Question 1

A risk manager has identified multiple risks in an innovation project and needs to prioritize the use of resources to respond to the risks. Which analysis will help the risk manager in this situation?

Options :

A : Sensitivity analysis

B : Qualitative analysis

C : Statistical analysis

D : Impact analysis

Answer: B

Question 2

An experienced and the only developer on a software implementation project will be on leave for several weeks. The risk of this critical resource's availability was added to the risk register. Contingencies were made for a support developer to job shadow this resource, depending on how things go prior to their leave. The project team was pleased with the backup plan and the new resource was able to shadow for a few weeks. What should the risk manager do next?

Options :

A : Update the risk register to indicate the risk has occurred and close out the expired risk from the register.

B : Update, continuously monitor, and communicate the residual and secondary risks of the backup resource on the project.

C : Hire a permanent developer to support the project, and work with the backup resource to eliminate this risk.

D : Hire another developer to support the project, contingent on when the experienced developer returns.

Answer: B

Question 3

A project team has completed the risk identification steps in a project and compiled a list of 25 risks. The team wants to create response plans for all the risks to avoid any future issues, but the resources and constraints limit the options. What should the risk manager do?

Options :

A : Perform a sensitivity analysis.

B : Perform a qualitative risk analysis.

C : Perform a constraint analysis.

D : Perform a root-cause analysis.

Answer: B

Question 4

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 5

A project to deploy a new technology in field offices across the country has just been initiated. Some stakeholders are not supportive of this project because their teams will potentially be impacted by staff reductions once the technology is implemented. How should the risk manager address this concern?

Options :

A : Invite these stakeholders to regular meetings to engage them in the definition of project assumptions.

B : Identify new stakeholders who might replace those involved thus far and are more closely aligned to the project goals.

C : Review the risk thresholds to potentially accommodate the concerns raised by these stakeholders.

D : Perform a stakeholder analysis to determine their interests and how they should be taken into account.

Answer: D

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