[tagged]
Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the
project. Which of the following inputs of the identify risks process is useful in identifying risks, and
provides a quantitative assessment of the likely cost to complete the scheduled activities?

[tagged]
Frank is the project manager of the NHH Project. He is working with the project team to create a
plan to document the procedures to manage risks throughout the project. This document will
define how risks will be identified and quantified. It will also define how contingency plans will be
implemented by the project team. What document is Frank and the NHH Project team creating in
this scenario?

Holly is the project manager of the NSS Project for her company. She is discussing some of the
project risks and the issues that have happened in the project. Holly has faxed the status report to
her project client for their review. Based on the standard communication model, which component
in this scenario is the decoder?

Pete works as a project manager for BlueWell Inc. The Management has told him that he must
implement an agreed-upon contingency response if the cost performance index in his project is
less than 0.90. Consider that Pete’s project has a budget at completion of $275,000. His project is
65 percent complete and he has spent $175,000 to date. However, Pete is scheduled to be 78
percent complete. What is the cost performance index for this project to determine if the

contingency response should happen?

You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your
company, on several risks within the project. Nancy understands that through qualitative analysis
you have identified 80 risks that have a low probability and low impact as the project is currently
planned. Nancy’s concern, however, is that the impact and probability of these risk events may
change as conditions within the project may change. She would like to know where will you
document and record these 80 risks that have low probability and low impact for future reference.
What should you tell Nancy?

[tagged]
There are four inputs to the Monitoring and Controlling Project Risks process. Which one of the
following will NOT help you, the project manager, to prepare for risk monitoring and controlling?

A part of a project deals with the hardware work. As a project manager, you have decided to hire a
company to deal with all hardware work on the project. Which type of risk response is this?

You work as a project manager for BlueWell Inc. You are working with your team members on the
risk responses in the project. Which risk response will likely cause a project to use the
procurement processes?

[tagged]
During qualitative risk analysis you want to define the risk urgency assessment. All of the following
are indicators of risk priority except for which one?

[tagged]
Which of the following processes is described in the statement below? “This is the process of
numerically analyzing the effect of identified risks on overall project objectives.”