adjusted in order to make room for the additional features' development, testing, and eventual deployment. It is very necessary to successfully manage scope adjustments in order to guarantee that the project will finish on schedule and within its budgetary constraints.
17. Which of the
following methods can be used to communicate change to stakeholders during a
project? Select all that apply.
Answers
·
Change request form
·
Project charter
·
Work breakdown structure
·
Escalation email
18. What should a
project manager do first in order to incorporate dependency management into a
project effectively?
Answers
·
Schedule regular meetings with the
team members
·
Create a risk register for the
dependencies
·
Identify all possible
dependencies and categorize them
·
Communicate updates with stakeholders
19. Imagine that a
project manager creates a matrix with two variables: risk impact and
probability. They use the matrix to measure potential future losses to a
project resulting from specific activities or events. What is the project
manager trying to determine?
Answers
·
Risk management
·
Risk dependencies
·
Risk exposure
·
Risk appetite
Explanation: A Risk Impact and Probability Matrix is being used by the project manager in order to evaluate and rank the various hazards associated with the project.
20. Three team members
on your project cannot agree on an implementation for a key task. How can you
ensure a decision is made in time?
Answers
·
Adjust the timeline for the project
due to the delay
·
Escalate the question to
leadership for feedback
·
Make a guess to the best of your
knowledge and implement
·
Give the team members more time to
make a decision
21. How can escalation
benefit a project? Select all that apply.
Answers
·
Makes external dependencies trackable
·
Speeds up decision-making
·
Provides checks and
balances
·
Encourages team
participation
22. Imagine you are
managing a project that hits a major milestone early, putting the team ahead of
schedule. This alters the project plan’s original course of action. What is the
name for this type of event?
Answers
·
A risk
·
A deviation
·
An issue
·
A reset
Explanation: When a project reaches a significant milestone ahead of schedule, it is often referred to as having a "positive variance" or having a "early completion." This is because it changes the initial course of action that was outlined in the project plan. This indicates that the project has advanced more swiftly than was first expected, which may have a variety of positive consequences including possible prospects for additional optimization, cost savings, and greater stakeholder satisfaction. It's a change from the original idea that goes in a more successful path overall.
23. What should project
managers track to ensure the team meets deadlines?
Answers
·
Track costs to avoid over- or
under-spending on project activities.
·
Track stakeholder engagement to ensure
they are aligned on project goals.
·
Track tasks as they
progress and as the project approaches key milestones.
·
Track project successes and celebrate
achievements with the team.
24. Which tracking
method is most useful when project managers need a way to track big milestones
in a project?
Answers
·
Gantt chart
·
Project status report
·
Roadmap
·
Burndown chart
Explanation: It's
possible that a Milestone Chart or a Milestone Schedule may prove to be the
most helpful monitoring approach for project managers who need to keep tabs on
significant project milestones. A Milestone Chart is a graphical depiction that
draws attention to important milestones or accomplishments along the path of a
project's timetable. It makes it much simpler to monitor progress and convey
that status to various stakeholders since it presents a perspective of critical
milestones that is both clear and focused.
Shuffle Q/A 2
25. Imagine that a
client wants to add an auction of donated items to a fundraising event. The
project manager is currently executing the project for a dinner and short
concert. Which of the triple constraints does this change impact the most?
Answers
·
Timeline
·
Budget
·
Scope
Explanation: When a project manager is originally executing the project for a dinner and brief concert, adding an auction of donated goods to a fundraising event would largely effect the scope constraint of the triple constraints in project management. This is because adding an auction would increase the number of tasks that need to be completed.
26. You brainstorm with
your team members to identify and list the events that might delay the project.
What type of document are you creating in this scenario?
Answers
·
Impact Matrix
·
Risk register
·
Task List
·
Risk Matrix
Explanation: You are in the process of putting together a Risk Register or a Risk Log at the moment. Within the context of project management, a Risk Register is a record that is used for the purpose of methodically identifying, evaluating, and documenting any risks that may have an effect on the project.
27. During a project you
are managing, a major disaster shuts down the design facility. What is this
type of event called?
Answers
·
A start
·
A risk
·
A deviation
·
An changelog
Explanation: The occurrence of a significant catastrophe during the
course of a project that results in the closure of the design facility is often
referred to as an act of force majeure or an act of God. The phrase "force
majeure" is a legal word that is used to describe events that cannot be
predicted and are beyond the control of the parties concerned. These types of
events include natural catastrophes, war, strikes, and other unusual
occurrences.
In the management of projects, unforeseen circumstances known as "force majeure" may have a substantial influence on the project's timeframe, resources, and final products. Even while project managers often integrate contingency planning and risk management measures to mitigate the possible consequences of such occurrences, the occurrence of such events may still provide obstacles that call for prompt and adaptable reactions.
28. What item should you
track during the project execution phase to ensure the project successfully
moves towards its completion date?
Answers
·
Retrospective notes
·
Team performances
·
Project proposal
·
Project schedule
Explanation: During
the period in which the project is being put into execution, one of the most
important things to monitor in order to guarantee that the project will be
finished on time is the progression of its tasks and milestones. A real-time
perspective of the degree to which a project is following to the schedule that
was specified may be obtained by monitoring the accomplishment of specific
tasks and milestones.
29. You manage a project
with multiple milestones dependent on each other. One team must hit these
milestones before another team can begin their tasks. What type of chart can
you use to track this project?
Answers
·
Roadmap
·
Burndown chart
·
Project status report
·
Gantt chart
Explanation: When
there are several milestones that are interdependent on one another, a Gantt
chart may be an extremely useful tool for monitoring and visually representing
the project timeline as well as the interdependencies between the milestones.
30. How does a roadmap
differ from a burndown chart?
Answers
·
A roadmap tracks big
milestones and includes a high-level project overview; a burndown chart
measures time against the amount of work completed and remaining.
·
A roadmap is useful for large projects
with many dependencies; a burndown chart tracks big milestones and includes a
high-level project overview.
·
A roadmap tracks big milestones and
includes a high-level project overview; a burndown chart is useful for large
projects with many dependencies.
·
A roadmap measures time against the
amount of work completed and remaining; a burndown chart tracks big milestones
and includes a high-level project overview.
Explanation: Both
a roadmap and a burndown chart serve distinct functions within the context of
project management; however, these functions are neither served by the same
information nor by the same layout.
31. During a project’s
execution phase, what type of event does scope creep signify?
Answers
·
Milestone
·
Task
·
Concern
·
Risk
Explanation: The execution phase of a project is known as the
"scope creep" phase because it is during this phase that extra
features, tasks, or requirements are added to the project without the required
appraisal, approval, or corresponding modifications being made to the project
plan. It is a term that refers to the unchecked growth of a project's scope
beyond the bounds it had originally set.
The introduction of new features, modifications to the
requirements, or the incorporation of extra deliverables that were not
previously envisaged may all be examples of scope creep. Scope creep can also
take on a variety of other forms. This phenomena has the potential to have
substantial repercussions for the project, including higher costs, the
possibility of delays, and difficulties in the management of the resources.
During the period of execution in which the project is being carried out, it is essential to prevent the expansion of the project's scope. It requires keeping a careful eye on changes, determining how those changes will affect the project's schedule and finances, and getting official clearance for such modifications before adopting them into the scope of the project. It is very necessary to have communication and change control mechanisms that are effective in order to reduce the risks associated with scope creep.
32. Imagine that a
restaurant is moving to a new location and must pass a government health
inspection before it can open. What type of dependency is the inspection?
Select all that apply.
Answers
·
External dependency
·
Mandatory dependency
·
Discretionary dependency
·
Internal dependency
Explanation: This kind of dependence occurs often in circumstances in which one activity or job has to be finished before another can begin, and it is especially obvious in circumstances requiring regulatory or compliance requirements, such as health inspections in the case of a restaurant.
33. What tool can
project managers use to calculate risk exposure and prioritize risks using
high, medium, and low rankings?
Answers
·
Probability and impact
matrix
·
Mitigation plan
·
Risk register
·
ROAM technique
Explanation: The
risk exposure of a project may be calculated with the use of a Risk Matrix or a
Risk Assessment Matrix, and the risk can then be prioritized according to its
high, medium, or low rating. The Risk Matrix is a graphical instrument that
assists in assessing and classifying hazards according to their degree of
probability and effect.
34. Which term refers to
the process of enlisting leadership or management to remove an obstacle,
clarify or reinforce priorities, and validate next steps?
Answers
·
Escalation
·
Risk management
·
Elevation
·
Risk exposure
Explanation: Escalation is a term that is typically used to describe the act of soliciting the help of leadership or management in order to eliminate an impediment, clarify or reinforce goals, and validate the next steps. When a problem or worry at the present level of authority or management cannot be handled, the problem or concern might be escalated to higher levels of authority or management. This is done in order to get more assistance, decision-making, or intervention in order to overcome hurdles and make certain that the development of the project fits with corporate objectives. Escalation is a tactical method that may be used to solve problems that can prevent the project from being successful.
35. During the project,
two members of your team settle on a decision for the project, which will
negatively impact the project outcome. What issue does this represent?
Answers
·
Risk appetite
·
Bad compromises
·
Trench wars
·
Mid agreement
Explanation: An problem with inadequate cooperation or decision-making within the team is represented by a circumstance in which two members of your team settle on a choice for the project that will adversely effect the result of the project.
36. As a project
manager, you’re implementing the ROAM technique for a new risk. You work with
stakeholders and team members to formulate a plan to lessen the impact the risk
will have on the project. Which ROAM category is this risk now in?
Answers
·
Resolved
·
Owned
·
Accepted
·
Mitigated
Explanation: In the risk management strategy known as ROAM (which stands for Resolve, Own, Accept, and Mitigate), the category known as Mitigate is assigned to a risk after a plan has been developed to reduce the negative effects of a risk. The process of mitigating a risk is adopting preventative measures to lessen its likelihood or the impact it may have, hence limiting the risk's potential adverse impacts on the project.
37. Why should project
managers track changes, dependencies, and risks throughout a project?
Answers
·
Keep teams aligned on how
to ensure project success
·
Determine who made tracking mistakes
during the retrospective
·
Help prepare for the next project
·
Demonstrate the importance of
accepting change
Shuffle Q/A 3
38. Which tool provides
an overview of a project’s common elements, summarizes them as a snapshot, and
communicates project status to the team and stakeholders in a centralized
place?
Answers
·
Gantt chart
·
Burndown chart
·
Project status report
·
Roadmap
Explanation: Providing an overview of a project's common features, summarizing those elements in the form of a snapshot, and communicating the project status to the team and stakeholders in one centralized location are the primary functions of a tool known as a project dashboard. The dashboard often consists of key performance indicators (KPIs), metrics, and visual representations of project progress. This provides stakeholders with the ability to rapidly evaluate the health of the project as well as its performance. Throughout the duration of the project's lifespan, it acts as a consolidated information hub that can be accessed easily, hence facilitating more efficient communication and decision-making.
39. A team starts a new
project to launch a website. The first task is to create the designs of the
webpage. The second task is to develop the web pages based on the designs. What
type of dependency does this indicate?
Answers
·
Discretionary dependency
·
External dependency
·
Mandatory dependency
·
Internal dependency
40. Under what
conditions should you send an escalation email? Select all that apply.
Answers
·
Key stakeholders need to
sign off on a final decision.
·
A problem inconveniences the core
project team, but they resolve it themselves.
·
A project team member identifies a
potential risk that may have an impact in several months.
·
A problem leads to major
changes in budget or timeline.
41. What common problems
can a project manager avoid by escalating an issue? Select all that apply.
Answers
·
Trench wars
·
Risk appetite
·
Force majeure
·
Misdirected compromises
42. In the ROAM
technique, what does it mean to resolve a risk?
Answers
·
To classify a risk as
addressed because it no longer creates a problem
·
To give a team member ownership over a
certain risk and entrust them to handle it
·
To understand and accept a risk for
what it is because it cannot be resolved
·
To reduce the impact of a risk or the
likelihood the risk will occur
Explanation: Within the context of the ROAM method, "Resolve"
refers to the measures that are done to actively address and get rid of a
particular risk. When a risk is labeled as "Resolve," it means that
the team working on the project has made the decision to take prompt and final
action in order to entirely remove or reduce the risk. The possible negative
influence that the risk might have on the project has to be eliminated, the
risk's probability needs to be reduced, and the project's repercussions need to
be minimized to a level that is acceptable.
Implementing certain actions or methods with the goal of
eliminating a risk entirely or considerably reducing both its likelihood and
its effect is required in order to resolve a risk. This can include making
adjustments to the project's plans, procedures, resources, or any number of
other pertinent components that directly address the risk that was discovered.
The process of resolution is often exhaustive, and it necessitates the creation of a comprehensive strategy, in order to guarantee that the risk is successfully mitigated and that the project may go forward with less uncertainty. The end goal is to get to a position when the risk is no longer a major obstacle in the way of completing the project successfully.
43. As a project
manager, you regularly send progress reports out to team members and
stakeholders. These reports make the project progress transparent to all
involved. What project management activity could these progress reports be a
part of?
Answers
·
Assessing Risks
·
Tracking
·
Resetting
·
Documenting
Explanation: As
part of the activity referred to as Communication Management, you will be
responsible for providing stakeholders and members of your team with frequent
updates on the status of the project. The process of designing, carrying out,
and monitoring the flow of information on a project between all of its many
stakeholders is referred to as "communication management."
44. What type of chart
will you create to represent tasks with multiple dependencies?
Answers
·
Roadmap
·
Gantt chart
·
Probability and impact matrix
·
Burndown chart
Explanation: Creating a Network Diagram or a Dependency Diagram is the
standard procedure for representing activities that include several dependent
relationships.
A Network Diagram is a graphical representation of the connections and interdependencies that exist between the many activities that comprise a project. This kind of diagram offers a distinct and specific picture of the logical progression of activities as well as the order in which tasks should be completed.
45. A software company
builds an application to track employee satisfaction. A contractor delays the
completion of a key task. Which of the triple constraints does this change
impact the most?
Answers
·
Scope
·
Timeline
·
Budget
Explanation: The
time component of the triple constraints in project management is negatively
impacted when a contractor takes too long to finish one of the most important
tasks in the process of developing an application to assess employee happiness.
46. When writing an
escalation email, you open the email with “I hope you all had a great, long
weekend.” Which of the five keys to writing a strong escalation email is this
an example of?
Answers
·
Maintain a friendly tone
·
Explain the consequences
·
Make a request
·
Explain the issue
Explanation: The phrase "I hope you all had a great, long
weekend" is an example of the "Softening" key to crafting a
powerful escalation email. This introductory line is used in an escalation
email.
Before addressing the primary problem or concern, softening includes beginning the email with a tone that is either positive or neutral in order to establish an environment that is more receptive. It helps build a courteous and collaborative tone, which increases the likelihood that the receivers will be receptive to the information that is being delivered in the escalation, which is a positive outcome for everyone involved. During the escalation process, this strategy is very helpful in maintaining a constructive and professional communication style with all parties involved.
47. Which of the
following items should a project manager include in a change request form for a
project team? Select all that apply.
Answers
·
Teams involved
·
Retrospective summary
·
Project name
·
Original project proposal
48. Which of the
following steps are part of dependency management? Select all that apply.
Answers
·
Continuous monitoring and
control
·
Recording dependencies
·
Eliminating dependencies
·
Efficient communication
49. What tool can
project managers use to calculate risk exposure and prioritize risks using
high, medium, and low rankings?
Answers
·
Probability and impact
matrix
·
Risk register
·
ROAM technique
·
Mitigation plan
Explanation: The
risk exposure of a project may be calculated with the use of a Risk Matrix or a
Risk Assessment Matrix, and the risk can then be prioritized according to its
high, medium, or low rating. A Risk Matrix is a graphical tool that assists in
the assessment and classification of risks according to the probability and
effect of such hazards.
50. When writing an
escalation email, you describe how the current obstacle will delay the project
in the next phase. Which of the five keys to writing a strong escalation email
is this an example of?
Answers
·
Make a request
·
Explain the consequences
·
Maintain a friendly tone
·
Explain the issue
Explanation: An example of the "Impact" key to creating a
powerful escalation email would be to describe how the present impediment would
delay the project in the following phase inside an escalation email. This would
be an example of a "Impact" key.
It is helpful to explain the importance and repercussions of the current hurdle by highlighting its effect. This gives stakeholders a clear picture of how the obstacle impacts the project's timeframe, milestones, or overall success. highlighting the impact also helps convey the relevance of the current obstacle. This information is essential for decision-makers, since it allows them to evaluate how urgent the situation is and rank the activities that need to be taken in order to successfully overcome the barrier.
51. Two team members in
your project cannot seem to come to an agreement on a new design feature. What
common issue does this represent in project management?
Answers
·
Bad compromises
·
Trench wars
·
Risk appetite
·
Trade-off agreement
Explanation: When
two members of a team are unable to reach a consensus on a new design element,
it is an example of a typical problem in project management that is referred to
as Conflict or Disagreement. When people have different ideas, points of view,
or preferences on certain parts of the project, such as design choices,
techniques, or decisions, it may lead to conflict.
52. In the ROAM
technique, what does it mean to accept a risk?
Answers
·
To reduce the impact of a risk or the
likelihood the risk will occur
·
To give a team member ownership over a
certain risk and entrust them to handle it
·
To classify a risk as addressed
because it no longer creates a problem
·
To agree nothing will be
done about a risk
Explanation: Oh, the good old ROAM method! This is a very useful instrument for risk management. When you accept a risk in ROAM, it indicates that you are aware of it but do not have any concrete plans in place to eliminate or reduce the negative effects of the risk. It's comparable to declaring "Yep, we know this could happen, and we're willing to deal with the consequences if it does." It all comes down to being aware of the situation and making an educated choice about how to deal with a certain danger.
53. During the execution
phase, an issue arises that will cause the project's costs to overrun the
budget. How can the project manager address the issue?
Answers
·
Ask your team to work more hours to
meet timelines
·
Document the issue and move forward
·
Make a mental note to discuss in the
retrospective
·
Escalate the issue to
leadership
54. As a project
manager, you ensure the team is accomplishing the necessary tasks to hit target
dates along the way. What item are you tracking?
Answers
·
Progress towards milestone
·
Team members planned PTO
·
Project proposal
·
Stakeholder options
Explanation: In this kind of situation, you would probably be monitoring the timetable or schedule of the project. In order to verify that the team is making the progress that was anticipated, it is necessary to maintain a constant check on the tasks, milestones, and deadlines. Monitoring the schedule of the project enables you to recognize possible delays at an earlier stage, which in turn enables you to take corrective steps to ensure that the project remains on track. It entails monitoring the start and finish dates of activities, the relationships between tasks, and the overall status of the project in comparison to the schedule that was established. You will be able to proactively address any problems that may crop up and make modifications in order to guarantee that the project achieves its goal dates if you do this.
55. During the project
execution phase, what chart can you use to illustrate how a project should
evolve over time to your stakeholders and team members?
Answers
·
Burndown chart
·
Roadmap
·
Project status report
·
Gantt chart
Explanation: The reliable Gantt chart has come through for us this time!
During the execution phase of a project, a Gantt chart is an excellent visual
tool for displaying how a project should go over the course of time. It offers
a timeline view of tasks, milestones, and dependencies, making it possible for
stakeholders and members of the team to understand at a glance the schedule
that has been set. Each activity is shown on the timeline as a horizontal bar,
with the length of the bar indicating how long it will take to complete and the
location of the bar on the timeline showing when it will be carried out.
The communication of the project schedule, the display of the sequence of work, and the marking of significant milestones are all excellent uses for Gantt charts. They assist everyone who is participating in the project in better comprehending the timeframe, the interdependence between tasks, and the overall progress. In addition to that, they are quite pleasing to the eye.
56. How does a change
request form differ from an escalation email?
Answers
·
Change request forms help
teams manage proposed changes; escalation emails enlist leadership to remove
obstacles, reinforce priorities, and validate next steps
·
Change request forms enlist leadership
to manage proposed changes; escalation emails help teams remove obstacles,
reinforce priorities, and validate next steps
·
Change request forms help teams remove
obstacles, reinforce priorities, and validate next steps; escalation emails
enlist leadership to manage proposed changes
· Change request forms enlist leadership to remove obstacles, reinforce priorities, and validate next steps; escalation emails help teams manage proposed changes