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GIAC Certified Project Manager Certification Practice Test Questions and Answers

Question 25

You work as a project manager for PassGuide Inc. You want to calculate the probability of loss due to cost overrun. Which of the following terms describes the above metric?

Options:

A.

Residual risk

B.

Cost risk

C.

VAR

D.

Secondary risk

Question 26

You are project manager of HHK project. Examine the network diagram given below: A vendor reports that he will be four days late on the materials you'll need in order to complete Activity E. Based on the project network diagram, how many days can Activity E be delayed?

Options:

A.

Five days

B.

Four days

C.

Six days

D.

Zero, it is on the critical path.

Question 27

Holly is the project manager of the GHH Project. During risk identification and the subsequent risk analysis process she has identified a risk with a high probability and high impact for her project.

She and the stakeholder agree that the project management plan should be changed to eliminate the risk threat entirely. What risk response has Holly used in this instance?

Options:

A.

This is the avoidance risk response.

B.

This is the transference risk response.

C.

This is a scope change and not a risk response.

D.

This is the risk mitigation response.

Question 28

Jane works as a project manager for PassGuide Inc. She is calculating the estimated activity durations for her project. She is using parameters such as duration, budget, size, weight, and complexity from a previous similar project as the basis for estimating the new project. Which of the following estimate activity duration techniques is she using in the project?

Options:

A.

Expert judgment

B.

Three-point

C.

Parametric

D.

Analogous

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Total 397 questions