Stephen is the project manager of the GBB project. He has worked with two subject matter experts and his project team to complete the risk assessment technique. There are approximately 47 risks that have a low probability and a low impact on the project. Which of the following answers best describes what Stephen should do with these risk events?

• A.The low probability and low impact risks should be added to awatchlist for future monitoring.
• B.The low probability and low impact risks should be added to the risk register.
• C.Because they are low probability and low impact, Stephen should accept the risks.
• D.Because they are low probability and low impact, the risks can be dismissed.

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What are common examples used to communicate risk probability and impact?

• A.Monitor Risks process, multi-dimensional risk assessment, control chart, and Monte Carlo simulation
• B.Probability distributions, sensitivity analysis, modeling and simulation, and probability and impact matrix
• C.Monitor Risks process, assumption and constraint analysis, modeling and simulation, and risk register
• D.Risk checklist, risk assessment, regression analysis, and assumption and constraint analysis.

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Which tool can the project risk manager utilize to help identify and assess project risks?

• A.Risk surveys
• B.Risk manager interviews
• C.Risk sensitivity surveys
• D.Risk audit

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You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. Which of the following inputs will be needed for the qualitative risk analysis process in your project? Each correct answer represents a complete solution. Choose all that apply.

• A.Cost management plan
• B.Risk register
• C.Organizational process assets
• D.Project scope statement

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Frank is the project manager of the NHQ project for his company. Frank is working with the project team, key stakeholders, and several subject matter experts on risks dealing with the new materials in the project.
Frank wants to utilize a risk analysis method that will help the team to make decisions in the presence of the current uncertainty surrounding the new materials. Which risk analysis approach can Frank use to create an approach to make decisions in the presence of uncertainty?

• A.Qualitative risk analysis process
• B.Quantitative risk analysis process
• C.Delphi Technique
• D.Monte Carlo Technique

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