You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated. Which project management process is responsible for these actions?

• A.Risk planning
• B.Risk monitoring and controlling
• C.Risk identification
• D.Risk analysis

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An organization maintains independent departmental risk registers that are not automatically aggregated.
Which of the following is the GREATEST concern?

• A.Multiple risk treatment efforts may be initiated to treat a given risk
• B.Resources may be inefficiency allocated
• C.Management may be unable to accurately evaluate the risk profile
• D.The same risk factor may be identified in multiple areas

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What are the requirements of effectively communicating risk analysis results to the relevant stakeholders?
Each correct answer represents a part of the solution. Choose three.

• A.The results should be reported in terms and formats that are useful to support business decisions
• B.Communicate only the negative risk impacts of events in order to drive response decisions
• C.Communicate the risk-return context clearly
• D.Provide decision makers with an understanding of worst-case and most probable scenarios

Correct Answer: A,C,D

Explanation/Reference:
Explanation:
The result of risk analysis process is being communicated to relevant stakeholders. The steps that are involved in communication are:
The results should be reported in terms and formats that are useful to support business decisions.

Coordinate additional risk analysis activity as required by decision makers, like report rejection and

scope adjustment.
Communicate the risk-return context clearly, which include probabilities of loss and/or gain, ranges, and

confidence levels (if possible) that enable management to balance risk-return.
Identify the negative impacts of events that drive response decisions as well as positive impacts of

events that represent opportunities which should channel back into the strategy and objective setting process.
Provide decision makers with an understanding of worst-case and most probable scenarios, due

diligence exposures and significant reputation, legal or regulatory considerations.
Incorrect Answers:
B: Both the negative and positive risk impacts are being communicated to relevant stakeholders. Identify the negative impacts of events that drive response decisions as well as positive impacts of events that represent opportunities which should channel back into the strategy and objective setting process.

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In the project initiation phase of System Development Life Cycle, there is information on project initiated by which of the following role carriers?

• A.CRO
• B.Sponsor
• C.Business management
• D.CIO

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One of the risk events you've identified is classified as force majeure. What risk response is likely to be used?

• A.Acceptance
• B.Transference
• C.Enhance
• D.Mitigation

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