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Vendor: IFMA

Exam Code: CFM Dumps

Questions and Answers: 104

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NEW QUESTION: 1
You are the project manager of the NHH Project. You are working with the project team to create a plan to document the procedures to manage risks throughout the project. This document will define how risks will be identified and quantified. It will also define how contingency plans will be implemented by the project team. What document do you and your team is creating in this scenario?
A. Project management plan
B. Risk management plan
C. Project plan
D. Resource management plan
E. Explanation:
The risk management plan, part of the comprehensive management plan, defines how risks will be identified, analyzed, monitored and controlled, and even responded to. A Risk management plan is a document arranged by a project manager to estimate the effectiveness, predict risks, and build response plans to mitigate them. It also consists of the risk assessment matrix. Risks are built in with any project, and project managers evaluate risks repeatedly and build plans to address them. The risk management plan consists of analysis of possible risks with both high and low impacts, and the mitigation strategies to facilitate the project and avoid being derailed through which the common problems arise. Risk management plans should be timely reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critically, risk management plans include a risk strategy for project execution.
Answer: B,E
Explanation:
is incorrect. The project management plan is a comprehensive plan that communicates the intent of the project for all project management knowledge areas. Answer: A is incorrect. The project plan is not an official PMBOK project management plan. Answer: B is incorrect. The resource management plan defines the management of project resources, such as project team members, facilities, equipment, and contractors.

NEW QUESTION: 2
Gregory is the Scrum Master on a project to create automated devices for the health industry. He advocates that every member of the Scrum Team should actively participate in team building activities, estimation meetings, and in Daily Standups. He looks to give more responsibility to team members. Which of the following theories does Gregory seem to subscribe to?
A. Theory X
B. Win/Win Conflict Resolution
C. Theory Y
D. Maslow's hierarchy of needs
Answer: D
Explanation:
Reference:
https://medium.com/serious-scrum/we-dont-let-the-teams-self-organise-fd27807d8e15

NEW QUESTION: 3
Which of the following should be the MAIN governance focus when implementing a newly approved bring your own device (BYOD) policy?
A. Understanding knowledge gaps of IT employees to support different mobile platforms
B. Recommending mobile applications that will increase business productivity
C. Educating employees on the increased IT security risk to the enterprise
D. Training employees on the enterprise's chosen mobile device management system
Answer: C

NEW QUESTION: 4
What is an example of RPO?
A. Mission critical servers are backed up every 30 minutes.
B. Promised recovery time of a mission critical server is 2 hours
C. Files older than 1 year are deleted.
D. Email is retained for 90 days.
Answer: A


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