David is the project manager of the NKL Project for his organization. He has been asked to create
a proposal for a construction project for a client. David realizes that there are several requirements
within the SOW and RFP provided by the client that would eliminate his company from bidding on
the construction project. David proposed to management that his organization create a partnership
with a competitor so that together they could bid on the construction project and qualify for the
customer’s requirements. What risk response is David proposing to management?

Billy is the project manager of the HAR Project and is in month six of the project. The project is
scheduled to last for 18 months. Management asks Billy how often the project team is participating
in risk reassessment in this project. What should Billy tell management if he’s following the best
practices for risk management?

Which of the following risk responses delineates that the project plan will not be changed to deal
with the risk?

[tagged]
You are the project manager of the HJK Project for your organization. You and the project team
have created risk responses for many of the risk events in the project. Where should you
document the proposed responses and the current status of all identified risks?

You are the project manager of the NGH project for your organization. You want to create a
causeand- effect diagram to help discover the root causes of the risks within the project. Harold,
the CIO, recommends that you create an Ishikawa diagram instead. What is an Ishikawa diagram?

[tagged]
You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk
analysis process for your project. You can use three available tools and techniques to complete
this process. Which one of the following is NOT a tool or technique that is appropriate for the
quantitative risk analysis process?

[tagged]
You are the project manager of RTF project for your organization. You are working with your
project team and several key stakeholders to create a diagram that shows causal factors for an
effect to be solved. What diagramming technique are you using as a part of the risk identification
process?

[tagged]
You are the project manager of the NNN project for your company. You and the project team are
working together to plan the risk responses for the project. You feel that the team has successfully
completed the risk response planning and now you must initiate what risk process it is. Which of
the following risk processes is repeated after the plan risk responses to determine if the overall
project risk has been satisfactorily decreased?

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.

You are the project manager of the NHH Project for your company and you have completed the
risk analysis processes for the risk events. You and the project team have created risk responses
for most of the identified project risks. Now, you would like to assign risk owners to the events.
Which risk events should have risk response owners?