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As a program manager you must also understand the project management lifecycle and the project lifecycle. What is the difference between the two?
To create market advantage, a program sponsor requests accelerating the implementation of a new manufacturing process that is based on a recently improved system component. The program manager is concerned that the delivery of some program goals could be jeopardized. What should the program manager do?
A program manager initiates a developmental program. Significant resources and funding are required for early activities until the program cost and budget estimates are complete. What should the program manager do to understand the financial environment?
Part of program management is to understand how the communication model works in a program. The program manager must be able to effectively communicate with the program team and stakeholders. What component of the communication model is responsible for carrying the message?
The program selection committee presents several programs for approval: Program A is estimated to cost US$250,000, and has an annual cash inflow of US$75,000. Program B is estimated to cost US$150,000, and has an annual cash inflow of US$55,000. Program C is estimated to cost US$100,000, and has an annual cash inflow of US$45,000. Program D is estimated to cost US$200,000, and has an annual cash inflow of US$35,000. Which program was selected based solely on a three-year return on investment?
A program manager, who reports to a company's CIO, is responsible for managing a strategic initiative program. During a program review meeting, the CIO informs the program manager about potential budget cuts that would impact program resources, and urges the program manager to begin delivering benefits more quickly to continue the program. What should the program manager do first?
The program charter for a new, five-component program has been approved. What should the program manager use to communicate the program's intended direction and the linkage between organizational strategies and planned work?
The program manager takes over a poorly performing program. After a review of the documentation and interviews with the program sponsor, stakeholders, and program constituents, the program manager realizes that the program is not aligned with the corporate/organizational goals. The program manager must realign the constituent projects and components to meet the program's needs. What action should the program manager take to realign the program?
Throughout a multiyear program, component projects are transitioned to the customer. During the project acceptance phase, a potential risk is identified and brought to the program team's attention. What should be done with the identified potential risk?
You are the program manager for a construction program. In this program you are requiring that all workers adhere to the identified safety requirements. Some of the work in the program you've decided is too risky for the program team members so you've hired specialists to manage the dangerous work. The outsourcing of the dangerous work to a specialist is what type of risk response?

Question 198 - PgMP discussion

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Which of the following statements are true regarding the Monitoring and Controlling Program Risks process? Each correct answer represents a complete solution. Choose all that apply.

A.
Risk Monitoring and Control is an ongoing process for the life of the program.
Answers
A.
Risk Monitoring and Control is an ongoing process for the life of the program.
B.
Planned risk responses should be continuously monitored for new and changing risks.
Answers
B.
Planned risk responses should be continuously monitored for new and changing risks.
C.
Monitoring reduces the impact of risk by identifying, analyzing, reporting, and managing risks on a continuous basis.
Answers
C.
Monitoring reduces the impact of risk by identifying, analyzing, reporting, and managing risks on a continuous basis.
D.
It is the process of selecting the most suitable response to reduce the threats to the program objectives.
Answers
D.
It is the process of selecting the most suitable response to reduce the threats to the program objectives.
Suggested answer: A, B, C
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asked 23/09/2024
Duc Hai
45 questions
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