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How should a professional risk manager manage the risks in such situations?
A company in the mining industry accommodates a lot of innovation and changing work conditions. Because of this, the company experiences difficulty in predicting long term business plans. How should a professional risk manager manage the risks in such situations?A . Adopt a predictive approach to manage the risks. B....
Which type of analysis should the project manager use in this instance?
A project manager is developing the risk register and works with the team to analyze risks and determine their probability and impact. There is valuable historical data available that may be used to simulate the overall risk outcome. Which type of analysis should the project manager use in this instance?A...
What two actions should the risk manager do next?
A new risk manager has been hired on a project and meets with the project director. The project director supplies the project's risk register and asks the risk manager for an analysis of its effectiveness. What two actions should the risk manager do next? (Choose two.)A . Check to ensure...
What should the project risk manager monitor closely?
A project has a significant impact on an organization. Multiple stakeholders expressed concerns regarding the overall project risk during construction of the risk management plan, and they agreed that the risk appetite is low. What should the project risk manager monitor closely?A . Risk thresholds B. Risk response strategies C....
What is the expected outcome of developing the risk management plan?
A project manager has just been assigned to a new project. The project manager has been tasked by the project sponsor to ensure the project risks are closely managed. The project manager starts with developing the risk management plan. What is the expected outcome of developing the risk management plan?A...
What two items should the risk manager have their team review in order to prepare for an upcoming risk identification workshop?
A risk manager was recently hired to assist with a mid-sized infrastructure project. The risk manager becomes aware that they have an inexperienced project team. What two items should the risk manager have their team review in order to prepare for an upcoming risk identification workshop? (Choose two.)A . Scope...
What should the project manager do next?
Stakeholder deliverable reviews will start soon and additional work is expected to resolve any issues or required adjustments. Budget overruns during execution have put serious constraints on the remainder of the project's budget. What should the project manager do next?A . Request a budget relief using the management reserve. B....
What should the project team do next?
A project manager is educating the project team on risk management regarding the role of threats and opportunities. The team decides to log the opportunities in the current project's risk register to try to maximize their chances of occurrence. What should the project team do next?A . Conduct a strengths,...
A project manager is assigned to a new project and is told they need to develop the project's risk register. When should the project manager identify the project risks?
A project manager is assigned to a new project and is told they need to develop the project's risk register. When should the project manager identify the project risks?A . Identify risks only at the project's midpoint for the stakeholders to review them B. Ensure project team members proactively identify...
How will the risk manager accomplish this?
The risk manager of a major project needs to ensure the organizational process assets (OPAsj are updated as a result of risk management activities. How will the risk manager accomplish this?A . Ensuring that the project sponsor is kept well-informed B. Arranging periodic risk: management process audits C. Communicating the...
