Question 1

Bob is the CEO of a fast-growing electronics company. Bob has a high risk appetite and this is reflected within the company culture. Which of the following would be the best approach to manage risk at this company?

Options :

A : tolerate all risks

B : hire a project manager with low appetite for risk to balance out the risk appetite

C : set risk thresholds

D : base the company-s Competitive Strategy of the Risk Appetite

Answer: C

Question 2

In a large construction project where there are many stakeholders, which of the following groups would you expect to see represented on the Project Board? Select TWO

Options :

A : Senior Employees

B : Senior Users

C : Senior Suppliers

D : Senior Buyers

Answer: B,C

Question 3

Ali is a Project Manager at a large retail organisation within the UK. He has created a project timeline and allocated a budget. However 2 months into the project the UK declares a national lockdown due to an unknown virus sweeping the nation. This, naturally, complicates Ali's project, but what type of complexity is this known as?

Options :

A :

structural complexity

B : technical complexity

C : directional complexity

D : temporal complexity

Answer: D

Question 4

Which of the following is an international standard for Social Responsibility?

Options :

A : ISO26000

B : ISO27000

C : Social Value Act

D : Ethical Trading Initiative

Answer: A

Question 5

The prediction of tomorrow's weather is considered to be which type of change situation?

Options :

A : closed change

B : contained change

C : open-ended change

D : certain change

Answer: B