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  • Exam Code: GR7
  • Exam Name: International Remuneration - An Overview of Global Rewards
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NEW QUESTION: 1
Which of the following fields of management focuses on establishing and maintaining consistency of a system's or product's performance and its functional and physical attributes with its requirements, design, and operational information throughout its life?
A. Change management
B. Configuration management
C. Procurement management
D. Risk management
Answer: B
Explanation:
Configuration management is a field of management that focuses on establishing and maintaining consistency of a system's or product's performance and its functional and physical attributes with its requirements, design, and operational information throughout its life. Configuration Management System is a subsystem of the overall project management system. It is a collection of formal documented procedures used to identify and document the functional and physical characteristics of a product, result, service, or component of the project. It also controls any changes to such characteristics, and records and reports each change and its implementation status. It includes the documentation, tracking systems, and defined approval levels necessary for authorizing and controlling changes. Audits are performed as part of configuration management to determine if the requirements have been met. Answer D is incorrect. The procurement management plan defines more than just the procurement of team members, if needed. It defines how procurements will be planned and executed, and how the organization and the vendor will fulfill the terms of the contract. Answer B is incorrect. Risk Management is used to identify, assess, and control risks. It includes analyzing the value of assets to the business, identifying threats to those assets, and evaluating how vulnerable each asset is to those threats. Answer C is incorrect. Change Management is used to ensure that standardized methods and procedures are used for efficient handling of all changes.

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