You are the project manager of the NHQ project for your company. You are working with your
project team to complete a risk audit. A recent issue that your project team responded to, and
management approved, was to increase the project schedule because there was risk surrounding
the installation time of a new material. Your logic was that with the expanded schedule there would
be time to complete the installation without affecting downstream project activities. What type of
risk response is being audited in this scenario?

You are the project manager for your organization. You are preparing for the quantitative risk
analysis. Mark, a project team member, wants to know why you need to do quantitative risk
analysis when you just completed qualitative risk analysis. Which one of the following statements
best defines what quantitative risk analysis is?

Your project spans the entire organization. You would like to assess the risk of the project but are
worried that some of the managers involved in the project could affect the outcome of any risk
identification meeting. Your worry is based on the fact that some employees would not want to
publicly identify risk events that could make their supervisors look bad. You would like a method
that would allow participants to anonymously identify risk events. What risk identification method could you use?

CORRECT TEXT
Fill in the blank with an appropriate phrase.
_________models address specifications, requirements, design, verification and validation, and
maintenance activities.

CORRECT TEXT
Fill in the blank with an appropriate word.
________is also referred to as corporate governance, and covers issues such as board structures,
roles and executive remuneration.

Which of the following is NOT a sub-process of Service Portfolio Management?

Mary is the business analyst for your organization. She asks you what the purpose of the assess
capability gaps task is. Which of the following is the best response to give Mary?

Which of the following are the roles of a CEO in the Resource management framework?
Each correct answer represents a complete solution. Choose all that apply.

CORRECT TEXT
Fill in the blank with an appropriate phrase.
_________is the study of how the variation (uncertainty) in the output of a mathematical model
can be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a
model

Which of the following is a process that occurs due to mergers, outsourcing or changing business
needs?