PPM-001 Exam Dumps : Professional in Project Management (PPM)

A quantitative risk assessment involves numerically estimating the probability of an event occurring and the potential impact it would have. This approach allows for a measurable and objective analysis of risks, which can then be compared and prioritized based on their quantified potential impact on project objectives.

References: The information is aligned with the principles of project risk management as outlined in the PMBOK® Guide and the Professional in Project Management (PPM) certification materials, which emphasize the importance of measuring the impact of risks to manage them effectively12.

 Rewarding team members for their work is a recognized practice in project management. It is a form of positive reinforcement that can motivate team members, enhance their performance, and contribute to the project’s success. Rewards can be financial, such as bonuses or salary increases, or non-financial, such as public recognition, awards, or career development opportunities. Tailoring rewards to individual team members’ career aspirations and achievements can lead to increased job satisfaction and performance. References: = PMI’s article on Positive Reinforcement1, GAQM’s Professional in Project Management (PPM) certification overview2, and other industry practices on recognizing and rewarding project teams34.

 The levels of delegation typically include ‘Tell’, ‘Sell’, ‘Consult’, ‘Agree’, ‘Advise’, ‘Inquire’, and ‘Delegate’. These levels describe the degree of authority and autonomy given in the delegation process, ranging from direct instruction to full delegation. ‘Order’ is not commonly listed as a level of delegation in project management literature or frameworks. References: = The concept of levels of delegation is discussed in various project management and leadership materials, which outline different frameworks for delegation, such as the 7 Levels of Delegation by Jurgen Appelo1.