In what portion of a project are risk and opportunities greatest and require intense planning and anticipation of risk events?

• A.Initiating
• B.Executing
• C.Planning
• D.Closing

Comment: *

Name: *

Email: *

Verification: *

Gary is the project manager for his organization. He is working with the project stakeholders on the project requirements and how risks may affect their project. One of the stakeholders is confused about what constitutes risks in the project. Which of the following is the most accurate definition of a project risk?

• A.It is an uncertain event that can affect the project costs.
• B.It is an uncertain event or condition within the project execution.
• C.It is an uncertain event that can affect at least one project objective.
• D.It is an unknown event that can affect the project scope.

Comment: *

Name: *

Email: *

Verification: *

A new resource is added to the project team from a matrix organization. How should the project's risk manager familiarize the new team member with the project's risk management process?

• A.The functional manager is responsible for providing the training.
• B.Provide project specific risk training and mentor through the risk process.
• C.Send the new team member the risk management plan to read.
• D.Provide the new team member with a copy of the risk register and latest status report.

Comment: *

Name: *

Email: *

Verification: *

A race director is planning a marathon with US$80,000 in upfront costs that will be offset by race fees. The remainder of the funds will be donated to a national charity. State law mandates that all money paid by the participants must be refunded if the race is cancelled for any reason.
Which of the following is the best example of a risk mitigation response?

• A.Let the runners know the race will be cancelled only in the event of an emergency.
• B.Charge the runners an additional amount to cover the US$80,000.
• C.Purchase an insurance policy covering up to US$85,000 in losses, at a cost of US$5,000, in the event the race is cancelled.
• D.Inform the charity that they will receive no funds should the race be cancelled.

Comment: *

Name: *

Email: *

Verification: *

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complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated.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 analysis
• B.Risk monitoring and controlling
• C.Risk planning
• D.Risk identification

Comment: *

Name: *

Email: *

Verification: *