YOU WERE LOOKING FOR: Safe Lean Portfolio Management Exam Questions And Answers
If you were unable to clear the test in your first attempt, you can learn the Lean concepts better from our Lean Management Course and take up the test again for better results. What are the requirements to take this Lean Management practice test?...
What is included in this Lean Management practice test? This Lean Management exam prep contains 50 Questions. You can attempt the test any number of times and also pause the test and take it later. What is the Lean Management exam prep? The lean...
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Third attempt requires a day wait. Fourth attempt requires a day wait. Contact support scaledagile. Exam study materials: The exam is designed to measure knowledge and skill related to the job role. We highly recommend candidates use a variety of resources to prepare for this exam including: Course materials — The course materials are an essential artifact from the course and can be downloaded from the SAFe Community Platform.
These materials can be used to reference back to the content that was specifically presented during the class. Study guide — This comprehensive guide details the job role and all resources related to the exam, including a detailed reading list.
Your project involves installing a new Accounting System, and you are performing the risk planning processes. You have identified several problems along with the causes of those problems. Which of the following diagrams will you use to show each problem and its causes and effects? Decision tree diagram C. Benchmark diagram D. Simulation tree diagram Question 2 — Assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks, describe which of the following processes?
Perform quantitative risk analysiS B. Identify risks C. Perform qualitative risk analysis D. Plan risk management Question 3 — Each of the following statements is true regarding the risk management plan except for which one? The risk management plan is an output of the plan risk management process B. The risk management plan includes a description of the responses to risks and triggers C. The risk management plan includes thresholds, scoring and interpretation methods, responsible parties, and budgets D. The risk management plan is an input to all the remaining risk management processes Question 4 — You are using the interviewing technique to the perform a quantitative risk analysis process.
You intend to use normal and lognormal distributions. All of the following statements are true regarding this question except which one? Interviewing techniques are used to quantify the probability and impact of the risks on project objectives B. Normal and lognormal distributions use mean and standard deviation to quantify risks C. Distributions and rustic plea displayed the impacts of risk to the project objectives D. Root cause analysis C. Brainstorming D. Checklist analysis Question 6 — Which of the following processes assesses the likelihood of risk occurrences and their consequences using the numerical rating? Perform qualitative risk analysis B. Perform quantitative risk analysis D. Plan risk responses Question 7 — You are the project manager for a new training website. You need to perform the perform qualitative risk analysis process. When you have completed this process, you will produce all of the following as part of the project documents updates output except which one?
Priority list of risks B. Probability of achieving time and cost estimates D. Which of the following is true based on this statement? This is a risk event that should be accepted because the rewards outweigh the threats to the project B. This risk event is an opportunity to the project and should be exploited C. This risk event should be mitigated to take advantage of the savings D. Your organization is considering hiring a consulting firm to help establish proper project management techniques to assure it to realizes these savings. Is risk event should be mitigated to take advantage of the savings D. This is a risk event that should be shared to take full advantage of the potential savings Question 10 — Your hardware vendor or left you a voicemail saying that a snowstorm in the Midwest might prevent your equipment from arriving on time. She wanted to give you an advanced warning and lost due to return the call. Which of the following statements is true? This is a trigger B.
This is a contingency plan C. This is a residual risk D. This is a secondary risk Question 11 — You are constructing a probability and impact matrix for your project, which of the following statements is true? All the following are true except for which one? Monte Carlo analysis is the preferred method to use to determine the cost risk B. Monte Carlo analysis is a modeling technique that computes project costs one time C. A traditional work breakdown structure can be used as an input variable for the cost analysis D. Monte Carlo usually expresses its results as probability distributions of possible costs Question 13 — Your hardware vendor left you a voicemail saying that a snowstorm in the Midwest will prevent your equipment from arriving on time.
You identified a risk response strategy for this risk and have arranged for a local company to lease you the needed equipment until yours arrives. This is an example of which risk response strategy? Transfer C. Mitigate D. Avoid Question 14 — Risk attitude is an enterprise environmental factor that you should evaluate when performing the plan risk management process.
Risk attitude consist of all the following elements except for which one? Risk appetite C. Risk urgency D. Risk tolerance Question 15 — You work for a large manufacturing plant and you are working on a new project to release a new product line of toothpaste and salt. This is going to be sold into Europe which has different dimensions and cap fittings on their tubes of toothpaste.
A new machine is needed to mix the ingredients into a concentrated formula and package it into these smaller containers than your US product uses. You and your stakeholders are nervous when you discover this will be the first machine your organization has purchased from your new supplier. Which of the following statements is true given the information in this question?
The question describes risk tolerance levels of the stakeholders, which should be considered when performing the plan risk management process B. This question describes the interviewing tool and technique used during the identify risks process C. This question describes risk triggers that are derived using interviewing techniques and recorded in the risk register during the perform qualitative risk analysis process D. This question describes a risk that requires a response strategy from the positive risk category Question 16 — Your project team has identified several potential risks on your current project that could have a significant impact if they occurred.
The team exam and the impact of the risks by keeping all the uncertain elements at their baseline values. What type of diagram will the team use to display this information? Fishbone diagram C. Influence diagram D. Process flowchart Question 17 — Your project team is in the process of identifying project risks on your current project. The team has the option to use all the following tools and techniques to diagram some of these present risks, except for which one? Ishikawa diagram.
We assure the immersive experience to meet your expectations, and this is based on our 4. In this course, attendees will gain the practical tools and techniques necessary to implement the Lean Portfolio Management functions of Strategy and Investment Funding, Agile Portfolio Operations, and Lean Governance. Participants in the course will have the opportunity to capture the current and future state of their portfolio with the Portfolio Canvas tool and identify important business initiatives for achieving the portfolio vision.
Participants will be able to establish portfolio flow with the Portfolio Kanban and prioritize epics for maximum economic benefit. The course also provides insights on how to establish Value Stream Budgets and Lean Budget Guardrails and measure the Lean portfolio performance. We are not just a training company, but a known identity in agile coaching, and consulting in India, Malaysia, Singapore, and rest of the APAC region. Our public mentoring program for Scrum Masters, Product Owners, and Agile coaches is a well-known program among professionals. We are an equally known name for running coach-the-coach programs within corporates adopting an agile way of working.
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Work breakdown structure Project status reports Project Status report can be an input to risk management. Therefore, the project status report is not always an input to risk management. When estimating time for activities, a Project Manager should: Answer: Use the best guess and estimate all activities since there will be changes as the project progresses and more information becomes available Involve people who will be doing the work to get estimates Estimate for what the cost will allow and include buffers None of the above Risk tolerance is determined in order to help: Answer: The team ranks the project risks.
The project manager estimates the project. The team schedules the project. Management knows how other managers will act on the project. If you know the tolerance of the stakeholders, you can predict how they might react to different situations and risk events. This information can help assign levels of risk on each work package activity. You are running a project to engineer and implement a set of business processes and a software solution for customer relationship management. This leads to different expectations on how the project should be handled—as well as to frequent misunderstandings between stakeholders.
Another effect is a growing degree of distrust and skepticism. What should you try first to integrate the diverse stakeholder groups? Answer: Focus on project work. As a project manager, you should not get distracted by big egos. Let the problems grow further until they are obvious for all. Then escalate them. Develop a joint quality policy for the project and seek a commitment by all organizations.
Analyze the probability and impact of the risks linked with the situation and plan how to respond to them. You are finding it difficult to evaluate the exact cost impact of risk. You should evaluate on a n : Answer:.
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