A project team member identifies, but does not document, a risk early in the project, because it is considered to be trivial. This risk occurs later and negatively impacts the project.
What could the project manager do to avoid this situation?

• A.Provide project team members with access to simulation tools and decision tree diagrams.
• B.Conduct team meetings early in the project to ensure team member are familiar with risk identification requirements.
• C.Provide team members with a risk management prompt list early in the project to ensure risks are not missed.
• D.Communicate the punishment and rewards policy to the project team during the project kick-off meeting.

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

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Sam is the project manager of a construction project in south Florida. This area of the United States is prone to hurricanes during certain parts of the year. As part of the project plan Sam and the project team acknowledge the possibility of hurricanes and the damage the hurricane could have on the project's deliverables, the schedule of the project, and the overall cost of the project. Once Sam and the project stakeholders acknowledge the risk of the hurricane they go on planning the project as if the risk is not likely to happen. What type of risk response is Sam using?

• A.Avoidance
• B.Active acceptance
• C.Passive acceptance
• D.Mitigation

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The risk transference is referred to the transfer of risks to a third party, usually for a fee, it creates a contractual-relationship for the third party to manage the risk on behalf of the performing organization. Which one of the following is NOT an example of the transference risk response?

• A.Warranties
• B.Life cycle costing
• C.Use of insurance
• D.Performance bonds

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You are the project manager of the HJU project for your company. This project will last for 18 months and has a project budget of $567,000. Robert, one of your stakeholders, has introduced a scope change request that will likely have an impact on the project costs and schedule. Robert assures you that he will pay for the extra time and costs associated with the risk event. You tell Robert that the change request may affect more areas of the project than just time and cost and that you are worried about the additional risks the change request will bring. What project management component is responsible for evaluating a change request and its impact on all of the project management knowledge areas?

• A.Risk analysis
• B.Integrated change control
• C.Project change control system
• D.Configuration management

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