Foundation Exam Questions PDF download - Page: 14

QUESTION: 105

The Project Board have overall control at what level?

Day-to-day control for a management stage within stage tolerance
Work Package level within Work Package tolerance
Project level within project tolerance
All levels of plans and tolerances

Answer(s): C

QUESTION: 106

What name is given to the permissible deviation allowed above and below a plan's target for time and cost without escalating the deviation to the next level of management?

Concession
Tolerance
Contingency
Allowance

Answer(s): B

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If any type of issue or risk (or aggregation of them) cannot be resolved within the tolerances set by the Project Board, which of the following products would first be sent to the Project Board to inform them of this deviation?

Exception Report
End Stage Report
Highlight Report
Updated Risk and Issue Registers

Answer(s): A

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QUESTION: 108

Tolerance forms a key element of allowing the Project Board to manage by exception. Which of the following statements are correct regarding tolerance?
1. The Project Board sets project tolerances
2. Tolerances can be applied for Time, Cost, Scope, Quality, Benefit and Risk
3. The Project Manager sets Work Package tolerance
4. Cost tolerance should not be used to pay for authorized requests for change

1, 2, 3
1, 2, 4
1, 3, 4
2, 3, 4

Answer(s): D

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QUESTION: 109

When it is forecast that one or more tolerances are to be exceeded, what should happen first?

The next higher level of management will begin to execute management by exception
The appropriate level of management must refer the matter to the next higher level
The Project Plan will be replaced by a fallback plan
The appropriate level of management will automatically produce and execute an Exception Plan to recover from the deviation without referral

Answer(s): B

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