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Question No : 1
A. Mitigation-ready project management
B. Risk utility function
C. Risk avoidance
D. Risk-reward mentality
Question No : 2
A. Harry is correct, because the risk probability and impact considers all objectives of the project.
B. Harry iscorrect, the risk probability and impact matrix is the only approach to risk assessment.
C. Sammy is correct, because organizations can create risk scores for each objective of the project.
D. Sammy is correct, because she is the project manager.
Question No : 3
A. Risk Response Plan
B. Risk Management Plan
C. Communications Management Plan
D. Project Management Plan
Question No : 4
Question No : 5
Question No : 6
A. Late completion stages of a project
B. Project phases that deal with "cutover" technologies
C. Early concept stage of design
D. Project initiating
Question No : 7
A. Influence diagrams
B. Assumptions analysis
D. Delphi technique
Question No : 8
A. Roles and responsibility matrix
B. Work breakdown structure
C. Resource breakdown structure
D. RACI chart
Question No : 9
A. The risk exposure of a risk event is determined by historical information.
B. The probability of a risk event times the impact of a risk event determines the true risk
C. The probability of a risk event plus the impact of a risk event determines the true risk exposure.
D. The probability and impact of a risk event are gauged based on research and in-depth analysis.
Question No : 10
A. The risk exposure of the event is $245,000.
B. The risk exposure of the event is $500,000.
C. The risk exposure of the event is $350,000.
D. The risk exposure of the event is $850,000.
Question No : 11
A. Monitor and control project risks
B. Create a risk governance approach
C. Create the project risk register
D. Plan risk responses
Question No : 12
A. It helps to evaluate if the remaining reserve is adequate for the risk exposure.
B. It helps to determine how much more funds will need to be invested in the project.
C. It helps to evaluate secondary and residual risks related to the risk responses and their costs.
D. It helps to determine the probability and impact of project risks.
Question No : 13
A. New or omitted work as part of a risk response can cause changes to the cost and/or schedule baseline.
B. Risk responses protect the time and investment of the project.
C. Risk responses may take time and money to implement.
D. Baselines should not be updated, but refined through versions.
Question No : 14
A. The level of detail is set by historical information.
B. The level of detail should correspond with the priority ranking.
C. The level of detail must define exactly the risk response for each identified risk.
D. The level of detail is set of project risk governance.
Question No : 15
A. This is mitigation because the response reduces the probability.
B. This is not a risk response, but a change request.
C. This is transference because of the $260,000 cost of the solution.
D. This is avoidance because the risk response caused the project plan to be changed.