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GCPM – GIAC Certified Project Manager Certification Practice Test

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Showing 10–12 of 15 questions

Question 10 (Volume D)

Which of the following costs is measured to assess quality?

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    External failure cost

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    Internal failure cost

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    Appraisal cost

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    Prevention cost

Question 11 (Volume A)

You work as a project manager for PassGuide Inc. You are working with your project team to plan the risk responses. Your project has a budget of $450,000 and is expected to last seven months. You have identified a risk event that has a probability of .60 and has a cost impact of $250,000 within the project. While creating a risk response for this event, what is the risk exposure of the event that must be considered for the cost of the risk response?

Select an option, then click Submit answer.

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    Risk exposure is $250,000.

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    Risk exposure is $150,000.

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    Risk exposure is $350,000.

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    Risk exposure is $50,000.

Question 12 (Volume D)

Which of the following is described in the statement below?

"It measures the quality objectives of the project. It provides the foundation for measuring and reporting quality performance as part of the performance measurement baseline."

Select an option, then click Submit answer.

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    Cost baseline

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    Scope baseline

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    Schedule baseline

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    Quality baseline