David is the project manager of the NKL Project for his organization. He has been asked to create a proposal for a construction project for a client. David realizes that there are several requirements within the SOW and RFP provided by the client that would eliminate his company from bidding on the construction project. David proposed to management that his organization create a partnership with a competitor so that together they could bid on the construction project and qualify for the customer's requirements. What risk response is David proposing to management?

• A.Transference
• B.Sharing
• C.Teaming agreement
• D.Exploiting

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You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project in this scenario?

• A.Quantitative risk analysis does not happen through the project manager in a functional structure.
• B.You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
• C.You will need the risk register, risk management plan, cost management plan, schedule management plan, and any relevant organizational process assets.
• D.You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.

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Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States. Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window units in time for the project's deadline. Management asked Harry to find a supplier who can fulfill the completion of the windows by the needed date in the schedule. What risk response has management asked Harry to implement?

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

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Lamont is the project manager of a project that has recently finished the final project deliverables. The project customer has signed off on the project deliverable and Lamont has a few administrative closure activities to complete. In the project, there were several large risks that could have wrecked the project but Lamont and his project team found some creative methods to resolve the risks without affecting the project costs or project end date. What should Lamont do with the risk responses he identified during the project's monitoring and controlling process?

• A.Include the risk responses in the organization's lessons learned database.
• B.Nothing. The risk responses are included in the project's risk register already.
• C.Include the responses in the project management plan.
• D.Include the risk response in the project risk management plan.

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Fred is the project manager of a large project in his organization. Fred needs to begin planning the risk management plan with the project team and key stakeholders. Which plan risk management process tool and technique should Fred use to plan risk management?

• A.Data gathering and representation techniques
• B.Planning meetings and analysis
• C.Information gathering techniques
• D.Variance and trend analysis

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