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Last Updated: May 31, 2026
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1. What should be done to ensure that the entire scope of work of the project is included in our planning?
A) Create a scope statement.
B) Create a risk management plan.
C) Create a work breakdown structure (WBS).
D) Create a contingency plan.
2. Which one of the following is NOT a risk?
A) Our subcontractor might charge us for the extra site visits as this particular case is not written down in our supply contract.
B) Logistic has informed the project team that the delivery which was expected last week has not arrived yet.
C) Customer might run into environmental issues with the municipality due to our product and missing ISO14000 certification.
D) The acceptance criteria in the contract amendment might lead to additional effort as the wording could be misunderstood.
3. Your project is ongoing, all partner contracts have been renegotiated and new, higher prices came into effect immediately. If all the other circumstances in your project remain unchanged, your CPI value will:
A) decrease.
B) increase.
C) be affected by the change but the trend can't be determined with the data provided.
D) not be affected by the change.
4. In which situation is it required to update/change the cost baseline?
A) Scope changes supported by a legal binding document.
B) Change in subcontractor prices.
C) Roll-out delays affecting the original cost plan.
D) When a risk has materialized.
5. A risk response which involves eliminating a threat is called:
A) mitigation.
B) avoidance.
C) deflection.
D) transfer.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: B |
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