Question 1

A list of risks was identified that could occur during the design phase. Now, the team finished the design phase and those risks did not materialize. What should the project manager do next?

Options :

A : Close the risks and update their status in the risk register.

B : Use their contingency with other risks that are still open.

C : Remove the risk from the list as they are no longer applicable.

D : Reevaluate those risks' severity, and update the risk register.

Answer: A

Question 2

A project team identifies that there is a probability of missing a key milestone in a project. The team wants to move forward with the risk response planning. What should the risk manager complete first?

Options :

A : The risk categorization

B : The risk simul-ation

C : The full risk description

D : The risk response plan

Answer: C

Question 3

A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects. What should the project manager do in this situation?

Options :

A : Escalate this initiative to project decision makers and sponsors.

B : Accept the fact that there is a risk associated with this new technology.

C : Take advantage of this opportunity of Improving the project performance.

D : Outsource the implementation of the new technology as soon as possible.

Answer: C

Question 4

A risk manager is preparing risk reports to be included in the monthly status report for project executives. How should the risk manager present the information?

Options :

A : Earned value management (EVM) variance metrics

B : A risk burndown chart showing remaining risks

C : The format established in the risk management plan

D : An itemized list of remaining risks and their scores

Answer: D

Question 5

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

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