Question 1

A risk manager for a cross-functional project is initiating the risk identification process. The risk manager conducted some meetings for stakeholders to express their concerns, but some stakeholders are complaining that their opinions were not considered. How should the risk manager address these concerns?

Options :

A : Refer to the requirements documentation to confirm stakeholder requirements as they relate to risks.

B : Refer to the project charter to find guidelines and stakeholder communication channels.

C : Review the stakeholder register and stakeholder engagement plan to communicate and solicit stakeholder input.

D : Rewrite the risk register to include the additional possible risks and inform the stakeholders.

Answer: C

Question 2

A Scrum team has recently lost its product owner to another team. A new product owner has been hired for the Scrum team. This product owner is currently new to the project, unfamiliar with the team's practices, and does not have a full grasp of the product users. After a few sprints, the product owner is receiving constructive feedback from both internal and external stakeholders related to the direction of the product and its current challenges. What can the product owner do to improve the product's perception among stakeholders and ensure the team understands the product vision? (Choose 2)

Options :

A : Re-assess the product goal, place it on the product backlog, and explain it to the team.

B : Invite more stakeholders to the daily scrum meetings to voice their opinion of the product.

C : Create sprint goals and communicate them at the sprint planning event.

D : Invite product teams to more frequent reviews to observe the team's work and encourage feedback.

E : Invite stakeholders to the sprint retrospective to brainstorm with the team improvements.

Answer: A,C

Question 3

A risk manager on an infrastructure project gathers and analyzes performance data. The risk manager wants to identify which variables will impact the schedule and determine how these factors interact. Which data analysis tool should the risk manager use to forecast future performance?

Options :

A : Sensitivity analysis

B : What-if scenario analysis

C : Regression analysis

D : Decision tree analysis

Answer: C

Question 4

In reviewing the team's identified project risks, a project manager identified an opportunity to assign more resources to ensure the company receives the project's incentive payment for early completion. In implementing this plan, which response should the risk manager use?

Options :

A : Exploit

B : Accept

C : Share

D : Enhance

Answer: A

Question 5

When conducting a risk identification exercise, what two actions should the risk manager take? (Choose two.)

Options :

A : Request a contingency reserve from management

B : Arrange a team meeting, review the project's scope, and discuss dependency mapping

C : Ensure participants review relevant documents before attending the meeting

D : Ensure that all the relevant stakeholders participate

E : Update the risk register during the team meeting.

Answer: B,D

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