Frank is the project manager of the NHL Project for his company and he is starting the risk identification process for the project. Frank needs to ensure that the correct stakeholders are interviewed as part of risk identification. What document will help Frank to communicate and solicit inputs of the project stakeholders during risk identification?

1. A. Project charter
2. B. Risk register
3. C. Requirements management plan
4. D. Stakeholder register

Correct Answer: D

You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project's cost management plan. Why is it necessary to include the project's cost management plan in the preparation for the quantitative risk analysis process?

1. A. The project's cost management plan can help you to determine what the total cost of the project is allowed to be.
2. B. The project's cost management plan provides direction on how costs may be changed due to identified risks.
3. C. The project's cost management plan provides control that may help determine the structure for quantitative analysis of the budget.
4. D. The project's cost management plan is not an input to the quantitative risk analysis process.

Correct Answer: C

Which of the following statements describe the purpose of an Issue Log? Each correct answer represents a complete solution. Choose all that apply.

1. A. It analyzes the impact that the issue is having on the project.
2. B. It tracks the actions taken to resolve the issue.
3. C. It tracks the outcome of the actions taken.
4. D. It addresses the risks that could affect the project.

Correct Answer: ABC

You and your project team are just starting the risk identification activities for a project that is scheduled to last for 18 months. Your project team has already identified a long list of risks that need to be analyzed. How often should you and the project team do risk identification?

1. A. It depends on how many risks are initially identified.
2. B. At least once per month
3. C. Identify risks is an iterative process.
4. D. Several times until the project moves into execution

Correct Answer: C

You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. Which of the following inputs will be needed for the qualitative risk analysis process in your project? Each correct answer represents a complete solution. Choose all that apply.

1. A. Organizational process assets
2. B. Cost management plan
3. C. Project scope statement
4. D. Risk register

Correct Answer: ACD