You are the project manager of the GHY project for your organization. You are working with your project team to begin identifying risks for the project. As part of your preparation for identifying the risks within the project you will need eleven inputs for the process. Which one of the following is NOT an input to the risk identification process?

• A.Quality management plan
• B.Stakeholder register
• C.Cost management plan
• D.Procurement management plan

Correct Answer: D

Explanation/Reference:
Explanation:
The procurement management plan is not one of the eleven inputs for the risk identification process. The eleven inputs to this process are:
risk management plan

activity cost estimates

activity duration estimates

scope baseline

stakeholder register

cost management plan

schedule management plan

quality management plan

project documents

enterprise environmental factors

organizational process assets.

Comment: *

Name: *

Email: *

Verification: *

You are elected as the project manager of GHT project. You have to initiate the project. Your Project request document has been approved, and now you have to start working on the project. What is the FIRST step you should take to initialize the project?

• A.Conduct a feasibility study
• B.Acquire software
• C.Define requirements of project
• D.Plan project management

Comment: *

Name: *

Email: *

Verification: *

Which of the following should be a risk practitioner's NEXT step upon learning the organization is not in compliance with a specific legal regulation?

• A.Assess the likelihood and magnitude of the associated risk.
• B.Identify mitigation activities and compensating controls.
• C.Notify senior compliance executives of the associated risk.
• D.Determine the penalties for lack of compliance.

Comment: *

Name: *

Email: *

Verification: *

You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to use the new materials can also be known as what term?

• A.Benchmarking
• B.Cost-benefits analysis
• C.Cost of conformance to quality
• D.Team development

Correct Answer: C

Explanation/Reference:
Explanation:
When the project team needs training to be able to complete the project work it is a cost of conformance to quality.
The cost of conformance to quality defines the cost of training, proper resources, and the costs the project must spend in order to ascertain the expected levels of quality the customer expects from the project. It is the capital used up throughout the project to avoid failures. It consists of two types of costs:
Prevention costs: It is measured to build a quality product. It includes costs in training, document

processing, equipment, and time to do it right.
Appraisal costs: It is measured to assess the quality. It includes testing, destructive testing loss, and

inspections.
Incorrect Answers:
A: Benchmarking compares any two items, such as materials, vendors, or resources.
B: Cost-benefit analysis is the study of the benefits in relation to the costs to receive the benefits of a decision, a project, or other investment.
D: Team development describes activities the project manager uses to create a more cohesive and responsive project team.

Comment: *

Name: *

Email: *

Verification: *

Which of the following business requirements MOST relates to the need for resilient business and information systems processes?

• A.Confidentiality
• B.Effectiveness
• C.Integrity
• D.Availability

Comment: *

Name: *

Email: *

Verification: *