You are the project manager for Bluewell Inc. You are studying the documentation of project plan. The documentation states that there are twenty-five stakeholders with the project. What will be the number of communication channel s for the project?
Answer(s): D
Communication channels are paths of communication with stakeholders in a project. The number of communication channels shows the complexity of a project's communication and can be derived through the formula shown below:Total Number of Communication Channels = n (n-1)/2 where n is the number of stakeholders.Hence, a project having five stakeholders will have ten communication channels. Putting the value of the number of stakeholders in the formula will provide the number of communication channels.Hence, Number of communication channel = (n (n-1)) / 2= (25 (25-1)) / 2= (25 x 24) / 2= 600 / 2= 300Incorrect Answers:A, B, C: These are not valid number of communication channels for the given scenario.
Which of the following are the common mistakes while implementing KRIs? Each correct answer represents a complete solution. Choose three.
Answer(s): A,C,D
A common mistake when implementing KRIs other than selecting too many KRIs includes choosing KRIs that are:Not linked to specific riskIncomplete or inaccurate due to unclear specifications Too genericDifficult to aggregate, compare and interpret Difficult to measureIncorrect Answers:B: For ensuring high reliability of the KRI, The indicator must possess a high correlation with the risk and be a good predictor or outcome measure. Hence KRIs are chosen that has high correlation with the risk.
Which of the following control audit is performed to assess the efficiency of the productivity in the operations environment?
Answer(s): A
Billy is the project manager of the HAR Project and is in month six of the project. The project is scheduled to last for 18 months.Management asks Billy how often the project team is participating in risk reassessment in this project. What should Billy tell management if he's following the best practices for risk management?
Risk management is an ongoing project activity. It should be an agenda item at every project status meeting. Incorrect Answers:A: Risk management happens throughout the project as does project planning.B: Milestones are good times to do reviews, but risk management should happen frequently.C: This answer would only be correct if the project has a status meeting just once per month in the project.
You are the project manager of the NGQQ Project for your company. To help you communicate project status to your stakeholders, you are going to create a stakeholder register. All of the following information should be included in the stakeholder register except for which one?
The stakeholder management strategy is generally not included in the stakeholder registry because it may contain sensitive information that should not be shared with project team members or certain other individuals that could see the stakeholder register. The stakeholder register is a project management document that contains a list of the stakeholders associated with the project. It assesses how they are involved in the project and identifies what role they play in the organization. The information in this document can be very perceptive and is meant for limited exchange only. It also contains relevant information about the stakeholders, such as their requirements, expectations, and influence on the project.Incorrect Answers:B, C, D: Stakeholder identification, Assessment information, and Stakeholder classification should be included in the stakeholder register.
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