Mark works as a project manager of the NNH project. In this project, he has created a contingency
response that the cost performance index should be less than 0.91. The NHH project has a budget
at completion of $950,000 and is 43 percent complete – though the project should be 50 percent
complete. The project has spent $470,897 to reach the 43 percent complete milestone. What is
the project’s cost performance index?

You work as a project manager for BlueWell Inc. You are involved with the project team on the
different risk issues in your project. You are using the applications of IRGC model to facilitate the
understanding and managing the rising of the overall risks that have impacts on the economy and
society. One of your team member wants to know that what is the need to use the IRGC. What will
be your reply?

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?

Management has asked you to perform a risk audit and report back on the results. Bonny, a
project team member asks you what a risk audit is. What do you tell Bonny?

Consider the risk probability-impact matrix in the figure given below:

If Risk B happens in this project, how much will be left in the contingency reserve?