Which of the following essential elements of IT Portfolio Investment Management enables portfolio
managers to include or exclude investments, change start and end dates, adjust budgets and
reevaluate priorities?

Fred is the project manager of the PKL project. He is working with his project team to complete the
quantitative risk analysis process as a part of risk management planning.
Fred understands that once the quantitative risk analysis process is complete, the process will
need to be completed again in at least two other times in the project. When will the quantitative
risk analysis process need to be repeated?

You work as a project manager for BlueWell Inc. There has been a delay in your project work that
is adversely affecting the project schedule. You decided, with your stakeholders’ approval, to fast
track the project work to get the project done faster. When you fast track the project which of the
following are likely to increase?

Which of the following processes ensures that all vital assets and resources of the organization
are safeguarded?

In software development, which of the following analysis is used to document the services and
functions that have been accidentally left out, deliberately eliminated or still need to be developed?

The entry points to Service Strategy are referred to as “the Four Ps”. They identify the different
forms a service strategy may take. Which of the following is a correct list of the ‘Four Ps’?

Melody is the project manager for her organization. She has created a risk response to conduct
more tests on the software her project is creating. The identified risk that prompted this response
was that the software is mission-critical and must be flawless before it can be put into product.
What type of a risk response has Melody used in this scenario?

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

Elizabeth is a project manager for her organization and she finds risk management to be very
difficult for her to manage. She asks you, a lead project manager, at what stage in the project will
risk management become easier. What answer best resolves the difficulty of risk management
practices and the effort required?

CORRECT TEXT
You are the project manager of the AMD project for your organization. In this project, you are
currently performing quantitative risk analysis. The tool and technique you are using is simulation
where the project model is computed many times with the input values chosen at random for each
iteration. The goal is to create a probability distribution from the iterations for the project schedule.
What technique will you use with this simulation?