Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes. What is the primary advantage to group risks by common causes during qualitative risk analysis?

• A.It can lead to the creation of risk categories unique to each project.
• B.It saves time by collecting the related resources, such as project team members, to analyze the risk events.
• C.It helps the project team realize the areas of the project most laden with risks.
• D.It can lead to developing effective risk responses.

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A project manager must have certain interpersonal skills to communicate with stakeholders and manage their expectations of the project work. Which of the following interpersonal skills has been identified as one of the biggest reasons for project success or failure?

• A.Motivation
• B.Communication
• C.Political and cultural awareness
• D.Influencing

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A well established project begins to experience cost overruns and falls behind schedule. The project risk register identifies many risks and risk response plans in place, yet many risks are transitioning into issues. As the risks occur and become issues, many of the response plans are in progress, but not complete. The data from this graph represents the status of the project risks.

Based on this information, what improvement to the risk management process is required?

• A.Increase the project risk identification and analysis.
• B.Improve the risk analysis to better define root causes.
• C.Transition to an issue management program and close the remaining open risks.
• D.Review remaining risk response plans and invest in schedule quality improvements.

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Amy is the project manager for her company. In her current project the organization has a very low tolerance for risk events that will affect the project schedule. Management has asked Amy to consider the affect of all the risks on the project schedule. What approach can Amy take to create a bias against risks that will affect the schedule of the project?

• A.She can shift risk-laden activities that affect the project schedule from the critical path as much as possible.
• B.She can filter all risks based on their affect on schedule versus other project objectives.
• C.She can have the project team pad their time estimates to alleviate delays in the project schedule.
• D.She can create an overall project rating scheme to reflect the bias towards risks that affect the project schedule.

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You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk analysis process for your project. You can use three available tools and techniques to complete this process. Which one of the following is NOT a tool or technique that is appropriate for the quantitative risk analysis process?

• A.Quantitative risk analysis and modeling techniques
• B.Expert judgment
• C.Organizational process assets
• D.Data gathering and representation techniques

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