You are the project manager of the NHQ project for your company. Management has told you that you must implement an agreed upon contingency response if the Cost Performance Index in your project is less than
0.90. Consider that your project has a budget at completion of $250,000 and is 60 percent complete. You are scheduled to be however, 75 percent complete, and you have spent $165,000 to date. What is the Cost Performance Index for this project to determine if the contingency response should happen?

• A.0.91
• B.0.88
• C.0.80
• D.-$37,500

Comment: *

Name: *

Email: *

Verification: *

Gary has identified a project risk that could injure project team members. He does not want to accept any risk where someone could become injured on this project so he hires a professional vendor to complete this portion of the project work. This workaround to the risk event is known as what type of risk response?

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

Comment: *

Name: *

Email: *

Verification: *

You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?

• A.Risks with low probability and low impact are recorded in a watchlist for future monitoring.
• B.All risks, regardless of their assessed impact and probability, are recorded in the risk log.
• C.Risk identification is an iterative process so any changes to the low probability and low impact risks will be reassessed throughout the project life cycle.
• D.All risks are recorded in the risk management plan.

Comment: *

Name: *

Email: *

Verification: *

Which of the following are examples of relevant data gathering tools?

• A.Risk response plan and interviews
• B.Questionnaires and historical data
• C.Work breakdown structure an historical data
• D.Work breakdown structure and interviews

Comment: *

Name: *

Email: *

Verification: *

You are the project manager of the BJA Project for your company. Management is worried about one of the identified risks in your project. The risk event has a probability of 90 percent and a cost impact of $85,000.
Management and you discuss possible solutions to address the risk. You share with them that for $75,000 you can reduce the probability of the risk event to 15 percent and the impact to $25,000. This solution will add three weeks to the project schedule. Management thinks this is a good idea and they would like you to add the time and cost additions to your project plan. What type of risk response is used?

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

Comment: *

Name: *

Email: *

Verification: *