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Q65. Ruth is the project manager of ISFH project for her company. This project is forty percent complete and it appears that some risk events are going to happen in the project that will have an adverse affect on the project. Ruth creates a change request regarding the risks. Is this a valid response?
A. No, change requests should not address risks, only risk response strategies should be issued.
B. No, change requests should not address pending risks, but only scope changes.
C. Yes, change requests can be recommended for corrective actions for contingency plans.
D. Yes, change requests can ask for additional funds to pay for the risk impact.
Answer: C
Q66. Your organization, as part of its enterprise environmental factors, has established risk governance to be implemented in each project. Part of this governance is the reassessment of risks within each project. How much detail and repetition in approach for risks to be reassessed for probability and impact?
A. Each risk reassessment should go into the same depth as the original risk assessment activity.
B. The probability and impact of risk event should determine the level of reassessment throughout the project lifecycle.
C. The amount of detail of repetition that is appropriate depends on how the project progresses relative to its objectives.
D. The level of detail and reassessment should reflect the priority of the project.
Answer: C
Q67. You are the project manager for your organization and you are working with Thomas, a project team member. You and Thomas have been working on a specific risk response for a probable risk event in the project. Thomas is empowered with a risk response and will control all aspects of the identified risk response in which a particular risk event will happen within the project. What title, in regard to risk, is bestowed on Thomas?
A. Risk expeditor
B. Risk owner
C. Risk team leader
D. Risk coordinator
Answer: B
Q68. In addition to monitoring and controlling the project risks for their status and information the risk monitoring and controlling process accomplishes four key things for a project. Which one of the following is NOT a determination that is made by the risk monitoring and controlling process?
A. Determines if the project assumptions are still valid
B. Determines if the risk management policies and procedures are being followed
C. Determines if the risk contingency reserves should be modified to be in alignment with the current risk assessment
D. Determines if the project constraints are still valid
Answer: D
Q69. 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
Answer: D
Q70. 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
Answer: B
Q71. David is the project manager of the NKL Project for his organization. He has been asked to create a proposal for a construction project for a client. David realizes that there are several requirements within the SOW and RFP provided by the client that would eliminate his company from bidding on the construction project. David proposed to management that his organization create a partnership with a competitor so that together they could bid on the construction project and qualify for the customer's requirements. What risk response is David proposing to management?
A. Exploiting
B. Teaming agreement
C. Transference
D. Sharing
Answer: D
Q72. You are the project manager of the HQQ Project for your company. You are working with your project stakeholders to discuss the risks in the project that can adversely affect the project objectives. You are discussing the possibilities of causes for an identified risk event in your project. Your stakeholder is confused on the difference between causes and risk events. Which of the following is NOT an example of a cause for a project risk?
A. Limited team members to complete the project work
B. Quality assurance programs within the company
C. Work permit requirements
D. Schedule constraints on the project
Answer: B