Adrian is the project manager of the NHP Project. In her project there are several work packages
that deal with electrical wiring. Rather than to manage the risk internally she has decided to hire a
vendor to complete all work packages that deal with the electrical wiring. By removing the risk
internally to a licensed electrician Adrian feels more comfortable with project team being safe.
What type of risk response has Adrian used in this example?

Linda is the project manager of the NAB Project. One of the risks her project team has identified is
too dangerous for the project team to manage internally so she has hired a vendor to complete
this portion of the project and to manage the identified risk. What risk response has Linda used in
this instance?

[tagged]
You work as a project manager for SoftTech Inc. You have implemented the risk action plan and it
was not effective. What type of plan should you as a project manager will create for
implementation if a selected risk strategy fails to be fully effective?

You are the project manager of a large construction project. This project will last for 18 months
and will cost $750,000 to complete. You are working with your project team, experts, and
stakeholders to identify risks within the project before the project work begins. Management wants
to know why you have scheduled so many risk identification meetings throughout the project
rather than just initially during the project planning. What is the best reason for the duplicate risk
identification sessions?

You are the project manager for a construction project. The project includes a work that involves
very high financial risks. You decide to insure processes so that any ill happening can be
compensated. Which type of strategies have you used to deal with the risks involved with that
particular work?

Harry is a project manager of a software development project. In the early stages of planning, he
and the stakeholders operated with the belief that the software they were developing would work
with their organization’s current computer operating system. Now that the project team has started
developing the software it has become apparent that the software will not work with nearly half of
the organization’s computer operating systems. The incorrect belief Harry had in the software
compatibility is an example of what in project management?

You are the project manager of the NHK Project. Management wants to know how often your risk
identification process will occur during the project. Considering that your project is scheduled to
last one year and involvs five distinct phases, how often should risk identification take place?

[tagged]
Della works as a project manager for SoftTech Inc. She is working with the project stakeholders to
begin the quantitative risk analysis process. Which of the following inputs will be needed for the
quantitative risk analysis process in her project? Each correct answer represents a complete
solution. Choose all that apply.

[tagged]
You are the project manager of the GHY Project for your company. You need to complete a
project management process that will be on the lookout for new risks, changing risks, and risks
that are now outdated. Which project management process is responsible for these actions?

You are the project manager of the GGH Project in your company. Your company is structured as
a functional organization and you report to the functional manager that you are ready to move onto
the quantitative risk analysis process. What things will you need as inputs for the quantitative risk
analysis of the project in this scenario?