PM Quiz June 2019

PM Quiz :

Compiled by Himadri Sekhar Chowdhury

Questions:

  1. What is Control Threshold in a Cost Management Plan?

  2. What do you measure using a Power / Influence grid?

  3. What are the five alternate strategies for dealing with threats?

  4. What are Check Sheets also known as?

  5. What’s the use of Independent cost estimates during procurement?

Answers:

  1. Variance thresholds for managing cost performance.

  2. Grouping of stakeholders according to their level of authority and interest in the project.

  3. Escalate, Avoid, Transfer, Mitigate, Accept.

  4. Tally sheets.

  5. These provide a reasonable check against proposals submitted by bidders.