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QUESTION NO: 1
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
QUESTION NO: 2
Virginia is the project manager for her organization. She has hired a subject matter expert to interview the project stakeholders on certain identified risks within the project. The subject matter expert will assess the risk event with what specific goal in mind?
A. To determine the level of probability and impact for each risk event
B. To determine the bias of the risk event based on each person interviewed
C. To determine the probability and cost of the risk event
D. To determine the validity of each risk event
Answer: A
QUESTION NO: 3
Adrian is the project manager of the NHP Project. In her project there are several work packages that deal with electrical wiring. Rather than to manage the risk internally she has decided to hire a vendor to complete all work packages that deal with the electrical wiring. By removing the risk internally to a licensed electrician Adrian feels more comfortable with project team being safe. What type of risk response has Adrian used in this example?
A. Avoidance
B. Mitigation
C. Acceptance
D. Transference
Answer: D
QUESTION NO: 4
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
QUESTION NO: 5
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
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Updated: May 27, 2022