[tagged]
Adrian is a project manager for a new project using a technology that has recently been released
and there’s relatively little information about the technology. Initial testing of the technology makes
the use of it look promising, but there’s still uncertainty as to the longevity and reliability of the
technology. Adrian wants to consider the technology factors a risk for her project. Where should
she document the risks associated with this technology so she can track the risk status and
responses?

Sensitivity analysis is a technique for systematically changing parameters in a model to determine
the effects of such changes and is useful for computer modelers for a range of purposes. Which of
the following purposes does the sensitivity analysis include? Each correct answer represents a

complete solution. Choose all that apply.

Eric is the project manager of the MTC project for his company. In this project a vendor has
offered Eric a sizeable discount on all hardware if his order total for the project is more than
$125,000. Right now, Eric is likely to spend $118,000 with vendor. If Eric spends $7,000 his cost
savings for the project will be $12,500, but he cannot purchase hardware if he cannot implement
the hardware immediately due to organizational policies. Eric consults with Amy and Allen, other
project managers in the organization, and asks if she needs any hardware for their projects. Both
Amy and Allen need hardware and they agree to purchase the hardware through Eric’s
relationship with the vendor. What positive risk response has happened in this instance?

Della works as a project manager for Tech Perfect Inc. She is studying the documentation of
planning of a project. The documentation states that there are twenty-eight stakeholders with the
project. What will be the number of communication channels for the project?

You are the project manager for your organization. You are working with your project team to
complete the qualitative risk analysis process. The first tool and technique you are using requires
that you assess the probability and what other characteristic of each identified risk in the project?

You are the project manager of the GHG project. You are preparing for the quantitative risk
analysis process. You are using organizational process assets to help you complete the
quantitative risk analysis process. Which one of the following is NOT a valid reason to utilize
organizational process assets as a part of the quantitative risk analysis process?

[tagged]
Which of the following processes looks at the complex web of actors, rules, conventions,
processes, and mechanisms concerned with how relevant risk information is collected, analyzed
and communicated, and how management decisions are taken?

You are the project manager of the NNH project. In this project you have created a contingency
response that the cost performance index should be less than 0.93. The NHH project has a budget
at completion of $945,000 and is 45 percent complete – though the project should be 49 percent
complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is
the project’s cost performance index?

You work as a project manager for BlueWell Inc. You are performing the quantitative risk analysis
for your project. One of the project risks has a 50 percent probability of happening, and it will cost
the project $55,000 if the risk happens. What will be the expected monetary value of this risk
event?

Joyce is the project manager for her company. Joyce and her project team are working through
the quantitative analysis for certain risk events within her project. According to the enterprise
environmental factors the project manager is to perform sensitivity analysis on any risk with an
impact greater than $5,000 in the project. What is the sensitivity analysis?