Question 1

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?

Accepted Answer

Correct answer: D

Question 2

Don is the project manager of the PFO project for his organization. Don is working with the project team members and two subject matter experts to assess the
identified risk events in the project. Which of the following approaches is the best to assess the risk events in the project?

Accepted Answer

Correct answer: D

Question 3

You and your project team are identifying the risks that may exist within your project. Some of the risks are small risks that won't affect your project much if they
happen. What should you do with these identified risk events?

Accepted Answer

Correct answer: C

Question 4

You work as a project manager for BlueWell Inc. You are involved with the project team on the different risk issues in your project. You are using the applications
of IRGC model to facilitate the understanding and managing the rising of the overall risks that have impacts on the economy and society. One of your team
member wants to know that what is the need to use the IRGC. What will be your reply?

Accepted Answer

Correct answer: B

Question 5

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changing risks, and risks that are now outdated.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?

Accepted Answer

Correct answer: C

Question 6

Lisa is the project manager of the FKN project for her organization. She is working with Sam, the CIO, to discuss a discount the vendor has offered the project
based on the amount of materials that is ordered. Lisa and Sam review the offer and agree that while their project may qualify for the discounted materials the
savings is nominal and they would not necessarily pursue the savings. Lisa documents this positive risk response in the risk register. What risk response is this?

Accepted Answer

Correct answer: D

Question 7

Where can a project manager find risk-rating rules?

Accepted Answer

Correct answer: B

Question 8

Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to last 14 months and has a budget at completion of $4,555,000.
Tracy's organization will receive a bonus of $80,000 per day that the project is completed early up to $800,000. Tracy realizes that there are several opportunities
within the project to save on time by crashing the project work. Crashing the project is what type of risk response?

Accepted Answer

Correct answer: D

Question 9

Frank is the project manager of the NHQ project for his company. Frank is working with the project team, key stakeholders, and several subject matter experts on
risks dealing with the new materials in the project. Frank wants to utilize a risk analysis method that will help the team to make decisions in the presence of the
current uncertainty surrounding the new materials. Which risk analysis approach can Frank use to create an approach to make decisions in the presence of
uncertainty?

Accepted Answer

Correct answer: C

Question 10

Jeff, a key stakeholder in your project, wants to know how the risk exposure for the risk events is calculated during quantitative risk analysis. He is worried about
the risk exposure which is too low for the events surrounding his project requirements. How is the risk exposure calculated?

Accepted Answer

Correct answer: B