Your project spans the entire organization. You would like to assess the risk of the project but are worried that some of the managers involved in the project could affect the outcome of any risk identification meeting. Your worry is based on the fact that some employees would not want to publicly identify risk events that could make their supervisors look bad. You would like a method that would allow participants to anonymously identify risk events. What risk identification method could you use?

1. A. Delphi technique
2. B. Isolated pilot groups
3. C. SWOT analysis
4. D. Root cause analysis

Correct Answer: A

You are the project manager of the NKQ project for your organization. You have completed the quantitative risk analysis process for this portion of the project. What is the only output of the quantitative risk analysis process?

1. A. Probability of reaching project objectives
2. B. Risk register updates
3. C. Risk response
4. D. Risk contingency reserve

Correct Answer: B

You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the project objectives. Which of the following strategies will you use to tackle the risk?

1. A. Risk mitigation
2. B. Risk avoidance
3. C. Risk acceptance
4. D. Risk transference

Correct Answer: B

You work as a project manager for BlueWell Inc. You with your team are using a method or a (technical) process that conceives the risks even if all theoretically possible safety measures would be applied. One of your team member wants to know that what is a residual risk. What will you reply to your team member?

1. A. It is a risk that can not be addressed by a risk response.
2. B. It is a risk that will remain no matter what type of risk response is offered.
3. C. It is a risk that remains because no risk response is taken.
4. D. It is a risk that remains after planned risk responses are taken.

Correct Answer: D

Lamont is the project manager of a project that has recently finished the final project deliverables. The project customer has signed off on the project deliverable and Lamont has a few administrative closure activities to complete. In the project, there were several large risks that could have wrecked the project but Lamont and his project team found some creative methods to resolve the risks without affecting the project costs or project end date. What should Lamont do with the risk responses he identified during the project's monitoring and controlling process?

1. A. Include the risk response in the project risk management plan.
2. B. Include the responses in the project management plan.
3. C. Nothin
4. D. The risk responses are included in the project's risk register already.
5. E. Include the risk responses in the organization's lessons learned database.

Correct Answer: D