Tom is the project manager of the GGG project for his company. He is working with the project
team on the Perform Qualitative Risk Analysis process. Tom is having the project team to review
the project scope statement as an input to the qualitative risk analysis process. Why?

You are the project manager for GHY Project and are working to create a risk response for a
negative risk. You and the project team have identified the risk that the project may not complete
on time, as required by the management, due to the creation of the user guide for the software
you’re creating. You have elected to hire an external writer in order to satisfy the requirements and
to alleviate the risk event. What type of risk response have you elected to use in this instance?

You work as a project manager for BlueWell Inc. You are currently working with the project
stakeholders to identify risks in your project. You understand that the qualitative risk assessment
and analysis can reflect the attitude of the project team and other stakeholders to risk. Effective
assessment of risk requires management of the risk attitudes of the participants. What should you,
the project manager, do with assessment of identified risks in consideration of the attitude and
bias of the participants towards the project risk?

You are the project manager of your organization. Your organization will receive a bonus if the
project finishes by December 20. Management has communicated this bonus to you and your
project team and has asked you to evaluate the project to see if it is possible to realize the reward.
The bonus offered to your organization is $750,000. You have examined the project and believe
that you can crash the project for an additional $275,000 and reach the December 20 date.
Management is thrilled with your assessment and they approve the crash fee. What risk response
is this?

[tagged]
You are working as a project manager in your organization. You are nearing the final stages of
project execution and looking towards the final risk monitoring and controlling activities. For your
project archives, which one of the following is an output of risk monitoring and control?

[tagged]
You and your project team have identified the project risks and now are analyzing the probability
and impact of the risks. What type of analysis of the risks provides a quick and high-level review of
each identified risk event?

You are the project manager of the AFD project for your company. You are working with the
project team to reassess existing risk events and to identify risk events that have not happened
and whose relevancy to the project has passed. What should you do with these events that have
not happened and would not happen now in the project?

Harry works as a project manager for the NHQ Project. He is performing quantitative risk analysis
for his project. One of the project risks has a 40 percent probability of happening, and it will cost
the project $65,000 if the risk happens. What is the expected monetary value of this risk event?

[tagged]
You work as a project manager for TechSoft Inc. You are working with the project stakeholders on
the qualitative risk analysis process in your project. You have used all the tools to the qualitative
risk analysis process in your project. Which of the following techniques is NOT used as a tool in
qualitative risk analysis process?

[tagged]
Beth is a project team member on the JHG Project. Beth has added extra features to the project
and this has introduced new risks to the project work. The project manager of the JHG project
elects to remove the features Beth has added. The process of removing the extra features to
remove the risks is called what?