Harry works as a project manager for BlueWell Inc. He is determining how to conduct the risk management activities for a project. According to the PMBOK, there are six inputs to the plan risk management process. Which one of the following is NOT an input to this process?
A. Project scope statement
B. Risk management plan
C. Schedule management plan
D. Cost management plan
You are the project manager of the NHQ project for your company. Management has told you that you must implement an agreed upon contingency response if the Cost Performance Index in your project is less than 0.90. Consider that your project has a budget at completion of $250,000 and is 60 percent complete. You are scheduled to be however, 75 percent complete, and you have spent $165,000 to date. What is the Cost Performance Index for this project to determine if the contingency response should happen?
A. -$37,500
B. 0.91
C. 0.88
D. 0.80
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
Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology. Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?
A. Project scope statement
B. Risk register
C. Project charter
D. Risk low-level watch list
Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.
A. Estimating the average outcome
B. Model development
C. Decision making or the development of recommendations for decision makers
D. Increased understanding or quantification of the system
You are the project manager for your organization. You are working with your project team to complete the qualitative risk analysis process. The first tool and technique you are using requires that you assess the probability and what other characteristic of each identified risk in the project?
A. Impact
B. Risk owner
C. Cost
D. Risk category
Della works as a project manager for Tech Perfect Inc. She is studying the documentation of planning of a project. The documentation states that there are twenty-eight stakeholders with the project. What will be the number of communication channels for the project?
A. 378
B. 300
C. 28
D. 250
Eric is the project manager of the MTC project for his company. In this project a vendor has offered Eric a sizeable discount on all hardware if his order total for the project is more than $125,000. Right now, Eric is likely to spend $118,000 with vendor. If Eric spends $7,000 his cost savings for the project will be $12,500, but he cannot purchase hardware if he cannot implement the hardware immediately due to organizational policies. Eric consults with Amy and Allen, other project managers in the organization, and asks if she needs any hardware for their projects. Both Amy and Allen need hardware and they agree to purchase the hardware through Eric's relationship with the vendor. What positive risk response has happened in this instance?
A. Sharing
B. Exploiting
C. Transference
D. Enhancing
Which of the following processes looks at the complex web of actors, rules, conventions, processes, and mechanisms concerned with how relevant risk information is collected, analyzed and communicated, and how management decisions are taken?
A. Risk Communication
B. IRGC
C. Risk Response Planning
D. Risk Governance
You are the project manager of the GHG project. You are preparing for the quantitative risk analysis process. You are using organizational process assets to help you complete the quantitative risk analysis process. Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative risk analysis process?
A. You will use organizational process assets for risk databases that may be available from industry sources.
B. You will use organizational process assets for studies of similar projects by risk specialists.
C. You will use organizational process assets to determine costs of all risks events within the current project.
D. You will use organizational process assets for information from prior similar projects.
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