Professional Documents
Culture Documents
Question 6. (TCO I) You are the project manager on a critical project for your corporation. You
have decided to employ fault-tree analysis on your project. What is fault-tree analysis, and how
can it be applied to your project? (Points : 25)
Question 7. (TCO H) Senior management is concerned about risk owners on your project.
What is the role of a risk owner in the risk management process? (Points: 20)
Question 8. (TCO F) You are a project manager for a large healthcare R & D project. Senior
management has asked you to utilize a sensitivity analysis and a tornado diagram to quantify
risks on your project. Senior managements major concern is the price of raw materials in the
development of the new drug. Describe how to perform a sensitivity analysis and use a tornado
diagram to quantify risks to your project. (Points : 25)
Question 9. (TCO G) Describe and discuss when one should use an FPEPA contract. Compare
and contrast this to a typical FP contract. (Points: 20)
Question 10. (TCO E) Senior management has just returned from a risk management workshop.
One of the topics was reserve analysis. Management does not completely understand the concept
and asks you what the purpose is of performing reserve analysis during the risk management
process. (Points : 20)
Question 11. (TCO D) You are the project manager for an important healthcare project. You are
performing qualitative risk analysis. Below are the values of probability and impact for the top
six risks that were given to you by project team. Assuming a neutral stakeholder tolerance, which
risks must be addressed proactively if possible?(Points : 25)
Question 12. (TCO C) You are the project manager for a large health information technology
project. You are confronted with an important decision on your project: How much scenario
testing is appropriate for this project? Employ decision tree analysis to provide senior
management with the best course of action for this decision.
the design is appropriate for this project? Employ decision tree analysis to provide senior
management with the best course of action for this decision.
For this decision, you have three possible choices: no posttesting of the design, moderate
posttesting of the design, or full posttesting of the design. No posttesting will incur no additional
costs due to testing and has a 25% chance of a successful implementation. If it is unsuccessful,
rework costs are likely to be $30 million dollars. Moderate testing will cost $5 million and has a
50% chance of success. If it is unsuccessful, rework costs are likely to be $30 million. Full
testing will cost $10 million and has a 75% chance of success. If it is unsuccessful, rework costs
are likely to be $30 million. Which solution is appropriate for this project? (Points : 40)
Question 7. (TCO D) You are the project manager for an important healthcare project. You are
performing qualitative risk analysis. Below are the values of probability and impact for the top
six risks that were given to you by project team. Assuming a neutral stakeholder tolerance, which
risks must be addressed proactively if possible? (Points : 25)
Question 8. (TCO E) Senior management is very interested in creating an effective risk
monitoring and control system that is tied to a performance monitoring system for your project.
Describe what a good monitoring and control and performance measurement system for your
project would look like. Be sure to include an example to help illustrate your answer. (Points :
20)
Question 9. (TCO F) You are a project manager for a large healthcare R & D project. Senior
management has asked you to utilize a sensitivity analysis and a tornado diagram to quantify
risks on your project. Senior managements major concern is the price of raw materials in the
development of the new drug. Describe how to perform a sensitivity analysis and use a tornado
diagram to quantify risks to your project. (Points : 25)
Question 10. (TCO G) Describe and discuss when one should use an FPEPA contract. Compare
and contrast this to a typical FP contract. (Points : 20)
Question 11. (TCO H) You are in a status meeting with key project stakeholders. You are
discussing residual and secondary risks in your project. The stakeholders are becoming
concerned about these concepts. The key stakeholders ask for an explanation and example of
each. How would you describe each? Provide an example of a residual and a secondary risk.
(Points : 20)
Question 12. (TCO I) You are the project manager on a complete overhaul of your corporations
IT infrastructure. You have decided to employ fault-tree analysis on your project. What is faulttree analysis, and how can it be applied to your project? (Points : 25)