Practice Test

True or False: Maintaining a visible, monitored, and prioritized list of threats and issues can improve accountability in a project.

• True
• False

Answer: True

Explanation: Having a visible list allows everyone involved to see the potential obstacles, who is responsible for dealing with them, and what measures are being taken to resolve them which in turn enhances accountability.

What purpose does maintaining a regularly monitored list of threats and issues serve in project management?

• A. Trivializing issues
• B. Adding unnecessary workload
• C. Facilitating early detection and resolution
• D. Decreasing team transparency

Answer: C. Facilitating early detection and resolution

Explanation: Regular monitoring of potential threats and issues allows for early detection and resolution which can minimise the impact on the project.

True or False: A prioritized list of threats and issues can reduce the need for action.

• True
• False

Answer: False

Explanation: Prioritizing threats and issues guides the team on which issues need immediate attention and action, hence it encourages action rather than reduces it.

Which strategy can help track the ownership and resolution status of threats and issues?

• A. Making lists private
• B. Ignoring minor threats
• C. Clear documentation of responsibilities and progress
• D. Leaving resolution status updates to annual reviews

Answer: C. Clear documentation of responsibilities and progress

Explanation: By properly documenting the ownership of tasks and their resolution status, it is easier to keep track of the progress and ensure targeted action is taken.

True or False: The maintenance of a visible, monitored, and prioritized list of threats and issues may hinder the progress of project.

• True
• False

Answer: False

Explanation: This approach promotes early problem identification, proper allocation of responsibility, encourages action and helps in tracking the resolution status which in turn aids project’s progress.

Which aspect of project management gets enforced when a visible, monitored, and prioritized list of threats and issues is maintained?

• A. Procrastination
• B. Team transparency
• C. Information withholding
• D. Unassigned responsibilities

Answer: B. Team transparency

Explanation: When all potential problems are visibly listed and regularly updated, team members can easily access and understand the issues at hand, promoting transparency.

True or False: In agile project management, issue tracking and resolution is not significant.

• True
• False

Answer: False

Explanation: In agile management, tracking and resolution of issues is paramount to ensure smooth process flow and mitigate potential risks.

What are some benefits of maintaining a visible, monitored, and prioritized list of threats and issues in project management? (Multiple Select)

• A. Increased accountability
• B. Hindered action
• C. Improved resolution status tracking
• D. Promoted information hoarding

Answer: A. Increased accountability, C. Improved resolution status tracking

Explanation: The list promotes accountability as everyone can see who is responsible for what. The resolution status of issues is also easier to keep track of, thus encouraging action and resolution.

True or False: Creating a visible and prioritized list of threats is only beneficial at the beginning of a project.

• True
• False

Answer: False

Explanation: This list is continually updated and monitored throughout the project’s lifespan, allowing for real-time risk management and problem-solving.

The prioritization of threats and issues helps in determining:

• A. The order of tea breaks
• B. Anything unrelated to project
• C. The order in which threats should be addressed
• D. The least important tasks in a project

Answer: C. The order in which threats should be addressed

Explanation: By prioritizing threats and issues, the project team can determine which issues need immediate attention and which can be addressed later. This helps in proper time and resource allocation.

Interview Questions

What is the importance of maintaining a visible list of threats and issues in PMI Agile project management?

A visible list of threats and issues helps in keeping everyone on the team aware of the current challenges. It fosters transparency and promotes collaboration in finding efficient solutions.

How does monitoring threats and issues contribute to accountability in PMI Agile project management?

Monitoring threats and issues enables the project team to identify responsible team members for each risk or issue. It also keeps track of their response and action towards these threats and issues thus increasing the accountability.

What is meant by the prioritization of threats and issues?

Prioritization of threats and issues refers to the process of ranking these challenges in order of their severity, impact on the project, or their likelihood of occurrence. This helps teams to focus on resolving the highest priority problems first.

What role does tracking ownership and resolution status play in Agile practice?

Tracking ownership and resolution status allows the team to know who is responsible for addressing a specific issue and the present status of the issue. This ensures that issues and threats are timely addressed and not overlooked.

How does maintaining a visible list of threats encourage action in Agile project management?

When threats and issues are made visible to everyone on the team, it creates a sense of urgency and motivates team members to take swift action in resolving the issue.

What is the role of monitoring in identifying threats and issues?

Monitoring helps in early detection of potential threats and issues, allowing the team to take proactive measures before they turn into bigger problems.

How does prioritization of threats and issues enhance efficiency in Agile practice?

Prioritizing threats and issues allows the team to focus on and resolve the most critical ones first. This optimizes the use of resources and time, leading to increased efficiency.

How is accountability elevated by tracking ownership and resolution status?

By being able to track who owns each issue and their current status, all team members are kept informed and responsibility is clear. This promotes a higher level of accountability as actions (or non-actions) are transparent.

What tools can be used to maintain, monitor, and prioritize the list of threats and issues in Agile practice?

Tools such as Risk Management software, Project Management tools like JIRA, Trello, or other Agile-friendly software could be used to maintain, monitor, and prioritize the list of threats and issues.

Why is it important to maintain a regularly updated list of threats and issues in Agile project management?

A regularly updated list ensures that the team is dealing with the most current information. It helps in managing threats and issues in a timely manner, avoiding any last-minute surprises or problems.

How does a visible, monitored, and prioritized list of threats and issues impact the decision-making process in Agile project management?

It helps in informed decision making. Leaders can make better decisions knowing the most critical issues at hand, the responsible person for resolution, and the present status of each issue.

In Agile practice, who should be responsible for updating the status of threats and issues?

The team member who owns the issue or threat should be responsible for updating its status, this openness and transparency further lead to shared responsibility and collective decision making.

How does tracking threats and issues benefit risk management in Agile practice?

Tracking threats and issues allows the team to identify any patterns, anticipate future risks, and develop strategies to mitigate them. It supports the continuous improvement process inherent in Agile practice.

What are some methods of prioritizing threats and issues in Agile practice?

Some methods of prioritizing threats and issues include risk probability and impact assessment, the MoSCoW method (Must have, Should have, Could have, Won’t have), and cost-based analysis.

Can the list of threats and issues be shared with stakeholders in Agile project management?

Yes, sharing the list with stakeholders can provide them an insight into the project’s challenges and progress. This transparency builds trust and helps stakeholders understand decision-making within the project.

Leave a Reply

Your email address will not be published. Required fields are marked *