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You are the program manager for your organization. Management is considering a new program but they are worried about the program risks that may affect the program success. You know that there are three positive risks responses and three negative risk responses that each risk can have. Management asks you which risk response would be most appropriate for a large risk event if they wanted to hire a third-party to own the risk event for the program. What risk event is most appropriate?

A.

Transference

B.

Mitigation

C.

Avoidance

D.

Sharing

Management is trying to determine which program to initiate. Each of the potential programs has the possibility of creating an income for each it is in existence. Management would like to consider the present value for each year a program creates a return on investment. What program selection method is management using in this

instance?

A.

Present value

B.

Internal rate of return

C.

Time value of money

D.

Net present value

An aircraft manufacturer is engaged by an airline to build a fleet of new airliners. The program charter has

been approved, but the stakeholders are concerned that the delivery method of the program may not meet their expectations.

Using the program master schedule, what will the program manager incorporate to align the program with the expectations of the stakeholders?

A.

Program work breakdown structure (PWBS), program scope statement, and benefits management plan

B.

PWBS, benefits management plan, and program financial management plan

C.

Program charter, PWBS, and program scope statement

D.

Program scope statement, benefits management plan, and program financial management plan

To increase its presence and promote its products and services in new markets, a company begins to implement its new business strategy. The company’s CEO endorses a new program to promote and support this strategy. However, before the program is formally initiated, this strategy must be aligned with the organization’s strategic goals and objectives.

What should the program manager develop first?

A.

Program’s risk threshold

B.

Program risk management plan

C.

Program resource management plan

D.

Program risk and issue governance forum

Which of the following statements are true regarding program scope changes? (Choose three.)

A.

Scope changes may originate from the stake holders.

B.

Change requests for a particular project have to be approved by the project manager irrespective of their potential impact on multiple projects.

C.

The program has a change control board that analyzes changes at the program level.

D.

The change control process on a program is often hierarchical.

A large program consists of several component projects and six project managers. The program governance board requests that all components within the program undergo user acceptance testing before being released to the production environment.

Where should the program manager document this?

A.

Program governance plan

B.

Program requirements

C.

Component test plan and test cases

D.

Program quality management plan

Don is the project manager of the NQP Project for his organization. This project is scheduled to last for 18 months and will have several elements of the project that have government regulations. Management is concerned with the regulations and would like Don to report on the activities that will be affected by the regulations. What document should Don reference for information on the activities and the regulations?

A.

Risk management plan

B.

Risk register

C.

Activity list

D.

Activity list and attributes

Hal is the program manager for his organization. He would like your organization to provide his program with 4 tons of pea gravel for a construction project in his program. Hal send you a statement of work and an IFB. What document should you provide to Hal?

A.

Invoice

B.

Proposal

C.

Bid

D.

Quote

You are the program manager for your program and are creating a communications management plan. Management wants you to address the type of communications based on the number of communication channels you'll have within the program. Currently there are 345 stakeholders in your program but next week you'll have 387 stakeholders. How many more communication channels will you have next week in your program?

A.

59,340

B.

15,351

C.

861

D.

74,691

Who owns the program?

A.

Program manager

B.

Project manager

C.

Program director

D.

Program sponsor