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ISEB-PM1 BCS Foundation Certificate in IS Project Management is now Stable and With Pass Result | Test Your Knowledge for Free

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ISEB-PM1 Practice Questions

BCS Foundation Certificate in IS Project Management

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Total Questions : 625

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Question # 41

If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that this risk event will occur during the fourth month of the project?

Options:

A.  

Less than 1 percent

B.  

20 percent

C.  

60 percent

D.  

80 percent

Discussion 0
Question # 42

In which process might you use risk reassessment as a tool and technique?

Options:

A.  

Qualitative risk analysis

B.  

Risk monitoring and control

C.  

Monitor and control project work

D.  

Risk response planning

Discussion 0
Question # 43

Trend Analysis is best described as:

Options:

A.  

Examining project performance over time

B.  

Calculating Earned Value

C.  

Calculating Cost Variance

D.  

Analyzing performance of similar projects over time

Discussion 0
Question # 44

What are the formal and informal policies, procedures, and guidelines that could impact how the project's scope is managed?

Options:

A.  

Organizational process assets

B.  

Enterprise environmental factors

C.  

Project management processes

D.  

Project scope management plan

Discussion 0
Question # 45

Company A bought a well-defined project deliverable from Company

B.  

Company A will pay a fixed total price plus a percentage premium for the schedule target achieved.

Options:

A.  

For which type of contract have they subscribed?

B.  

Fixed-price-incentive-fee contracts (FPIF)

C.  

Firm-fixed-price-contracts (FFP)

D.  

Fixed price with Economic Price Adjustment Contracts (FP-EPA)

E.  

Time and material contracts (T&M)

Discussion 0
Question # 46

Which of the following is NOT a reason to measure variances from the baseline?

Options:

A.  

To catch deviations early

B.  

To allow early corrective action

C.  

To determine if there are any wild fluctuations

D.  

To create a project control system

Discussion 0
Question # 47

Fast tracking is a schedule compression technique used to shorten the project schedule without changing project scope.

Which of the following can result from fast tracking?

Options:

A.  

The risk of achieving the shortened project time is increased.

B.  

The critical path will have positive total float.

C.  

Contingency reserves are released for redeployment by the project manager.

D.  

Duration buffers are added to maintain a focus on planned activity durations.

Discussion 0
Question # 48

Which schedule development tool and technique produces a theoretical early start date and late start date?

Options:

A.  

Critical path method

B.  

Variance analysis

C.  

Schedule compression

D.  

Schedule comparison bar charts

Discussion 0
Question # 49

In which of the following types of contracts is it most important for the contractor to maintain control of cost, schedule and scope changes.

Options:

A.  

cost plus incentive fee

B.  

cost plus incentive fee and firm fixed price

C.  

firm fixed price

D.  

cost plus fixed fee

E.  

unit price

Discussion 0
Question # 50

The risk register contains which of the following?

Options:

A.  

Identified risks and potential responses

B.  

Identified risks and updates to scope baseline

C.  

Risk management plan

D.  

Risk related contract decisions

Discussion 0
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