Exam 5: Planning Projects, part 2 Project Quality, human Resource, communications, risk, and Procurement Management

One side (axis)of a(n)____________________/impact matrix or chart lists the relative probability of a risk event occurring,and the other side (axis)of the chart shows the relative impact of the risk event occurring.

There are ____ important dimensions of risk events.

Two important metrics related to the Just-In-Time Training project include the ____ and course evaluation ratings.

____ pricing can be used in various types of contracts to require the buyer to pay the supplier a predetermined amount per unit of service.

The salaries for people working directly on a project and materials purchased for a specific project are indirect costs.

Identify eight items that should be addressed by a communications management plan.

People determine the success and failure of organizations and projects.

Quality,human resource,communications,risk,and procurement management are incidental to project success.

Risk management planning addresses procurement-related topics,such as preparing risk-related ____________________ agreements.

Describe several functions that may be performed using a RAM (responsibility assignment matrix).

Unlike other project plans,the contents of the procurement management plan do not vary with project needs.

Three broad categories of contracts are fixed price,or lump sum; ____; and time and material.

A(n)____________________ is a list of items to be noted or consulted.

Contingency reserves or contingency ____________________ are funds held by the project sponsor that can be used to mitigate cost or schedule overruns if unknown risks occur.

You can help identify the root cause of problems by creating a cause-and-effect or ____ diagram.

Some organizations,including Global Construction,use RACI charts-a type of responsibility assignment matrix that shows Responsibility,____,Consultation,and Informed roles for project stakeholders.

Suppose that the purchase price for a piece of equipment is $12,000,with operational costs of $400 per day.If the same equipment can be leased for $800 per day (inclusive of operational costs),after how many days will the lease cost equal the purchase cost?

Project managers should include clauses in contracts to help manage project risks.

Project human ____________________ management is concerned with making effective use of the people involved with a project.

A(n)____________________ is a standard of measurement.