Joyce is the project manager for her company. Joyce and her project team are working through the quantitative analysis for certain risk events within her project. According to the enterprise environmental factors the project manager is to perform sensitivity analysis on any risk with an impact greater than $5,000 in the project. What is the sensitivity analysis?

• A.It uses rounds of anonymous surveys to predict probability and impact.
• B.It determines possible combinations of risk events to predict overall project success, failure, or probability of achieving project objectives.
• C.It uses round of anonymous surveys to predict which events are most likely to happen.
• D.It determines which risk events have the most potential impact on the project.

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A risk has been identified in a multi-functional project. The project manager decides to take no action.
What type of response is this considered?

• A.Procrastination
• B.Exploitation
• C.Acceptance
• D.Avoidance

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Which risk response is acceptable for both positive and negative risk events?

• A.Enhancing
• B.Transferring
• C.Sharing
• D.Acceptance

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You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project.
Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?

• A.Mitigation-ready project management
• B.Risk avoidance
• C.Risk-reward mentality
• D.Risk utility function

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You are the project manager for TTP project. You are in the Identify Risks process. You have to create the risk register. Which of the following are included in the risk register? Each correct answer represents a complete solution. Choose two.

• A.List of potential responses
• B.List of identified risks
• C.List of key stakeholders
• D.List of mitigation techniques

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