You are the project manager of a large networking project. During the execution phase the
customer requests for a change in the existing project plan. What will be your immediate action?

Which of the following is described by the definition given below?
“It is the expected guaranteed value of taking a risk.”

You are the project manager of GHT project. Your hardware vendor left you a voicemail saying
that the delivery of the equipment you have ordered would not arrive on time. She wanted to give
you a heads-up and asked that you return the call. Which of the following statements is TRUE?

There are five inputs to the quantitative risk analysis process. Which one of the following is NOT
an input to quantitative risk analysis process?

Stephen is the project manager of the GBB project. He has worked with two subject matter experts
and his project team to complete the risk assessment technique. There are approximately 47 risks

that have a low probability and a low impact on the project. Which of the following answers best
describes what Stephen should do with these risk events?

Jenny is the project manager for the NBT projects. She is working with the project team and
several subject matter experts to perform the quantitative risk analysis process. During this
process she and the project team uncover several risks events that were not previously identified.
What should Jenny do with these risk events?

You are working on a project in an enterprise. Some part of your project requires e-commerce, but
your enterprise choose not to engage in e-commerce. This scenario is demonstrating which of the
following form?

Which of the following are risk components of the COSO ERM framework?
Each correct answer represents a complete solution. Choose three.

Your project team has completed the quantitative risk analysis for your project work. Based on
their findings, they need to update the risk register with several pieces of information. Which one
of the following components is likely to be updated in the risk register based on their analysis?

Fred is the project manager of a large project in his organization. Fred needs to begin planning the
risk management plan with the project team and key stakeholders. Which plan risk management
process tool and technique should Fred use to plan risk management?