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QUESTION NO: 1
Mark is the project manager of the BFL project for his organization. He and the project team are creating a probability and impact matrix using RAG rating. There is some confusion and disagreement among the project team as to how a certain risk is important and priority for attention should be managed. Where can Mark determine the priority of a risk given its probability and impact?
A. Risk management plan
B. Project sponsor
C. Risk response plan
D. Look-up table
Answer: D
QUESTION NO: 2
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
QUESTION NO: 3
You work as a project manager for BlueWell Inc. Management has asked you to work with the key project stakeholder to analyze the risk events you have identified in the project. They would like you to analyze the project risks with a goal of improving the project's performance as a whole. What approach can you use to achieve the goal of improving the project's performance through risk analysis with your project stakeholders?
A. Focus on the high-priority risks through qualitative risk analysis
B. Involve the stakeholders for risk identification only in the phases where the project directly affects them
C. Involve subject matter experts in the risk analysis activities
D. Use qualitative risk analysis to quickly assess the probability and impact of risk events
Answer: A
QUESTION NO: 4
Rachel is the project manager of the KJH Project for her company. She needs a method to create a quick and simple approach to risk identification to communicate the project risk with the stakeholders. Which one of the following approaches to risk identification should Rachel choose to provide a quick and simple listing of the project risks?
A. Delphi Technique
B. Checklist analysis
C. Assumptions analysis
D. Brainstorming
Answer: B
QUESTION NO: 5
You are the project manager of the NNN project for your company. You and the project team are working together to plan the risk responses for the project. You feel that the team has successfully completed the risk response planning and now you must initiate what risk process it is.
Which of the following risk processes is repeated after the plan risk responses to determine if the overall project risk has been satisfactorily decreased?
A. Qualitative risk analysis
B. Quantitative risk analysis
C. Risk identification
D. Risk response implementation
Answer: B
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Updated: May 27, 2022