question archive 1) The orange juice manufacturers know that orange juice is most often consumed in the mornings

1) The orange juice manufacturers know that orange juice is most often consumed in the mornings

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1) The orange juice manufacturers know that orange juice is most often consumed in the mornings. However, they would like to change this and make the drink acceptable during other time periods during the day. Which form of segmentation would they need to work with and establish strategy reflective of their desires?

2) What is the component of the Resource Management Plan that describes when and how the project human resource requirements will be acquired?

3) You are the project manager of ABC project. Mid-way through the project a key component was found defective. This was not planned for. The team met after the event and managed to make the product work without the defective component. This is an example of -

4) You are the Project Manager of ABC project. The project is being executed in an earthquake-prone area. To take care of this you buy insurance for earthquakes. This is an example of?

5) You are the Project Manager for ABC project. You need to find out which issue has maximum impact on the project. Which tool should you use?

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Answer:

  1. Occasion segmentation
  2. Team Management Plan, 
  3. Work-around 
  4. Transfer risk
  5. Pareto diagram 

Explanation:

  1. Occasion segmentation due to the  various factors. 
  2. Team Management Plan, according to the project specifics 
  3. Work-around since it was an unplanned event 
  4. Transfer risk since one transfer the risk to the other party 
  5. Pareto diagram which is build on the 80:20 theory