GCP Project Planning & Execution 3 ā Questions and Answers
Question 1: A project manager is using a responsibility assignment matrix (RAM). In a RACI chart, what does the 'C' stand for?
- Committed
- Consulted (Correct answer)
- Controlled
- Completed
Correct answer: Consulted
In RACI, 'C' stands for Consulted, meaning those whose input is sought and with whom there is two-way communication.
Question 2: During execution, the project team discovers a previously unidentified risk. Where should this risk be documented?
- Issue log
- Assumption log
- Risk register (Correct answer)
- Lessons learned register
Correct answer: Risk register
All identified risks, including those discovered during execution, are documented in the risk register for tracking and response planning.
Question 3: A project's Planned Value (PV) is $120,000 and its Earned Value (EV) is $100,000. What is the Schedule Variance (SV)?
- +$20,000
- -$20,000 (Correct answer)
- $220,000
- $0
Correct answer: -$20,000
Schedule Variance = EV ā PV = $100,000 ā $120,000 = ā$20,000, indicating the project is behind schedule.
Question 4: Which type of dependency occurs when one activity cannot start until another has finished, regardless of any other constraints?
- Discretionary dependency
- External dependency
- Mandatory dependency (Correct answer)
- Preferential dependency
Correct answer: Mandatory dependency
Mandatory dependencies are contractually or physically required relationships between activities and cannot be changed by the project team.
Question 5: A project manager wants to identify which risks have the greatest potential impact on project objectives. Which tool is MOST appropriate?
- Probability and impact matrix
- Tornado diagram (Correct answer)
- Ishikawa diagram
- Pareto chart
Correct answer: Tornado diagram
A tornado diagram ranks risks by the range of their potential impact on the project objective, making it easy to identify the highest-priority risks.
Question 6: Which document formally authorizes a project and gives the project manager authority to apply organizational resources?
- Project management plan
- Project charter (Correct answer)
- Statement of work
- Scope baseline
Correct answer: Project charter
The project charter is the document that formally authorizes the project and grants the PM authority to use organizational resources.
Question 7: A project manager is planning communication for a project with 8 stakeholders. How many potential communication channels exist?
- 28 (Correct answer)
- 16
- 56
- 8
Correct answer: 28
Communication channels = n(nā1)/2 = 8Ć7/2 = 28, where n is the number of stakeholders.
GCP Project Planning & Execution 3
A project manager is using a responsibility assignment matrix (RAM).
In a RACI chart, what does the 'C' stand for?