A risk with a high probability and medium consequence to a project has been identified. In response, the project manager has purchased an insurance plan with the intent to provide additional funds if the risk is realized. There is no risk to the schedule or scope. Which of the following types of risk strategies is this an example of?

• A.Accept risk
• B.Transfer risk
• C.Mitigate risk
• D.Exploit risk
• E.Avoid risk

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A company has updated the method it uses to initiate projects. The company requires
RFPs from three vendors, and low and high bids must be rejected to determine the selected vendor.
Which of the following terms describe this requirement?

• A.Outsourcing
• B.Business acquisition
• C.Business process change
• D.Internal reorganization

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Which of the following analyses should a project manager use to determine problem areas for corrective action planning? (Select two.)

• A.Planned value
• B.Cost variance
• C.Earned value
• D.Acceptable variance
• E.Schedule variance

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A project coordinator logs potential events that can affect project constraints, and then records the results of brainstorming of potential strategies.
Which of the following documents should the project coordinator use?

• A.Risk register
• B.Issue log
• C.Communication plan
• D.Status report

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A project manager is creating the monthly report for top management. The project manager has collected the information below:
AC = 100
PV = 80
EV = 120
Based on this information, the CPI reflects which of the following about the project?

• A.It is ahead of schedule.
• B.It is over budget.
• C.It is under budget.
• D.It is behind schedule.
  Explanation
  "The cost performance index (CPI) is calculated this way:
  CPI = EV / AC"
  Excerpt From: Kim Heldman. "CompTIA Project+ Study Guide." iBooks.

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