You are the project manager of the NNH project. In this project you have created a contingency response that the cost performance index should be less than 0.93. The NHH project has a budget at completion of $945,000 and is 45 percent complete - though the project should be 49 percent complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is the project's cost performance index?
A. 1.06
B. 0.92
C. -$30,647
D. 0.93
You work as a project manager for BlueWell Inc. You are performing the quantitative risk analysis for your project. One of the project risks has a 50 percent probability of happening, and it will cost the project $55,000 if the risk happens. What will be the expected monetary value of this risk event?
A. Negative $27,500
B. Zero - the risk event has not yet occurred
C. Negative $26,000
D. Negative $55,000
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.
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
You are the project manager of the GHY project for your organization. You are working with your project team to begin identifying risks for the project. As part of your preparation for identifying the risks within the project you will need eleven inputs for the process. Which one of the following is NOT an input to the risk identification process?
A. Quality management plan
B. Cost management plan
C. Stakeholder register
D. Procurement management plan
As a part of monitoring and controlling the project, the project manager should update the risk register. The project manager should update the risk register with information on risk reassessment, risk audits, and periodic risk reviews. What other information should the project manager update the risk register with?
A. Actual costs and schedule delays of risk events.
B. Actual outcomes of risk management duties by the project team.
C. Actual cost of risk events.
D. Actual outcomes of the project's risks and of the risk responses.
Where can a project manager find risk-rating rules?
A. Risk management plan
B. Organizational process assets
C. Enterprise environmental factors
D. Risk probability and impact matrix
You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks. Which one of the following statements best describes the requirements for the data type used in qualitative risk analysis?
A. A qualitative risk analysis requires fast and simple data to complete the analysis.
B. A qualitative risk analysis requires accurate and unbiased data if it is to be credible.
C. A qualitative risk analysis encourages biased data to reveal risk tolerances.
D. A qualitative risk analysis required unbiased stakeholders with biased risk tolerances.
You work as a project manager for BlueWell Inc. You have declined a proposed change request because of the risk associated with the proposed change request. Where should the declined change request be documented and stored?
A. Change request log
B. Lessons learned
C. Project archives
D. Project document updates
You are the project manager for your company and a new change request has been approved for your project. This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project. You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?
A. Risk register
B. Risk log
C. Risk management plan
D. Project management plan
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