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?

Mary is the project manager for the BLB project. She has instructed the project team to assemble,
to review the risks. She has included the schedule management plan as an input for the
quantitative risk analysis process. Why is the schedule management plan needed for quantitative
risk analysis?

A project team member has just identified a new project risk. The risk event is determined to have
significant impact but a low probability in the project. Should the risk event happen it’ll cause the
project to be delayed by three weeks, which will cause new risk in the project. What should the
project manager do with the risk event?

[tagged]
You work as a project manager for BlueWell Inc. You are working on a project and the
management wants a rapid and cost-effective means for establishing priorities for planning risk
responses in your project. Which risk management process can satisfy management’s objective
for your project?

Your organization has a project that is expected to last 20 months but the customer would really
like the project completed in 18 months. You have worked on similar projects in the past and

believe that you could fast track the project and reach the 18 month deadline. What increases
when you fast track a project?

[tagged]
Yolanda is the project manager of a high-profile project for her organization. This project has 124
stakeholders from across the organization and many of the stakeholders have high demands and
expectations for the project. Yolanda will need several pieces of project information as she begins
to communicate and manage the stakeholder expectations. Which of the following inputs of the
manage stakeholder expectations process directly addresses the risks that could affect the project
and which must be communicated to the project stakeholders?

Holly is the project manager of the NHQ project for her company. Her project sponsor, Tracy, has
requested that Thomas, the department manager, from the Risk Management Department, will
work with Holly to determine the effectiveness of the risk responses. Tracy and Thomas are
concerned that some of the risks within Holly’s project may not be addressed to depth they would
like. In this scenario, who is responsible for ensuring that risk audits are performed at an
appropriate frequency throughout the project?

[tagged]
You work as a project manager for SoftTech Inc. You are working with the project stakeholders to
begin the qualitative risk analysis process. Which of the following inputs will be needed for the
qualitative risk analysis process in your project? Each correct answer represents a complete
solution. Choose all that apply.

[tagged]
You are the project manager of the HJU project for your company. This project will last for 18
months and has a project budget of $567,000. Robert, one of your stakeholders, has introduced a
scope change request that will likely have an impact on the project costs and schedule. Robert
assures you that he will pay for the extra time and costs associated with the risk event. You tell
Robert that the change request may affect more areas of the project than just time and cost and
that you are worried about the additional risks the change request will bring. What project
management component is responsible for evaluating a change request and its impact on all of
the project management knowledge areas?

Amy is the project manager for her company. In her current project the organization has a very low
tolerance for risk events that will affect the project schedule. Management has asked Amy to
consider the affect of all the risks on the project schedule. What approach can Amy take to create
a bias against risks that will affect the schedule of the project?