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Q129. What project management plan is most likely to direct the quantitative risk analysis process for a project in a matrix environment?
A. Risk analysis plan
B. Staffing management plan
C. Human resource management plan
D. Risk management plan
Answer: D
Q130. You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital should the project set aside for the risk contingency reserve?
A. $142,000
B. $41,750
C. $23,750
D. $232,000
Answer: C
Q131. Holly is the project manager of the NSS Project for her company. She is discussing some of the project risks and the issues that have happened in the project. Holly has faxed the status report to her project client for their review. Based on the standard communication model, which component in this scenario is the decoder?
A. Project customer
B. Telephone wire
C. Holly
D. Project customer's fax machine
Answer: D
Q132. Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?
A. The events should be entered into qualitative risk analysis.
B. The events should be determined if they need to be accepted or responded to.
C. The events should be entered into the risk register.
D. The events should continue on with quantitative risk analysis.
Answer: C
Q133. There are seven risk responses for any project. Which one of the following is a valid risk response for a negative risk event?
A. Enhance
B. Exploit
C. Acceptance
D. Share
Answer: C
Q134. A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?
A. Exploit
B. Mitigation
C. Transference
D. Avoidance
Answer: C
Q135. 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
Q136. Which of the following diagrams displays sensitivity analysis data?
A. Fishbone
B. Influence
C. Tornado
D. Cause and effect
Answer: C