Fill in the blank with an appropriate phrase.
________is the study of how the variation (uncertainty) in the output of a mathematical model can
be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a
model.

[tagged]
You are the project manager of QSL project for your organization. You are working with your
project team and several key stakeholders to create a diagram that shows how various elements
of a system interrelate and the mechanism of causation within the system. What diagramming
technique are you using as a part of the risk identification process?

Bill is the project manager for a project that will last six months and has a budget of $580,000. In
this project a high-risk has been identified with the new materials the project will be using. Bill
would like to assign one person, Beth, to be responsible to monitor this risk. Bill assigns Beth the
authority to respond to the risk event if it appears in the risk events that is likely to happen. In
addition, Bill hires a consultant to work with Beth on this area of the project. In this instance, who is
the risk response owner?

Nancy is the project manager of a project with 78 stakeholders. This is a high-profile project and
she needs to express to her project team and to the management the importance of
communication in this project. She would like to show the number of stakeholder communication
channels in the project. Based on this information how many communication channels exist within
this project?

[tagged]
Thomas is a key stakeholder in your project. Thomas has requested several changes to the
project scope for the project you are managing. Upon review of the proposed changes, you have
discovered that these new requirements are laden with risks and you recommend to the change
control board that the changes be excluded from the project scope. The change control board

agrees with you. What component of the change control system communicates the approval or
denial of a proposed change request?

Fred is the project manager of the PKL project. He is working with his project team to complete the
quantitative risk analysis process as a part of risk management planning. Fred understands that
once the quantitative risk analysis process is complete, the process will need to be completed
again in at least two other times in the project. When will the quantitative risk analysis process
need to be repeated?

Fill in the blank with an appropriate phrase.
________are activities that are dangerous to complete and manage such as construction,
electrical work, or manufacturing.

Which of the following is a risk response planning technique associated with threats that seeks to
reduce the probability of occurrence or impact of a risk to below an acceptable threshold?

[tagged]
You are the project manager for Genpact Inc. You have established quarterly risk management
meetings. Which of the following is not a component of a risk management meeting?

Donna is the project manager of the QSD Project and she believes Risk Event D in the following
figure is likely to happen.

If this event does happen, how much will Donna have left in the risk contingency reserve if none of
the other risk events have happened?