You are the project manager of the NHJ project for your company. This project has a budget at
completion of $1,650,000 and you are 60 percent complete. According to the project plan,
however, the project should be 65 percent complete. In this project you have spent $995,000 to
reach this point of completion. There is a risk that this project may be late so you have taken some
measures to recover the project schedule. Management would like to know, based on current
performance, what the estimate at completion for this project will be. What is the estimate at
completion?

[tagged]
Frank is the project manager of the NHQ project for his company. Frank is working with the project
team, key stakeholders, and several subject matter experts on risks dealing with the new materials
in the project. Frank wants to utilize a risk analysis method that will help the team to make
decisions in the presence of the current uncertainty surrounding the new materials. Which risk
analysis approach can Frank use to create an approach to make decisions in the presence of
uncertainty?

[tagged]
You are a risk auditor for your company. You are reviewing the contract types a project manager
has used in her project. Of the following, which contract type has the most risk for the project
manager as a buyer?

Jane is the project manager of the GBB project for her company. In the current project a vendor
has offered the project a ten percent discount based if they will order 100 units for the project. It is
possible that the GBB Project may need the 100 units, but the cost of the units is not a top priority
for the project. Jane documents the offer and tells the vendor that they will keep the offer in mind
and continue with the project as planned. What risk response has been given in this project?

You are the project manager of the GHE Project. You have identified the following risks with the
characteristics as shown in the following figure: How much capital should the project set aside for
the risk contingency reserve?

[tagged]
You are project manager for ABD project. You, with your team, are working on the following
activities:
Probabilistic analysis of a project.
Probability of achieving cost and time objectives.
Trends in Qualitative Risk Analysis results.
On which of the following processes are you working on?

Shelly is the project manager of the BUF project for her company. In this project Shelly needs to
establish some rules to reduce the influence of risk bias during the qualitative risk analysis
process. What method can Shelly take to best reduce the influence of risk bias?

Tom is the project manager for his organization. In his project he has recently finished the risk
response planning. He tells his manager that he will now need to update the cost and schedule
baselines. Why would the risk response planning cause Tom the need to update the cost and
schedule baselines?

Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to
last 14 months and has a budget at completion of $4,555,000. Tracy’s organization will receive a
bonus of $80,000 per day that the project is completed early up to $800,000. Tracy realizes that
there are several opportunities within the project to save on time by crashing the project work.
Crashing the project is what type of risk response?

Which risk response is acceptable for both positive and negative risk events?