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GIAC GCPM Exam - Topic 6 Question 8 Discussion

You work as a project manager for company Inc. You want to include a budget contingency to accommodate the risk of incurring unidentifiable but normally occurring costs within the defined scope. Which of the following processes will help you to accomplish the task?
A) Cost baselining
B) Cost controlling
C) Cost estimation
D) Cost budgeting

GIAC GCPM Exam - Topic 6 Question 8 Discussion

Actual exam question for GIAC's GCPM exam
Question #: 8
Topic #: 6
[All GCPM Questions]

You work as a project manager for company Inc. You want to include a budget contingency to accommodate the risk of incurring unidentifiable but normally occurring costs within the defined scope. Which of the following processes will help you to accomplish the task?

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Suggested Answer: A

by Janine at May 09, 2022, 11:20 PM

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Marge
9 months ago
Cost baselining is also important, but budgeting is key for contingencies.
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Margo
9 months ago
Wait, can you really budget for unidentifiable costs? Sounds tricky!
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Beckie
10 months ago
Totally agree, cost budgeting covers those unexpected costs.
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Page
10 months ago
I think cost estimation is more relevant here.
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Johnna
10 months ago
Cost budgeting is definitely the way to go for contingencies!
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Raylene
10 months ago
I practiced a similar question, and I think cost budgeting was the focus for including contingencies.
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Bo
10 months ago
Cost controlling seems like it could apply, but I feel like it’s more about managing costs rather than setting aside a contingency.
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Irma
10 months ago
I'm not entirely sure, but I remember something about cost estimation being related to identifying potential costs.
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Glory
10 months ago
I think cost budgeting might be the right answer since it involves allocating funds for unexpected costs.
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Geoffrey
10 months ago
Okay, the data shows that Product-Detail has the highest total time and maximum time, so that seems like the best place to start investigating further.
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Felton
10 months ago
Okay, let me think this through. Blowfish, 3DES, and MD5 are all well-known encryption algorithms, so the answer must be KILL. I'm feeling good about this one.
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Candida
10 months ago
Hmm, I'm not sure about that. Exporting to a spreadsheet and creating separate tabs for each combination of criteria seems like it could get really unwieldy, especially with 50,000 installations. I'm leaning more towards the database and custom app approach in option D.
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Catalina
10 months ago
Okay, I've got this. CRL and OCSP responses need to be signed so their origin can be verified, and then verified to ensure the responses haven't been tampered with. That way, you can trust that the information is coming from a legitimate certificate authority and not a malicious actor. Signing and verification are key.
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