Ben is the project manager of the YHT Project for his company. Alice, one of his team members, is confused about when project risks will happen in the project. Which one of the following statements is the most accurate about when project risk happens?
A. Project risk can happen at any moment.
B. Project risk happens throughout the project execution.
C. Project risk is always in the future.
D. Project risk is uncertain, so no one can predict when the event will happen.
You are the project manager of the NHQ Project for your company. You are discussing some of the project issues that need to be resolved in the project. You and the project stakeholders come to an agreement about the risk issues and how they will be resolved. Where should you document this information for issue resolution?
A. Project management plan for execution
B. Lessons learned documentation
C. Issue log
D. Risk response plan
There are seven risk responses, a project manager can use to address risk events. Which one of the following is a risk response that is appropriate for positive or negative risk events depending on the scenario in the project?
A. Avoidance
B. Acceptance
C. Sharing
D. Transference
You are the project manager of the GHY project. In your organization you must follow certain enterprise environmental factors that establish the rules for risk management . One of the policies your project must adhere to requires periodic rapid analysis of risks within the project. These rapid, cost-effective session must be documented and performed monthly. What type of analysis are you required to perform according to your enterprise environmental factors?
A. Brainstorming
B. Qualitative analysis
C. Delphi Technique
D. Quantitative analysis
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
You are the project manager of the GHG project for your company. You have identified the project risks, completed qualitative and quantitative analysis, and created risk responses. You also need to document how and when risk audits will be performed in the project. Where will you define the frequency of risk audits?
A. Risk response plan
B. Quality management plan
C. Risk management plan
D. Schedule management plan
A project manager must have certain interpersonal skills to communicate with stakeholders and manage their expectations of the project work. Which of the following interpersonal skills has been identified as one of the biggest reasons for project success or failure?
A. Motivation
B. Communication
C. Influencing
D. Political and cultural awareness
Which types of project tends to have more well-understood risks?
A. Operational work projects
B. First-of-its kind technology projects
C. Recurrent projects
D. State-of-art technology projects
You work as the project manager for Bluewell Inc. You are working on NGQQ Projectyou're your company. You have completed the risk analysis processes for the risk events. You and the project team have created risk responses for most of the identified project risks. Which of the following risk response planning techniques will you use to shift the impact of a threat to a third party, together with the responses?
A. Risk acceptance
B. Risk avoidance
C. Risk transference
D. Risk mitigation
You are the project manager of a large construction project. You are evaluating the strengths, weaknesses, opportunities, and threats involved in a project. In which of the following processes are you on?
A. Define Scope
B. Plan Risk Responses
C. Plan Risk Management
D. Identify Risks
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