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What is the first thing the risk manager should do?
A risk manager notices that a risk owner is facing challenges implementing their response strategy and the costs are significantly exceeding expectations. What is the first thing the risk manager should do?A . Highlight this situation to the project manager B. Conduct a cost-benefit analysis C. Change the risk response...
What is the current project risk exposure?
An IT project is 40% complete. During the initial analysis, risks A and B were identified for the project. Risk A has a probability of 0.6 and an impact of US$50.000. Risk B has a probability of 0.7 and an impact of USS60.000. After implementing the planned risk response for...
What should the project manager do to ensure the P90 date is met?
The project’s customer has stated the project must be completed by a date indicated as the P90 date established on the Monte Carlo analysis. What should the project manager do to ensure the P90 date is met?A . Update the assumptions/exclusions register B. Hire more resources and crash the schedule...
What process is this part of?
A project manager is working on a complex construction project. During the risk identification process, hundreds of risks were identified. The team seems to be confused regarding on which risks to focus. The project manager advises the team to go ahead and start assessing the likelihood and impact of each...
What should the project manager do regarding those risks?
The project sponsor asks the project manager about the accuracy of the project data. The project manager realizes that some risks have not been updated recently. What should the project manager do regarding those risks?A . Review the assumptions analysts B. Conduct a checklist analysis on each risk C. Create...
What action should the risk manager propose?
The project manager wants to use an objective method to evaluate the key project risks and develop response plans. What action should the risk manager propose?A . Ask the team to perform an earned value analysis. B. Review the lessons learned from other projects. C. Ask the team to prepare...
A new risk manager is assigned to an ongoing project, what should the new risk manager dofirst to assess the project environment?
A new risk manager is assigned to an ongoing project, what should the new risk manager dofirst to assess the project environment?A . Review potential next steps with the project team. B. Review the scope of work to determine the prescribed project methodology. C. Review the policies and practices that...
What are two options the risk manager should consult for the analysis?
The project team has correctly identified, assessed, and planned responses for a project's risks. The risk manager is required to prepare a quarterly report on the performance of managing the risks. What are two options the risk manager should consult for the analysis? (Choose two.)A . Proximity dales for open...
What should the project manager do next?
While implementing the risk response plan for a previously identified risk, some secondary risks were identified but not captured on the risk register. The project manager decided to review the risk management plan to ensure this does not happen for future, similar situations. What should the project manager do next?A...
After performing a detailed analysis, what should the risk manager do?
A supplier Is delayed in delivering fuel for a project. The project manager anticipated this risk and is requesting fuel from another supplier. When speaking with the other supplier, a new risk appears because fulfilling the order will cause delays with several other projects. After performing a detailed analysis, what...
