NEW QUESTION 1
Which risk response is acceptable for both positive and negative risk events?

• A. Transferring
• B. Acceptance
• C. Sharing
• D. Enhancing

Answer: B

NEW QUESTION 2
During which of the following processes, probability and impact matrix is prepared?

• A. Perform Qualitative Risk Analysis
• B. Monitoring and Control Risks
• C. Plan Risk Responses
• D. Perform Quantitative Risk Analysis

Answer: A

NEW QUESTION 3
Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks, and provides a quantitative assessment of the likely cost to complete the scheduled activities?

• A. Activity cost estimates
• B. Cost management plan
• C. Activity duration estimates
• D. Risk management plan

Answer: A

NEW QUESTION 4
You and your project team are just starting the risk identification activities for a project that is scheduled to last for 18 months. Your project team has already identified a long list of risks that need to be analyzed. How often should you and the project team do risk identification?

• A. It depends on how many risks are initially identified.
• B. At least once per month
• C. Identify risks is an iterative process.
• D. Several times until the project moves into execution

Answer: C

NEW QUESTION 5
John works as a project manager for ABD project. He and his team, are working on the following activities:
Relative ranking or priority list of project risks Watchlists of low priority risk
Trends in Qualitative Risk Analysis results
On which of the following processes is John working on?

• A. Perform Qualitative Risk Analysis
• B. Plan Risk Management
• C. Plan Risk Responses
• D. Perform Quantitative Risk Analysis

Answer: A

NEW QUESTION 6
Fred is the project manager of the PKL project. He is working with his project team to complete the quantitative risk analysis process as a part of risk management planning. Fred understands that once the quantitative risk analysis process is complete, the process will need to be completed again in at least two other times in the project. When will the quantitative risk analysis process need to be repeated?

• A. Quantitative risk analysis process will be completed again after the cost management planning and as a part of monitoring and controlling.
• B. Quantitative risk analysis process will be completed again after new risks are identified and as part of monitoring and controlling.
• C. Quantitative risk analysis process will be completed again after the risk response planning and as a part of monitoring and controlling.
• D. Quantitative risk analysis process will be completed again after the plan risk response planning and as part of procurement.

Answer: C

NEW QUESTION 7
Jane is the project manager of the GBB project for her company. In the current project a vendor has offered the project a ten percent discount based if they will order 100 units for the project. It is possible that the GBB Project may need the 100 units, but the cost of the units is not a top priority for the project. Jane documents the offer and tells the vendor that they will keep the offer in mind and continue with the project as planned. What risk response has been given in this project?

• A. Acceptance
• B. Enhance
• C. Exploiting
• D. Sharing

Answer: A

NEW QUESTION 8
Wendy is about to perform qualitative risk analysis on the identified risks within her project. Which one of the following will NOT help Wendy to perform this project management activity?

• A. Project scope statement
• B. Risk management plan
• C. Risk register
• D. Stakeholder register

Answer: D

NEW QUESTION 9
You work as a project manager for BlueWell Inc. You would like to utilize sensitivity analysis in your project, but the management does not understand how this will be displayed. What type of chart is usually used with sensitivity analysis to show the relative affect of risks on the project?

• A. Ishikawa chart
• B. Force field analysis chart
• C. GERT Chart
• D. Tornado diagram

Answer: D

NEW QUESTION 10
You are the project manager for Genpact Inc. You have established quarterly risk management meetings. Which of the following is not a component of a risk management meeting?

• A. Assessing the overall status of risks in the project
• B. Review of risk responses
• C. Assessment or risk
• D. The availability of the individual

Answer: D

NEW QUESTION 11
Which of the following components ensures that risks are examined for all new proposed change requests in the change control system?

• A. Risk monitoring and control
• B. Scope change control
• C. Integrated change control
• D. Configuration management

Answer: C

NEW QUESTION 12
Your project spans the entire organization. You would like to assess the risk of the project but are worried that some of the managers involved in the project could affect the outcome of any risk identification meeting. Your worry is based on the fact that some employees would not want to publicly identify risk events that could make their supervisors look bad. You would like a method that would allow participants to anonymously identify risk events. What risk identification method could you use?

• A. Delphi technique
• B. Isolated pilot groups
• C. SWOT analysis
• D. Root cause analysis

Answer: A

NEW QUESTION 13
Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States. Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window units in time for the project's deadline. Management asked Harry to find a supplier who can fulfill the completion of the windows by the needed date in the schedule. What risk response has management asked Harry to implement?

• A. Mitigation
• B. Acceptance
• C. Avoidance
• D. Transference

Answer: A

NEW QUESTION 14
You are the project manager of the GHY project. In your organization you must follow certain enterprise environmental factors that establish the rules for risk management . One of the policies your project must adhere to requires periodic rapid analysis of risks within the project. These rapid, cost-effective session must be documented and performed monthly. What type of analysis are you required to perform according to your enterprise environmental factors?

• A. Brainstorming
• B. Qualitative analysis
• C. Delphi Technique
• D. Quantitative analysis

Answer: B

NEW QUESTION 15
Frances is the project manager of a project in her organization. This project has a budget of $567,000 and is schedule to last for three years. Frances wants to examine the risk events to determine which risk events have the most potential impact on the project. Which modeling technique can help Frances to accomplish this goal?

• A. Expected monetary value
• B. Sensitivity analysis
• C. Quantitative risk analysis
• D. Modeling and simulation

Answer: B

NEW QUESTION 16
When does the Identify Risks process take place in a project?

• A. At the Planning stage.
• B. Throughout the project life-cycle.
• C. At the Initiating stage.
• D. At the Executing stage.

Answer: B

NEW QUESTION 17
Risks with low ratings of probability and impact are included on a for future monitoring.

• A. Risk alarm
• B. Watchlist
• C. Observation list
• D. Risk register

Answer: B

NEW QUESTION 18
You are the project manager of a new project in your organization. You and the project team have identified the project risks, completed risk analysis, and are planning the most appropriate risk responses. Which of the following tools is most effective to choose the most appropriate risk response?

• A. Cause-and-effect diagrams
• B. Project network diagrams
• C. Delphi Technique
• D. Decision tree analysis

Answer: D

NEW QUESTION 19
Beth is a project team member on the JHG Project. Beth has added extra features to the project and this has introduced new risks to the project work. The project manager of the JHG project elects to remove the features Beth has added. The process of removing the extra features to remove the risks is called what?

• A. Preventive action
• B. Corrective action
• C. Scope creep
• D. Defect repair

Answer: A

NEW QUESTION 20
You are the project manager of the NGH project for your organization. You want to create a causeand- effect diagram to help discover the root causes of the risks within the project. Harold, the CIO, recommends that you create an Ishikawa diagram instead. What is an Ishikawa diagram?

• A. It is a graphical representation of situations showing causal influences.
• B. It is the same thing as a root cause diagram.
• C. It shows how various elements of a system interrelate.
• D. It diagrams the risks according to the work breakdown structure including resources.

Answer: B

NEW QUESTION 21
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