CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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CGEIT—Certified in the Governance of Enterprise IT - Part 21
1. Management wants you to create a visual diagram of what resources will be utilized in the project deliverables. What type of a chart is management asking you to create?
A) RACI chart
B) Roles and responsibility matrix
C) Work breakdown structure
D) Resource breakdown structure
2. You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks. Which one of the following statements best describes the requirements for the data type used in qualitative risk analysis?
A) A qualitative risk analysis requires fast and simple data to complete the analysis.
B) A qualitative risk analysis required unbiased stakeholders with biased risk tolerances.
C) A qualitative risk analysis encourages biased data to reveal risk tolerances.
D) A qualitative risk analysis requires accurate and unbiased data if it is to be credible.
3. Lisa is the project manager of the FKN project for her organization. She is working with Sam, the CIO, to discuss a discount the vendor has offered the project based on the amount of materials that is ordered. Lisa and Sam review the offer and agree that while their project may qualify for the discounted materials the savings is nominal and they would not necessarily pursue the savings. Lisa documents this positive risk response in the risk register. What risk response is this?
A) Share
B) Acceptance
C) Enhance
D) Transference
4. You are the project manager of the GHY Project and would like to perform a review of your project from several different characteristics. You would like to review what worked in the project and what needed improvement. What type of analysis would be most appropriate for the end of project review?
A) Feasibility study
B) Product breakdown
C) Business case study
D) SWOT analysis
5. Which of the following best describes the identification, analysis, and ranking of risks?
A) Plan Risk management
B) Design of experiments
C) Fixed-price contracts
D) Fast tracking
A) RACI chart
B) Roles and responsibility matrix
C) Work breakdown structure
D) Resource breakdown structure
2. You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks. Which one of the following statements best describes the requirements for the data type used in qualitative risk analysis?
A) A qualitative risk analysis requires fast and simple data to complete the analysis.
B) A qualitative risk analysis required unbiased stakeholders with biased risk tolerances.
C) A qualitative risk analysis encourages biased data to reveal risk tolerances.
D) A qualitative risk analysis requires accurate and unbiased data if it is to be credible.
3. Lisa is the project manager of the FKN project for her organization. She is working with Sam, the CIO, to discuss a discount the vendor has offered the project based on the amount of materials that is ordered. Lisa and Sam review the offer and agree that while their project may qualify for the discounted materials the savings is nominal and they would not necessarily pursue the savings. Lisa documents this positive risk response in the risk register. What risk response is this?
A) Share
B) Acceptance
C) Enhance
D) Transference
4. You are the project manager of the GHY Project and would like to perform a review of your project from several different characteristics. You would like to review what worked in the project and what needed improvement. What type of analysis would be most appropriate for the end of project review?
A) Feasibility study
B) Product breakdown
C) Business case study
D) SWOT analysis
5. Which of the following best describes the identification, analysis, and ranking of risks?
A) Plan Risk management
B) Design of experiments
C) Fixed-price contracts
D) Fast tracking
1. Right Answer: D
Explanation:
2. Right Answer: D
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: A
Explanation:
Explanation:
2. Right Answer: D
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: A
Explanation:
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