- All Exams Instant Download
What recommendation should the risk manager make to the project manager?
The risk manager conducted an updated Monte Carlo simulation for the project at the end of a phase. The simulation reveals a key activity is now on the critical path. What recommendation should the risk manager make to the project manager?A . Add more float to the key activityB ....
With several different historical project files to choose from, which two pieces of information should the project manager include in their risk checklist?
A project manager is identifying risks on a project and decides to use a risk checklist to gather historical data accumulated from similar projects. With several different historical project files to choose from, which two pieces of information should the project manager include in their risk checklist? (Choose two.)A ....
What two actions should the risk owner take?
A certain risk is identified for a major project, and the risk response is planned. However, the analysis reveals a high probability for a secondary risk which will be tolerated based on the organization's risk thresholds. The secondary risk is subsequently registered. During project execution, the primary risk occurs, the...
What is the project manager performing in this situation?
A project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work . What is the project manager performing in this situation?A . Risk mitigationB . Risk transferC . Risk acceptanceD . Risk avoidanceView AnswerAnswer: B Explanation: By...
What should the project manager do?
The project team recorded a risk in the risk register indicating that weather-related delays may impact equipment delivery during project execution. When it is time to request the equipment shipment there is bad weather, but the client wants the equipment delivered anyway . What should the project manager do?A ....
Why should the risk management professional use this approach?
A risk management professional is in the process of categorizing risks when a subject matter expert (SME) suggests categorizing the risks by their impact to the project objectives . Why should the risk management professional use this approach?A . To enable the team in identifying the specific causes of risks...
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...
Which is the first element the risk owner should look for in the response plan to help mitigate the risks?
After a number of risk workshops, risks have been identified . Which is the first element the risk owner should look for in the response plan to help mitigate the risks?A . Probability of a response triggering a secondary riskB . How the response will affect the quality of the...
How should the project manager handle stakeholder expectations?
A project manager has been assigned to a project that is just starting. The organization has a very low risk appetite towards this project due to constraints on budget and schedule. The project stakeholders are very engaged on the project and want to ensure that there is clear visibility on...
How should the project manager address this concern with the health authorities?
In a project to promote public health and mitigate health risks, the national health authorities intend to take actions to limit the risks of harmful insects by using pesticides; however, it is expected that some residents will have negative health effects due to the use of the pesticides but according...
