What project management plan is most likely to direct the quantitative risk analysis process for a project in a matrix environment?

1. A. Risk analysis plan
2. B. Staffing management plan
3. C. Human resource management plan
4. D. Risk management plan

Correct Answer: D

What approach can a project manager use to improve the project's performance during qualitative risk analysis?

1. A. Focus on near-term risks first.
2. B. Create a risk breakdown structure and delegate the risk analysis to the appropriate project team members.
3. C. Focus on high-priority risks.
4. D. Analyze as many risks as possible regardless of who initiated the risk event.

Correct Answer: C

You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk analysis process for your project. You can use three available tools and techniques to complete this process. Which one of the following is NOT a tool or technique that is appropriate for the quantitative risk analysis process?

1. A. Expert judgment
2. B. Data gathering and representation techniques
3. C. Organizational process assets
4. D. Quantitative risk analysis and modeling techniques

Correct Answer: C

You are the project manager of the GHY project for your organization. You are about to start the qualitative risk analysis process for the project and you need to determine the roles and responsibilities for conducting risk management. Where can you find this information?

1. A. Enterprise environmental factors
2. B. Risk register
3. C. Risk management plan
4. D. Staffing management plan

Correct Answer: C

Ruth is the project manager of ISFH project for her company. This project is forty percent complete and it appears that some risk events are going to happen in the project that will have an adverse affect on the project. Ruth creates a change request regarding the risks. Is this a valid response?

1. A. No, change requests should not address risks, only risk response strategies should be issued.
2. B. No, change requests should not address pending risks, but only scope changes.
3. C. Yes, change requests can be recommended for corrective actions for contingency plans.
4. D. Yes, change requests can ask for additional funds to pay for the risk impact.

Correct Answer: C