Question 151 · 204 in bank
What identification technique is used to help reduce the ambiguity of a risk statement?
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Answer: D
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What identification technique is used to help reduce the ambiguity of a risk statement?
Answer: D
A project team's risk facilitator identifies a number of risks and must prioritize them based on the organization's risk appetite levels. Which technique should be used?
Answer: B
Stakeholder risk profile analysis may be performed to grade and qualify the project stakeholder risk appetite and tolerance. PMBOK page #315
Source: Adapted from community discussion — AllPMI
While preparing for a project review meeting with leadership, the project team analyzes and checks its scope activities and discovers missing requirements. The project risk manager decides to hire a subcontractor to fulfill these newly discovered requirements. What risk strategy did the project risk manager use?
Answer: C
The additional scope is to be executed without any change. So the risk is now an issue. Irrespective of whether the additional scope will be executed by the Project team directly or through a subcontractor, the risk has been accepted.
Source: Adapted from community discussion — Sooraj_Balakrishnan
During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customer's electrical infrastructure. This event was originally identified as a risk during earlier stages of the project and the associated risk response indicated a plan to purchase a new power adapter. Which project fund will be used to cover this cost?
Answer: D
A heavy industrial design firm has over USS3 billion in current contract value. As a result of quantitative risk analysis of a geographically separated project, opportunities have been identified and assessed as high priorities for the project. What is the most effective method to capture these opportunities?
Answer: D
How can the project manager rank competing stakeholder priorities for all the identified risks?
Answer: A
The stakeholder is unwilling to make decisions that would result in negative consequences to the project. Which of the following describes the stakeholder's attitude regarding project risks?
Answer: A
The senior risk manager hears that critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks. Which area should be reviewed, as an opportunity for the risk manager to coach the project manager responsible for the project?
Answer: B
A project manager has a two-month project with three project team members. The project sponsor does not agree with the project manager that a risk planning process is necessary, since the project is very small. Would it be appropriate for the project manager to implement some level of risk management?
Answer: A
Which of the following would a proactive risk manager do during the Monitoring and Controlling Process?
Answer: C
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