Free PgMP – Program Management Professional Practice Test Question

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  Risk Monitoring and Control is an ongoing process for the life of the program.

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  Planned risk responses should be continuously monitored for new and changing risks.

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  Monitoring reduces the impact of risk by identifying, analyzing, reporting, and managing risks on a continuous basis.

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  It is the process of selecting the most suitable response to reduce the threats to the program objectives.
  
  

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  It defines all the work and only the required work for the program.

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  It formally authorizes the program.

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  It sets authorities and limits for the program manager and team.

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  It represents a common understanding of the program for the purpose of facilitating communication among the stakeholders.
  
  

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  Half float

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  Full float

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  Total float

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  Free float
  
  

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  Performing quality inspections regularly

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  Archiving sign-off at important milestones

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  Documenting the requirements

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  Completing the project behind the schedule
  
  

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  Accept what the program sponsor requires and implement the changes.

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  Discuss the proposed changes with the stakeholders and project managers, and give the program sponsor the best option.

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  Respond to the program sponsor if the program sponsor asks about it a second time.

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  Present the risks and benefits of the changes to the program sponsor.
  
  

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  Scope changes may originate from the stake holders.

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  Change requests for a particular project have to be approved by the project manager irrespective of their potential impact on multiple projects.

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  The program has a change control board that analyzes changes at the program level.

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  The change control process on a program is often hierarchical.
  
  

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  Inspection and audits

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  Budget management system

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  Supplier performance review
  

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  Contract performance review
  
  

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  Lessons learned are in program execution.

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  Lessons learned are created at each program deliverable.

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  Lessons learned are created during the program closure.

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  Lessons learned are created during the program archive.
  
  

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  Update the program benefits management plan and risk register.

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  Implement the mitigation plan for the identified risk.

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  Adjust the program scope to avoid the risk.

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  Document the risk and create a mitigation plan.
  
  

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  Quality control

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  Kill point

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  Phase review

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  Audit
  
  

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  Map costs to the expected benefits realization.

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  Establish intermediate budget based on historical information.

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  Establish program financial framework.

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  Performing a stakeholder analysis

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  Updating the stakeholder communications requirements

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  Redistributing the benefits management plan

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  Redistributing the program charter
  
  

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  Breach of contract

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  Issue

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  Risk

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  Claim
  
  

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  Determine the time and cost of researching the issue for resolution.

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  Record the issue in the issue log.

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  Document the issue in the lessons learned.

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  Communicate with the stakeholders that you are addressing the issue.
  
  

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  During project planning

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  During the project execution

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  At the project start

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  At the end of the project
  
  

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  Cost overrun for work completed

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  Scheduled performance is great

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  Cost underrun of performance to date

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  Cost for completed work is as per estimate
  
  

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  Ask the stakeholders what they want and proceed with their recommendations.

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  Agree with the customer and initiate change control procedures.

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  Continue periodic gate reviews to maintain program effectiveness for benefits realization.

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  Replace program reviews with periodic communications of the program's status.