GCPM Practice Test

GCPM Practice Test practice questions, page 7 of 15, with answer review and explanations.

Question 31

Which of the following forecasting methods is described in the statement below? "It is based on the assumption that it is possible to identify some factors that might influence the variable that is being forecasted."

  1. Causal/econometric method
  2. Judgmental method
  3. Ensemble forecasting
  4. Time series method

Question 32

Identify Risks is the process of determining which risks may affect the project. Which of the following are inputs of the Identify risks process?

  1. Risk management plan
  2. Risk register
  3. Scope baseline
  4. Project documents

Question 33

Which of the following forecasting methods is described in the statement below? "It is based on the assumption that it is possible to identify some factors that might influence the variable that is being forecasted."

  1. Causal/econometric method
  2. Judgmental method
  3. Ensemble forecasting
  4. Time series method

Question 34

Identify Risks is the process of determining which risks may affect the project. Which of the following are inputs of the Identify risks process?

  1. Risk management plan
  2. Risk register
  3. Scope baseline
  4. Project documents

Question 35

You work as a project manager for HRM Inc. Your project has a schedule variance of -$35,500 and a schedule performance index of 0.92. What do these values mean in regard to project performance?

  1. The project is performing well.
  2. The project has a planned value of $600,000.
  3. The project is likely to be late and over budget.
  4. The project is eight percent off schedule and has a considerable schedule variance.