PRF Online Practice Questions and Answers

Which may be funded from a risk budget?

A. Corrections due to off-specifications

B. Impact analysis of requests for change

C. Implementation of a fallback plan

D. Preparation of the Risk Management Strategy

Which is a purpose of quality planning?

A. Define the structure of the project management team

B. Detail the acceptance criteria, in order for the Project Board to agree the level of quality expected of the project's product

C. Document approval records for those project products that have met their quality criteria

D. Produce the Project Plan with resource and schedule information

Which is NOT a purpose of the Organization theme?

A. Define a project management team structure

B. Define the level of tolerance for each level of the project management team

C. Define the Project Board's responsibility for directing the project

D. Define which role is accountable for the project's success

Which statement describes the responsibilities of a risk actionee?

A. Identifying risks to the project that might occur in their department

B. Owning and authorizing the use of the risk budget to fund risk responses

C. Managing, monitoring and controlling of all aspects of an assigned risk

D. Carrying out a risk response action to respond to a particular risk

Which is NOT a recommended quality review team role?

A. Administrator

B. Chair

C. Producer

D. Reviewer

Which is a purpose of the Controlling a Stage process?

A. Assign work to be done and take corrective action to ensure that the stage remains within tolerance

B. Provide a fixed reference point at which acceptance for the project product is confirmed

C. Enable the Project Board to be provided with sufficient information to authorize the next stage

D. Enable the organization to understand the work that needs to be done to deliver the project's products

What product records any time tolerances agreed between the Project Manager and Team Manager?

A. Product Description

B. Work Package

C. Project Initiation Documentation

D. Stage Plan

Which describes risk appetite?

A. An organization's unique attitude towards risk-taking

B. The risks to the expected benefits

C. A common set of risk categories, risk scales and evaluation techniques

D. The budget set aside for potential changes to the scope of the project

What needs to be in place to ensure effective issue and change control?

A. Configuration management system

B. Manage by exception

C. Quality planning

D. Information needs for stakeholders

What is described as an organization's unique attitude towards risk taking?

A. Risk appetite

B. Risk management

C. Risk evaluation

D. Risk tolerance