ISEB-PM1 Exam Dumps - BCS Project & programme management and consultancy certifications Questions and Answers

Expected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.

Expected value is the value it takes to recover your investment and net present value is the value of money.

Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.

Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.

Requested changes

Project configuration management requirements

Constraints

Project specifications

Both 1) the severity of the consequences, and 2) how likely the event is to occur with risk.

(Cost + Benefit + Business Risk) / Insurable Risk.

how likely the event is to occur with risk.

Risk Probability x Amount At Stake.

the severity of the consequences.

Sally will review the project management plan, including the risk register, as inputs to this process.

Sally will base the evaluation criteria on price alone since the budget is a constraint.

Sally will update the contract statement of work with any new information.

Sally will use standard contract forms provided by her procurement department to write the contract for this machine.

process groups.

phase gates.

knowledge areas.

project phases.

Database

Archive.

Lessons learned.

Baseline.

Life cycle summary.

Project risk management

Project scope management

Project time management

Project integration management

Risk identification

Qualitative risk analysis

Risk management planning

Quantitative risk analysis

Contingency reserves address known knowns, whereas management reserves address known unknowns.

Contingency and management reserves both address known unknowns and could be considered the same.

Contingency reserves address known unknowns, whereas management reserves address unknown unknowns.

Contingency reserves are managed by senior management, whereas management reserves are managed by the project manager.

Norming

Forming

Storming

Performing