Which of the following processes is described in the statement below? “It is the process of
implementing risk response plans, tracking identified risks, monitoring residual risk,
identifying new risks, and evaluating risk process effectiveness throughout the project.”

There are seven risk responses for any project. Which one of the following is a valid risk
response for a negative risk event?

You are the project manager of the GHY Project for your company. You have completed the
risk response planning with your project team. You now need to update the WBS. Why
would the project manager need to update the WBS after the risk response planning
process? Choose the best answer.

The risk transference is referred to the transfer of risks to a third party, usually for a fee, it
creates a contractual-relationship for the third party to manage the risk on behalf of the
performing organization. Which one of the following is NOT an example of the transference
risk response?

Adrian is a project manager for a new project using a technology that has recently been
released and there’s relatively little information about the technology. Initial testing of the
technology makes the use of it look promising, but there’s still uncertainty as to the longevity
and reliability of the technology. Adrian wants to consider the technology factors a risk for
her project. Where should she document the risks associated with this technology so she
can track the risk status and responses?

Which of the following is a risk response planning technique associated with threats that
seeks to reduce the probability of occurrence or impact of a risk to below an acceptable
threshold?

BS 7799 is an internationally recognized ISM standard that provides high level, conceptual
recommendations on enterprise security. BS 7799 is basically divided into three parts.
Which of the following statements are true about BS 7799? Each correct answer represents
a complete solution. Choose all that apply.

Gary is the project manager for his organization. He is working with the project stakeholders
on the project requirements and how risks may affect their project. One of the stakeholders
is confused about what constitutes risks in the project. Which of the following is the most

accurate definition of a project risk?

You work as a project manager for TechSoft Inc. You are working with the project
stakeholders onthe 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?

You are the project manager for your organization. You have determined that an activity is

too dangerous to complete internally so you hire licensed contractor to complete the work.
The contractor, however, may not complete the assigned work on time which could cause
delays in subsequent work beginning. This is an example of what type of risk event?