CPP Risk Assessment & Quality Control 3

Question 1

A CPP practitioner performs a quality audit on a project. What is the primary goal of a quality audit?

Accepted Answer

To confirm that project quality processes are being followed and are effective

Answer

Quality audits are structured reviews that confirm compliance with quality policies, identify gaps in quality processes, and verify that corrective actions are implemented effectively.

Question 2

During Monte Carlo simulation for a project schedule, the output shows a 70% confidence interval of completing by Month 10. What does this mean?

Accepted Answer

There is a 70% probability the project will be completed by Month 10 based on modeled uncertainties

Answer

Monte Carlo simulation expresses results as confidence intervals, meaning there is a 70% probability that the project will finish on or before Month 10 given the range of input uncertainties.

Question 3

Which of the following best describes the concept of 'cost of quality' (COQ) in project management?

Accepted Answer

The total cost incurred to prevent failures, appraise conformance, and address nonconformance

Answer

Cost of quality encompasses prevention costs, appraisal costs, and failure costs (internal and external), representing the total investment related to achieving and failing to achieve quality.

Question 4

A risk owner has been assigned to a specific risk on the risk register. What is the primary responsibility of the risk owner?

Accepted Answer

Monitoring the risk and implementing the agreed response plan if the risk occurs

Answer

The risk owner is accountable for monitoring a specific risk and executing the planned response strategy if the risk trigger occurs.

Question 5

A project manager identifies a risk that, if it occurs, would create a highly favorable outcome. What type of risk is this, and what is the appropriate response?

Accepted Answer

An opportunity; the response options include exploit, enhance, or share

Answer

Positive risks (opportunities) are addressed using strategies such as exploit (ensure it happens), enhance (increase probability/impact), or share (partner with another party).

(CPP) Certified Project Professional Practice Test

(CPP) Certified Project Professional Practice Test

CPP Risk Assessment & Quality Control 3