Page 272 - E2 Integrated Workbook STUDENT 2018

Subject E2: Project and Relationship Management

14.2 A company is undertaking a project and has completed a risk assessment.

Match the following risk assessment scenarios to the most suitable risk
management strategy.

Risks with a low likelihood and a low TRANSFER
impact.

Risks with a high likelihood and a high ACCEPT
impact.

Risks with a low likelihood and a high REDUCE
impact.

Risks with a high likelihood and a low AVOID
impact.

14.3 Which TWO of the following statements regarding the activities carried
out during the various stages of the project lifecycle are correct?

A The main output of the initiating stage is the project quality plan (PQP).

B One of the main techniques used at the planning stage of a project is the
Gantt chart which is used to determine the resource requirement for the
project.

C During the executing stage, configuration management will be used to that
all changes within the project are properly managed and documentation is
controlled.

D Reports are used within the controlling stage of the project. Exception
reports are used to highlight only the deviations from the plan.

E The project team is disbanded at the post-completion stage of the project.

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