CRE Project Planning and Management 2

Question 1

Which risk assessment tool uses a matrix to prioritize risks based on probability and severity?

Accepted Answer

Risk priority matrix

Answer

A risk priority matrix plots probability against severity to rank risks so resources can be directed toward the highest-priority items.

Question 2

In project management, what does the term 'scope creep' refer to?

Accepted Answer

Uncontrolled expansion of project requirements beyond original boundaries

Answer

Scope creep is the uncontrolled addition of features or requirements without corresponding adjustments to time, cost, or resources.

Question 3

A reliability engineer is estimating total project cost including uncertainties. Which technique uses three-point estimates to calculate expected cost?

Accepted Answer

PERT estimating

Answer

PERT (Program Evaluation and Review Technique) uses optimistic, most likely, and pessimistic estimates to compute a weighted average expected value.

Question 4

Which project scheduling technique identifies all tasks that directly impact the project completion date?

Accepted Answer

Critical path method

Answer

The Critical Path Method (CPM) identifies the longest sequence of dependent tasks, determining the minimum project duration.

Question 5

During a reliability project, a change control board (CCB) is established. What is its primary purpose?

Accepted Answer

Evaluate and approve changes to project scope, schedule, or cost baseline

Answer

A CCB formally reviews and authorizes changes to project baselines, ensuring modifications are evaluated for impact before implementation.

(CRE) Certified Reliability Engineer Practice Test

(CRE) Certified Reliability Engineer Practice Test

CRE Project Planning and Management 2