NEW QUESTION 1
Frances is the project manager of a project in her organization. This project has a budget of $567,000 and is schedule to last for three years. Frances wants to examine the risk events to determine which risk events have the most potential impact on the project. Which modeling technique can help Frances to accomplish this goal?

• A. Expected monetary value
• B. Sensitivity analysis
• C. Quantitative risk analysis
• D. Modeling and simulation

Answer: B

NEW QUESTION 2
Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the technology that the risk is affecting and proposes to Nancy a solution to the risk event. Nancy tells Bob that she has noted his response, but the risk really needs to pass through the quantitative risk analysis process before creating responses. Bob disagrees and ensures Nancy that his response is most appropriate for the identified risk. Who is correct in this scenario?

• A. Bob is correc
• B. Bob is familiar with the technology and the risk event so his responseshould be implemented.
• C. Bob is correc
• D. Not all risk events have to pass the quantitative risk analysis process to develop effective risk responses.
• E. Nancy is correc
• F. All risks of significant probability and impact should pass the quantitative risk analysis process before risk responses are created.
• G. Nancy is correc
• H. Because Nancy is the project manager she can determine the correct procedures for risk analysis and risk response
• I. In addition, she has noted the risk response that Bob recommends.

Answer: B

NEW QUESTION 3
Donna is the project manager of the QSD Project and she believes Risk Event D in the following figure is likely to happen.
If this event does happen, how much will Donna have left in the risk contingency reserve if none of the other risk events have happened?

• A. $35,000
• B. $41,700
• C. $14,000
• D. $6,700

Answer: D

NEW QUESTION 4
Joyce is the project manager for her company. Joyce and her project team are working through the quantitative analysis for certain risk events within her project. According to the enterprise environmental factors the project manager is to perform sensitivity analysis on any risk with an impact greater than $5,000 in the project. What is the sensitivity analysis?

• A. It determines which risk events have the most potential impact on the project.
• B. It uses round of anonymous surveys to predict which events are most likely to happen.
• C. It uses rounds of anonymous surveys to predict probability and impact.
• D. It determines possible combinations of risk events to predict overall project success, failure, or probability of achieving project objectives.

Answer: A

NEW QUESTION 5
You are the project manager of the NHH project for your company. You have completed the first round of risk management planning and have created four outputs of the risk response planning process. Which one of the following is NOT an output of the risk response planning?

• A. Risk register updates
• B. Organizational process assets updates
• C. Project document updates
• D. Risk-related contract decisions

Answer: B

NEW QUESTION 6
Ned is the project manager of the HNN project for your company. Ned has asked you to help him complete some probability distributions for his project. What portion of the project will you most likely use for probability distributions?

• A. Bias towards risk in new resources
• B. Risk probability and impact matrixes
• C. Risk identification
• D. Uncertainty in values such as duration of schedule activities

Answer: D

NEW QUESTION 7
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

NEW QUESTION 8
Fred is the project manager of the CPS project. He is working with his project team to prioritize the identified risks within the CPS project. He and the team are prioritizing risks for further analysis or action by assessing and combining the risks probability of occurrence and impact. What process is Fred completing?

• A. Risk identification
• B. Perform qualitative analysis
• C. Perform quantitative analysis
• D. Risk Breakdown Structure creation

Answer: B

NEW QUESTION 9
You are the project manager of the NJJ project. Your enterprise environmental factors require that you establish certain risk management rules regarding low risks within your project. What is the best policy for risks with low probability and low impact in the project management?

• A. These risks should be accepted.
• B. These risks should be placed on a watchlist for future monitoring.
• C. These risks should be identified, but dismissed.
• D. These risks should be placed in the risk register.

Answer: B

NEW QUESTION 10
Consider a project with a budget at completion of $1,345,000 and it is supposed to be completed by today, but it is only 80 percent complete. This project has spent $1,250,000 to reach this point of completion. What is the schedule variance for this project?

• A. -$217,500
• B. 20 percent
• C. -$174,000
• D. -$269,000

Answer: D

NEW QUESTION 11
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

NEW QUESTION 12
You work as a project manager for BlueWell Inc. You are preparing for the risk identification process. You will need to involve several of the project's key stakeholders to help you identify and communicate the identified risk events. You will also need several documents to help you and the stakeholders identify the risk events. Which one of the following is NOT a document that will help you identify and communicate risks within the
project?

• A. Risk register
• B. Activity cost estimates
• C. Stakeholder register
• D. Activity duration estimates

Answer: A

NEW QUESTION 13
You are the project manager of a large construction project. Part of the project involves the wiring of the electricity in the building your project is creating. You and the project team determine the electrical work is too dangerous to perform yourself so you hire an electrician to perform the work for the project. This is an example of what type of risk response?

• A. Acceptance
• B. Mitigation
• C. Transference
• D. Avoidance

Answer: C

NEW QUESTION 14
You are the project manager of the GHQ project for your company. You are working with your project team to prepare for the qualitative risk analysis process. Mary, a project team member, does not understand why you need to complete qualitative risks analysis. You explain to Mary that qualitative risks analysis helps you determine which risks needs additional analysis. There are also some other benefits that qualitative risks analysis can do for the project. Which one of the following is NOT an accomplishment of the qualitative risk analysis process?

• A. Corresponding impact on project objectives
• B. Time frame for a risk response
• C. Prioritization of identified risk events based on probability and impact
• D. Cost of the risk impact if the risk event occurs

Answer: D

NEW QUESTION 15
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

NEW QUESTION 16
You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to use the new materials can also be known as what term?

• A. Team development
• B. Benchmarking
• C. Cost of conformance to quality
• D. Cost-benefits analysis

Answer: C

NEW QUESTION 17
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

NEW QUESTION 18
There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?

• A. Risk register
• B. Risk management plan
• C. Cost management plan
• D. Enterprise environmental factors

Answer: D

NEW QUESTION 19
Which of the following are parts of SWOT Analysis? Each correct answer represents a complete solution. Choose all that apply.

• A. Opportunities
• B. Tools
• C. Weaknesses
• D. Threats
• E. Strengths
• F. Optimism

Answer: ACDE

NEW QUESTION 20
You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated. Which project management process is responsible for these actions?

• A. Risk planning
• B. Risk identification
• C. Risk monitoring and controlling
• D. Risk analysis

Answer: C

NEW QUESTION 21
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