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How should the project manager address this concern?
Several key stakeholders approach the project manager with concerns. The stakeholders have received feedback from local businesses that have reported a reduction in customers because of construction activities at the worksite, and they plan to submit a claim to the municipality to fine the project manager's company. How should the...
What should the risk manager do with this risk?
A risk manager is managing risks in a project. During the initial stages of project execution, a new risk is identified. There is a very small chance that this risk will occur and even if it occurs, the impact would be low. What should the risk manager do with this...
What should the risk management professional do next?
A risk management professional is currently facilitating the risk planning process with the project team. To increase the breadth of considered risks, the team wants to include high-level and strategic project risks. What should the risk management professional do next?A . Perform a sensitivity analysis to the higher-level aggregate activitiesB...
What should the project manager do first?
The project manager is reviewing the lessons learned from a previous similar project. The previous project was delayed due to the delay in delivery of a gas turbine generator (GTG). Construction of the previous project had to be shut down unexpectedly to wait for the late delivery of the GTG...
What should the risk manager do?
A risk manager is managing risks of a mission critical application. A subject matter expert (SME) asks the risk manager to treat every single risk identified as an extremely high priority . What should the risk manager do?A . Ask the project sponsor if every risk in the risk register...
What should the project manager do to evaluate and select the best option based on costs and probabilities?
A mega facility development project is evaluating some options to achieve the project schedule and budget. Each option's success is driven by multiple quantifiable factors. What should the project manager do to evaluate and select the best option based on costs and probabilities?A . Perform a FMECA fault tree analysisB...
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...
When presenting their work to management, on what areas should the risk manager focus?
A risk manager is confident that they have identified and quantified the risks and opportunities for a project. When presenting their work to management, on what areas should the risk manager focus? (Choose two.)A . Risks that are tied to the success of the organizationB . Risks as they apply...
What does this result imply?
The project manager performed' a variance analysis on the project during the execution phase. The variances were shown as increasing What does this result imply?A . The uncertainty and risk are increasing.B . The project schedule is lagging behind.C . There is no potential for future deviation.D . The project...
What two factors does the risk manager need to consider to ensure an effective risk management plan is developed?
A risk manager of a major project facilitates a meeting to develop the risk management plan . What two factors does the risk manager need to consider to ensure an effective risk management plan is developed? (Choose two.)A . Applying modern risk management techniques.B . Aligning to project constraints and...
