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Q57. 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
Answer: A
Q58. You and your project team have identified the project risks and now are analyzing the probability and impact of the risks. What type of analysis of the risks provides a quick and high-level review of each identified risk event?
A. A risk probability-impact matrix
B. Quantitative risk analysis
C. Seven risk responses
D. Qualitative risk analysis
Answer: D
Q59. You are the project manager for a construction project. The project includes a work that involves very high financial risks. You decide to insure processes so that any ill happening can be compensated. Which type of strategies have you used to deal with the risks involved with that particular work?
A. Mitigate
B. Avoid C. Accept D. Transfer
Answer: D
136. Harry is a project manager of a software development project. In the early stages of planning, he and the stakeholders operated with the belief that the software they were developing would work with their organization's current computer operating system. Now that the project team has started developing the software it has become apparent that the software will not work with nearly half of the organization's computer operating systems. The incorrect belief Harry had in the software compatibility is an example of what in project management?
A. Issue
B. Assumption
C. Risk
D. Constraint
Answer: B
Q60. You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure: If Risk D happens in this project, how much will be left in the contingency reserve?
A. $440,000
B. $233,500
C. $258,500
D. $243,500
Answer: B
Q61. 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
Answer: B
174. 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.
Answer: D
Q62. Management has asked you to perform a risk audit and report back on the results. Bonny, a project team member asks you what a risk audit is. What do you tell Bonny?
A. A risk audit is a review of all the risks that have yet to occur and what their probability of happening are.
B. A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process.
C. A risk audit is a review of all the risk probability and impact for the risks, which are still present in the project but which have not yet occurred.
D. A risk audit is an audit of all the risks that have occurred in the project and what their true impact on cost and time has been.
Answer: B
Q63. 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
Answer: C
Q64. Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the technology that the risk is affecting and proposes to Nancy a solution to the risk event. Nancy tells Bob that she has noted his response, but the risk really needs to pass through the quantitative risk analysis process before creating responses. Bob disagrees and ensures Nancy that his response is most appropriate for the identified risk. Who is correct in this scenario?
A. Bob is correct. Bob is familiar with the technology and the risk event so his response should be implemented.
B. Bob is correct. Not all risk events have to pass the quantitative risk analysis process to develop effective risk responses.
C. Nancy is correct. All risks of significant probability and impact should pass the quantitative risk analysis process before risk responses are created.
D. Nancy is correct. Because Nancy is the project manager she can determine the correct procedures for risk analysis and risk responses. In addition, she has noted the risk response that Bob recommends.
Answer: B