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Q81. You are working as a project manager in your organization. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control? 

A. Quantitative risk analysis 

B. Risk audits 

C. Requested changes 

D. Qualitative risk analysis 

Answer:


Q82. You are the project manager of the GGK project for your company. The GGK project has a budget of $1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent $575,000 to reach this point in the project. Management would like to know what your cost performance index and the schedule performance index is for this project. What are these values? 

A. The CPI is -$68,960 and the SPI is $63,255. 

B. The CPI is .88 and the SPI is zero. 

C. The CPI is .88 and the SPI is 1.14. 

D. The CPI is 1.14 and the SPI is .88. 

Answer:


Q83. Joan is a project management consultant and she has been hired by a firm to help them identify risk events within the project. Joan would first like to examine the project documents including the plans, assumptions lists, project files, and contracts. What key thing will help Joan to discover risks within the review of the project documents?  

A. The project documents will help the project manager, or Joan, to identify what risk identification approach is best to pursue. 

B. Lack of consistency between the plans and the project requirements and assumptions can be the indicators of risk in the project. 

C. Poorly written requirements will reveal inconsistencies in the project plans and documents. 

D. Plans that have loose definitions of terms and disconnected approaches will reveal risks. 

Answer:


Q84. You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project in this scenario? 

A. You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets. 

B. You will need the risk register, risk management plan, cost management plan, schedule management plan, and any relevant organizational process assets. 

C. You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets. 

D. Quantitative risk analysis does not happen through the project manager in a functional structure. 

Answer:


Q85. The Project Risk Management knowledge area focuses on which of the following processes? Each correct answer represents a complete solution. Choose all that apply. 

A. Quantitative Risk Analysis 

B. Risk Monitoring and Control 

C. Potential Risk Monitoring 

D. Risk Management Planning 

Answer: A,B,D 


Q86. Beth is a project team member on the JHG Project. Beth has added extra features to the project and this has introduced new risks to the project work. The project manager of the JHG project elects to remove the features Beth has added. The process of removing the extra features to remove the risks is called what? 

A. Preventive action 

B. Corrective action 

C. Scope creep 

D. Defect repair 

Answer:


Q87. 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 

Answer:


Q88. You work as a project manager for BlueWell Inc. Your project is running late and you must respond to the risk. Which risk response can you choose that will also cause you to update the human resource management plan? 

A. Teaming agreements 

B. Transference 

C. Crashing the project 

D. Fast tracking the project 

Answer: