Who is responsible for the stakeholder expectations management in a high-profile, high- risk project?

1. A. Project risk assessment officer
2. B. Project management office
3. C. Project sponsor
4. D. Project manager

Correct Answer: D

You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?

1. A. Pareto modeling
2. B. Expected Monetary Value
3. C. Analogous modeling
4. D. Monte Carlo Technique

Correct Answer: D

Which of the following documents is described in the statement below? "It is developed along with all processes of the risk management. It contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning."

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

Correct Answer: C

Diana is the project manager of the QPS project for her company. In this project Diana and the project team have identified a pure risk. Diana and the project team decided, along with the key stakeholders, to remove the pure risk from the project by changing the project plan altogether. What is a pure risk?

1. A. It is a risk event that is generated due to errors or omission in the project work.
2. B. It is a risk event that is created by a risk response.
3. C. It is a risk event that only has a negative side, such as loss of life or limb.
4. D. It is a risk event that cannot be avoided because of the order of the work.

Correct Answer: C

Ben is the project manager of the YHT Project for his company. Alice, one of his team members, is confused about when project risks will happen in the project. Which one of the following statements is the most accurate about when project risk happens?

1. A. Project risk can happen at any moment.
2. B. Project risk happens throughout the project execution.
3. C. Project risk is always in the future.
4. D. Project risk is uncertain, so no one can predict when the event will happen.

Correct Answer: C