You are the project manager of a large construction project. Part of the project involves the wiring of the electricity in the building your project is creating. You and the project team determine the electrical work is too dangerous to perform yourself so you hire an electrician to perform the work for the project. This is an example of what type of risk response?

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

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

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Kelly is the project manager of the BHH project for her organization. She is completing the risk identification process for this portion of her project. Which one of the following is the only thing that the risk identification process will create for Kelly?

• A.Risk register
• B.Change requests
• C.Project document updates
• D.Risk register updates

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Linda is the project manager of the NAB Project. One of the risks her project team has identified is too dangerous for the project team to manage internally so she has hired a vendor to complete this portion of the project and to manage the identified risk. What risk response has Linda used in this instance?

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

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You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project's cost management plan. Why is it necessary to include the project's cost management plan in the preparation for the quantitative risk analysis process?

• A.The project's cost management plan provides control that may help determine the structure for quantitative analysis of the budget.
• B.The project's cost management plan can help you to determine what the total cost of the project is allowed to be.
• C.The project's cost management plan is not an input to the quantitative risk analysis process.
• D.The project's cost management plan provides direction on how costs may be changed due to identified risks.

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