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QUESTION NO: 6

Which of the following is the MOST important use of KRIs?

A. Providing a backward-looking view on risk events that have occurred

B. Providing an early warning signal

C. Providing an indication of the enterprise\’s risk appetite and tolerance

D. Enabling the documentation and analysis of trends

Correct Answer: B


QUESTION NO: 4

You are the project manager of a large construction project. This project will last for 18 months and will

cost $750,000 to complete. You are working with your project team, experts, and stakeholders to identify

risks within the project before the project work begins. Management wants to know why you have

scheduled so many risk identification meetings throughout the project rather than just initially during the

project planning. What is the best reason for the duplicate risk identification sessions?

A. The iterative meetings allow all stakeholders to participate in the risk identification processes

throughout the project phases.

B. The iterative meetings allow the project manager to discuss the risk events which have passed the

project and which did not happen.

C. The iterative meetings allow the project manager and the risk identification participants to identify newly

discovered risk events throughout the project.

D. The iterative meetings allow the project manager to communicate pending risks events during project

execution.

Correct Answer: C


QUESTION NO: 11

You are the project manager of GHT project. Your project team is in the process of identifying project risks

on your current project. The team has the option to use all of the following tools and techniques to diagram

some of these potential risks EXCEPT for which one?

A. Process flowchart

B. Ishikawa diagram

C. Influence diagram

D. Decision tree diagram

Correct Answer: D


QUESTION NO: 14

You are the project manager in your enterprise. You have identified risk that is noticeable failure

threatening the success of certain goals of your enterprise. In which of the following levels do this identified

risk exists?

A. Moderate risk

B. High risk

C. Extremely high risk

D. Low risk

Correct Answer: A


QUESTION NO: 2

You are the project manager of a HGT project that has recently finished the final compilation process. The

project customer has signed off on the project completion and you have to do few administrative closure

activities. In the project, there were several large risks that could have wrecked the project but you and

your project team found some new methods to resolve the risks without affecting the project costs or

project completion date. What should you do with the risk responses that you have identified during the

project\’s monitoring and controlling process?

A. Include the responses in the project management plan.

B. Include the risk responses in the risk management plan.

C. Include the risk responses in the organization\’s lessons learned database.

D. Nothing. The risk responses are included in the project\’s risk register already.

Correct Answer: C


QUESTION NO: 10

Which of the following controls is an example of non-technical controls?

A. Access control

B. Physical security

C. Intrusion detection system

D. Encryption

Correct Answer: B


QUESTION NO: 12

Which of the following BEST describes the utility of a risk?

A. The finance incentive behind the risk

B. The potential opportunity of the risk

C. The mechanics of how a risk works

D. The usefulness of the risk to individuals or groups

Correct Answer: D


QUESTION NO: 9

You work as the project manager for Bluewell Inc. Your project has several risks that will affect several

stakeholder requirements. Which project management plan will define who will be available to share

information on the project risks?

A. Resource Management Plan

B. Risk Management Plan

C. Stakeholder management strategy

D. Communications Management Plan

Correct Answer: D


QUESTION NO: 16

Which of the following processes is described in the statement below? “It is the process of exchanging

information and views about risks among stakeholders, such as groups, individuals, and institutions.”

A. Risk governance

B. Risk identification

C. Risk response planning

D. Risk communication

Correct Answer: D


QUESTION NO: 15

Courtney is the project manager for her organization. She is working with the project team to complete the

qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin

the grouping of identified risks by common causes. What is the primary advantage to group risks by

common causes during qualitative risk analysis?

A. It helps the project team realize the areas of the project most laden with risks.

B. It assist in developing effective risk responses.

C. It saves time by collecting the related resources, such as project team members, to analyze the risk

events.

D. It can lead to the creation of risk categories unique to each project.

Correct Answer: B


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