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Q33. You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your project with your team. How many risk response types are available for a negative risk event in the project?
A. Four
B. One C. Three
D. Seven
Answer: A
Q34. You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?
A. Pareto modeling
B. Expected Monetary Value
C. Analogous modeling
D. Monte Carlo Technique
Answer: D
Q35. You are the project manager of the BlueStar project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the qualitative risk analysis process. What will you need as inputs for the qualitative risk analysis of the project in this scenario?
A. Qualitative risk analysis does not happen through the project manager in a functional structure.
B. You will need the risk register, risk management plan, project scope statement, and any relevant organizational process assets.
C. You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
D. You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.
Answer: B
Q36. Kelly is the project manager of the BHH project for her organization. She is completing the risk identification process for this portion of her project. Which one of the following is the only thing that the risk identification process will create for Kelly?
A. Risk register
B. Risk register updates
C. Change requests
D. Project document updates
Answer: A
Q37. You are the project manager for the TTR project. You are in the process of gathering information for risk identification. You ask experts to participate in the process through their emails for maintaining anonymity. You collect the responses, summarize them, and are then re-circulated to the experts for further comment. Which of the following techniques are you using for risk identification?
A. Delphi
B. Expert judgment
C. SWOT analysis
D. Brainstorming
Answer: A
Q38. 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
Q39. You are the project manager of the HJK Project for your organization. You and the project team have created risk responses for many of the risk events in the project. Where should you document the proposed responses and the current status of all identified risks?
A. Stakeholder management strategy
B. Risk management plan
C. Risk register
D. Lessons learned documentation
Answer: C
Q40. The Identify Risk process determines the risks that affect the project and document their characteristics. Why should the project team members be involved in the Identify Risk process?
A. They are the individuals that will need a sense of ownership and responsibility for the risk events.
B. They are the individuals that will have the best responses for identified risks events within the project.
C. They are the individuals that are most affected by the risk events.
D. They are the individuals that will most likely cause and respond to the risk events.
Answer: A