Week 4 Practice Assignment

It is unclear what the future economic environment holds for the project. What risks are associated with this statement?

Ambiguity Risk

Negotiating in good faith is a PMI ethical standard that relates best to which process?

Conducting Procurement

What is the cost to prevent defects?

Cost of Conformance

What is the longest distance path through the project which determines the shortest duration?

Critical Path

What is the term for the ranking of items that have the same functional use but different requirements that define their quality?

Grade

Managing Stakeholder Engagement is closely related to which other process?

Manage Communications

What process is the responsibility of everyone on the project team?

Manage Quality

What is the sequencing technique used to create a Project Schedule Network Diagram?

Precedence Diagram Method (PDM)

What is a hierarchical representation of potential sources of risk?

Risk Breakdown Structure

A PM's duty to understand the truth and communicate the truth applies to which of the following?

The Honesty Standard of Ethics as it applies to the Manage Communication process