Which of the following is the MOST important reason to maintain key risk indicators (KRIs)?
You are the project manager of a HGT project that has recently finished the final compilation
process. The project customer has signed off on the project completion and you have to do few
administrative closure activities. In the project, there were several large risks that could have
wrecked the project but you and your project team found some new methods to resolve the risks
without affecting the project costs or project completion date. What should you do with the risk
responses that you have identified during the project’s monitoring and controlling process?
You are the project manager of GHT project. You have identified a risk event on your project that
could save $100,000 in project costs if it occurs. Which of the following statements BEST
describes this risk event?
You are the project manager of a large construction project. This project will last for 18 months
and will cost $750,000 to complete. You are working with your project team, experts, and
stakeholders to identify risks within the project before the project work begins. Management wants
to know why you have scheduled so many risk identification meetings throughout the project
rather than just initially during the project planning. What is the best reason for the duplicate risk
You are the risk official in Bluewell Inc. You are supposed to prioritize several risks. A risk has a
rating for occurrence, severity, and detection as 4, 5, and 6, respectively. What Risk Priority
Number (RPN) you would give to it?
Which of the following is the MOST important use of KRIs?
Which of the following role carriers will decide the Key Risk Indicator of the enterprise?
Each correct answer represents a part of the solution. Choose two.
What are the requirements for creating risk scenarios? Each correct answer represents a part of
the solution. Choose three.
You work as the project manager for Bluewell Inc. Your project has several risks that will affect
several stakeholder requirements. Which project management plan will define who will be
available to share information on the project risks?
Which of the following controls is an example of non-technical controls?