[tagged]
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.”

[tagged]
Fred is the project manager of the CPS project. He is working with his project team to prioritize the
identified risks within the CPS project. He and the team are prioritizing risks for further analysis or
action by assessing and combining the risks probability of occurrence and impact. What process is

Fred completing?

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

You are the program manager for your organization. Management is considering a new program
but they are worried about the program risks that may affect the program success. You know that
there are three positive risks responses and three negative risk responses that each risk can have.
Management asks you which risk response would be most appropriate for a large risk event if they
wanted to hire a third-party to own the risk event for the program. What risk event is most
appropriate?

There are seven risk responses for any project. Which one of the following is a valid risk response
for a negative risk event?

Bill is the project manager of the JKH Project. He and the project team have identified a risk event
in the project with a high probability of occurrence and the risk event has a high cost impact on the
project. Bill discusses the risk event with Virginia, the primary project customer, and she decides
that the requirements surrounding the risk event should be removed from the project. The removal
of the requirements does affect the project scope, but it can release the project from the high risk
exposure. What risk response has been enacted in this project?

[tagged]
Your project team has identified a project risk that must be responded to. The risk has been
recorded in the risk register and the project team has been discussing potential risk responses for
the risk event. The event is not likely to happen for several months but the probability of the event
is high. Which one of the following is a valid response to the identified risk event?

Beth is the project manager of the BFG Project for her company. In this project Beth has decided
to create a contingency response based on the performance of the project schedule. If the project
schedule variance is greater than $10,000 the contingency plan will be implemented. What is the

formula for the schedule variance?

[tagged]
During which of the following processes, probability and impact matrix is prepared?

Holly is the project manager of the GHH Project. During risk identification and the subsequent risk
analysis process she has identified a risk with a high probability and high impact for her project.
She and the stakeholder agree that the project management plan should be changed to eliminate
the risk threat entirely. What risk response has Holly used in this instance?