In addition to monitoring and controlling the project risks for their status and information the risk
monitoring and controlling process accomplishes four key things for a project. Which one of the
following is NOT a determination that is made by the risk monitoring and controlling process?

[tagged]
You are the project manager for your organization and you are working with Thomas, a project
team member. You and Thomas have been working on a specific risk response for a probable risk
event in the project. Thomas is empowered with a risk response and will control all aspects of the
identified risk response in which a particular risk event will happen within the project. What title, in
regard to risk, is bestowed on Thomas?

You are the project manager of a large construction project. Part of the project involves the wiring
of the electricity in the building your project is creating. You and the project team determine the
electrical work is too dangerous to perform yourself so you hire an electrician to perform the work
for the project. This is an example of what type of risk response?

[tagged]
Risks with low ratings of probability and impact are included on a ____ for future monitoring.

What approach can a project manager use to improve the project’s performance during qualitative
risk analysis?

You are the project manager of the NHH project for your company. You and the project team have
completed the quantitative risk analysis for your project. During this process you create a
contingency reserve based on the risk probability-impact matrix as seen in the figure below.

Based on the information in the figure above, what amount would you need to include in your risk
contingency fund?

[tagged]
Mark is the project manager of the BFL project for his organization. He and the project team are
creating a probability and impact matrix using RAG rating. There is some confusion and
disagreement among the project team as to how a certain risk is important and priority for attention
should be managed. Where can Mark determine the priority of a risk given its probability and
impact?

The Identify Risk process determines the risks that affect the project and document their
characteristics. Why should the project team members be involved in the Identify Risk process?

You are the project manager for the NHQ Project. This project requires that you install 140 copies
of design software onto your department’s computers. The vendor offers you a twenty percent
discount on the software if your company will purchase 150 or more copies of the software. You
communicate this offer with other departments in your firm to see if anyone else would need 10
copies of the software to save your project a significant amount of funds. What is this risk
response called?

[tagged]
What project management plan is most likely to direct the quantitative risk analysis process for a
project in a matrix environment?