You are the project manager for the NHQ Project. This project requires that you install 140 copies of design software onto your department's computers. The vendor offers you a twenty percent discount on the software if your company will purchase 150 or more copies of the software. You communicate this offer with other departments in your firm to see if anyone else would need 10 copies of the software to save your project a significant amount of funds. What is this risk response called?

• A.Exploiting
• B.Sharing
• C.Avoidance
• D.Transference

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You are working with the project stakeholders to analyze and prioritize their requirements for the project. One of the project requirements is to achieve a high-level of customer satisfaction for the project deliverable. What is the danger in this project requirement?

• A.Achieving customer satisfaction is a subjective requirement and entails a high level of risk of being successfully accomplished.
• B.Achieving customer satisfaction should always map to the quality requirements for the project.
• C.Achieving customer satisfaction is a risk as the project manager cannot control how satisfied the customer will be with the project deliverables.
• D.Achieving customer satisfaction is an assumption and should be documented in the project scope.

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Gary is the project manager for his project. He and the project team have completed the qualitative risk analysis process and are about to enter the quantitative risk analysis process when Mary, the project sponsor, wants to know what quantitative risk analysis will review. Which of the following statements best defines what quantitative risk analysis will review?

• A.The quantitative risk analysis reviews the results of risk identification and prepares the project for risk response management.
• B.The quantitative risk analysis seeks to determine the true cost of each identified risk event and the probability of each risk event to determine the risk exposure.
• C.The quantitative risk analysis process will review risk events for their probability and impact on the project objectives.
• D.The quantitative risk analysis process will analyze the effect of risk events that may substantially impact the project's competing demands.

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You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to use the new materials can also be known as what term?

• A.Cost of conformance to quality
• B.Cost-benefits analysis
• C.Benchmarking
• D.Team development

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You work as the project manager for Bluewell Inc. There has been a delay in your project work that is adversely affecting the project schedule. You decide, with your stakeholders' approval, to fast track the project work to get the project done faster. When you fast track the project, what is likely to increase?

• A.Quality control concerns
• B.Human resource needs
• C.Risks
• D.Costs

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