How much detail and repetition in approach for risks to be reassessed for probability and impact?
Your organization, as part of its enterprise environmental factors, has established risk governance
to be implemented in each project. Part of this governance is the reassessment of risks within
each project. How much detail and repetition in approach for risks to be reassessed for probability
and impact?
what document should you and the vendors now sign?
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You are the program manager of the YGH Program. A vendor has recently completed his contracted work for your program. You agree that the vendor has completed the procured work so what document should you and the vendors now sign?
What risk identification method could you use?
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Your project spans the entire organization. You would like to assess the risk of the project but are
worried that some of the managers involved in the project could affect the outcome of any risk
identification meeting. Your worry is based on the fact that some employees would not want to
publicly identify risk events that could make their supervisors look bad. You would like a method
that would allow participants to anonymously identify risk events. What risk identification method
could you use?
What program management process is management asking you to perform?
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You are the program manager for your organization. Management has asked that you determine when resources, such as leased equipment, are no longer needed so that you may release the resources to save time, money, and utilization of resources within your program. What program management process is management asking you to perform?
What document will help Frank to communicate and solicit inputs of the project stakeholders during risk identi
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Frank is the project manager of the NHL Project for his company and he is starting the risk
identification process for the project. Frank needs to ensure that the correct stakeholders are
interviewed as part of risk identification. What document will help Frank to communicate and solicit
inputs of the project stakeholders during risk identification?
What document is Molly writing?
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Molly is the program manager for her organization. She is creating a document that defines the benefits the program will create for her organization once the program has been completed. What document is Molly writing?
Which risk identification approach is most suited for this goal?
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You are working with your project stakeholders to identify risks within the JKP Project. You want to
use an approach to engage the stakeholders to increase the breadth of the identified risks by
including internally generated risk. Which risk identification approach is most suited for this goal?
What risk event is most appropriate?
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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?
What is the purpose of reviewing the contingency reserve?
Ted is the project manager of the HRR project for his company. Management has asked that Ted
periodically reviews the contingency reserve as risk events happen, pass, or are still pending.
What is the purpose of reviewing the contingency reserve?
what information to send back to the vendors?
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You are the program manager for your organization. You have created a statement of work, request for proposal, and an invitation to a bidder’s conference for 17 possible vendors. During the conference there were QUESTION NOs about your request for proposal and statement of work that led to clarifications. After the vendor conference you should update what information to send back to the vendors?