# some more PMP question to answer

Which of the following contains Change Management Plan ?

1. Scope management plan
2. Communications management plan
3. Configuration management plan
4. Quality management plan

In the Monte Carlo technique, what is the criticality index?

1. The number of days the project will be late divided by the project duration
2. The percent of time a given activity will be on the critical path
3. The percent of time an activity will be late
4. The sum of the duration of the critical path activities divided by the project expected value for duration

A system development project is nearing project closing when a previously unidentified risk is discovered. This could potentially affect the project's overall ability to deliver. What should be done next?

1. Alert the project sponsor of potential impacts to cost, scope or schedule.
2. Qualify the risk.
3. Mitigate this risk by developing a risk response plan.
4. Develop a workaround.

C

B

D

C

D ( PURE GUESS)

D

B

B

B

C,B,D

### C B AWhy1.though Q should be

C B A

Why

1.

though Q should be asked like

which of this is closed to ( or associated with) Ch M P.

COn MP does not contain Ch MP, but other options are far away.

2

The criticality index is a decimal, (or some times in %age - as Index can be expressed in decimal or %age a relative and nonunitary term) between 0 and 1, representing how critical a task (located on the critical path) is to the project. By knowing the criticality index of each and every task on the critical path, we can easily know which tasks are extremely critical to the project and which are not.

Now the question is, how is the criticality index calculated?

Here's how: we run a Monte Carlo simulation and we see how many times (of all iterations) the task remains on the critical path. So, for example, if we run the Monte Carlo simulation 100 times, and 80 out of the 100 times that task remained on the critical path, then its criticality index is 0.8.

The criticality index is mainly used in risk analysis.

3

Risk not triggered - hence option D is wrong,

Risk so far only discovered, and not analysed, and q asking , what should be done next -- hence at least when other option is available - let option  C ,keep  in pocket.

Option B is nonPMI

Option A -  The project is near to closing., Sponsor is in impression of considerable margin of funding/budget.

Alert is here should be afirst action/ prompt action, so that his mind set could be in line.

Regards

### Secondly Fund for This risk

Secondly

Fund for This risk is not in contingencies reserve. Management reserve is required and hence ultimately you have to approach and get approval.
I don't think mgt reserve is owened by PM.

Option c is prompting for action. Of mitigation without analysing and funding arrangements may cause 2nd secondary risk.

### This risk question is

This risk question is confusing. My colleagues are also in the favor "work around". My point is still going for risk qualification. Risk may be qualified as a low category risk after the analysis. Right now it is an assumption that risk would damage the schedule and budget but no solid evidences are in hand.

Again, just my view and I may be totally wrong.

Regards,

MK

### Risk Question

My opinion is when risk is identified at any stage including at the final stage,  first step is to alert the project sponsor to ensure the priorities are adjusted and requirement of contingency reserve to be used. Once, sponsor is alerted, PM looks at options to develop a workaround, based on the criticality of the risk.

Even to develop a work around, the PM has to do that in consultation with project sponsor, hence, the option of alerting sponsor is the first step as per my opinion.

ram

### Risk Question

My opinion is to Qualify the Risk. Before going to the sponser PM has to analyse the impact and probabilty of the risk , so that PM can give the details of the risk to sponser.

### PMBOK or PMI does not use

PMBOK or PMI does not use this term, it is a made-up term by questioner.

In place of term "Qualify", PMBOK uses "Identify" - as per my view.

They have already qualified it in contents - it has been qualified (identified) - Potential cost/scope/schedule could be affected.

But further analysis - like should it be handled by mitigation or by active acceptance. How much is risk rate/score/ threshold/category/level.

And it is just discovered and not occured or triggered .

Who are in favor of  WORKAROUND please give me their logic/basis.

Perhaps they are answering from any reliable source like RITA or else.

2018.3.8xukaimin