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NEW QUESTION 50
You are the project manager for your organization to install new workstations, servers, and cabling throughout a new building, where your company will be moving into. The vendor for the project informs you that the cost of the cabling has increased due to the some reason. This new cost will cause the cost of your project to increase by nearly eight percent. What change control system should the costs be entered into for review?
- A. Cost change control system
- B. Scope change control system
- C. Contract change control system
- D. Only changes to the project scope should pass through a change control system.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Because this change deals with the change of the deliverable, it should pass through the cost change control system. The cost change control system reviews the reason why the change has happened, what the cost affects, and how the project should respond.
Incorrect Answers:
B: This is not a contract change. According to the evidence that a contract exists or that the cost of the materials is outside of the terms of a contract if one existed. Considered a time and materials contract where a change of this nature could be acceptable according to the terms of the contract. If the vendor wanted to change the terms of the contract then it would be appropriate to enter the change into the contract change control system.
C: The scope of the project will not change due to the cost of the materials.
D: There are four change control systems that should always be entertained for change: schedule, cost, scope, and contract.
NEW QUESTION 51
Which of the following would BEST enable a risk practitioner to embed risk management within the organization?
- A. Collect and analyze risk data for report generation.
- B. Provide risk management feedback to key stakeholders.
- C. Monitor and prioritize risk data according to the heat map
- D. Engage key stakeholders in risk management practices.
Answer: D
NEW QUESTION 52
An organization has completed a project to implement encryption on all databases that host customer data.
Which of the following elements of the risk register should be updated the reflect this change?
- A. Risk likelihood
- B. Risk appetite
- C. Risk tolerance
- D. Inherent risk
Answer: A
NEW QUESTION 53
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