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Total 378 questions
Which of the following characteristics would a risk-adverse person or group demonstrate?
Answer : C
A project manager has a two-month project with three project team members. The project sponsor does not agree with the project manager that a risk planning process is necessary, since the project is very small.
Would it be appropriate for the project manager to implement some level of risk management?
Answer : A
Which of the following would a proactive risk manager do during the Monitoring and Controlling Process?
Answer : C
A stakeholder is asked to approve additional funding to implement a risk response plan. However, the stakeholder is unsure of the amount that could be approved without escalation.
Where should the stakeholder look to determine the amount that can be approved?
Answer : B
A cost analyst team member asks the project manager for the latest risk data for inclusion with the cost estimates for the project. Which tool should the cost analyst team member use to identify the probability of achieving specific cost targets?
Answer : A
The project manager is implementing a computer interface to facilitate communications between two ticketing systems for two major companies in the IT industry.
During the Plan Risk Response process, the project team agrees on the contingency plan that should mitigate the negative impact of the risk. However, during the project execution, one of the subject matter experts identifies a residual risk that was not taken into consideration during the risk response planning session, but could potentially affect the project schedule baseline.
What should the risk manager do to handle this residual risk?
Answer : B
The risk management process can be defined as which of the following?
Answer : C
A risk manager creates a survey for project stakeholders to obtain their opinions on high levels of risk. Key questions in the survey address acceptable levels of cost increases and schedule delays.
What is the risk manager trying to determine?
Answer : C
Which of the following will ultimately determine risk thresholds?
Answer : B
Which of the following represents levels of risk attitude?
Answer : B
Which of the following should multicultural groups be aware of on a project relative to risk?
Answer : C
Project stakeholders identify, analyze, and plan the risk responses for a project. However, the contingency reserves are depleted before the project is completed.
What recommendation could be implemented to prevent this from recurring?
Answer : B
During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customer's electrical infrastructure. This event was not originally identified as a risk. To maintain the project schedule, the project manager decides to purchase a new power adapter.
What type of response best describes this course of action?
Answer : D
After a risk review meeting, three key risks are identified as likely to be realized. The project manager requests a risk scenario be calculated to establish the impact on the budget.
What is the forecasting methodology that should be utilized to calculate the impact?
Answer : D