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Which response should the risk manager take?
The project director and project manager have met with the board and determined that the project has depleted the entire contingency reserve and has started eroding the profit margin. The project manager would like the risk manager to take full advantage of opportunities. Which response should the risk manager take?A...
What should the project risk manager do next to identify risks?
The project risk manager is in the process of identifying risks. The project sponsor has communicated that there is an influential stakeholder who has a senior management position. The other stakeholders do not feel comfortable speaking in front of this stakeholder. What should the project risk manager do next to...
Which risk identification technique should the risk manager use?
A project manager has requested a risk manager facilitate risk identification on a project. While facilitating this effort, the project manager wants to ensure that stakeholders interact and provide their expertise so that an exhaustive list of risks is created. Which risk identification technique should the risk manager use?A ....
What three artifacts should the project manager consult or review during this process?
A project lihat was in the execution phase for the last six months was put on hold and was eventually cancelled after numerous scope related challenges. It was decided to re-plan the scope and divide the project into multiple projects to have better insight into end objectives. As part of...
What are two potential threats or opportunities under the SWOT analysis?
The project manager leading a company's digital signature initiative for engineering drawingshas identified threats and opportunities using a strengths, weaknesses, opportunities, and threats (SWOT) analysis. What are two potential threats or opportunities under the SWOT analysis? (Choose two.)A . The management team agreeing to include more resource for the digital...
When conducting a risk identification exercise, what two actions should the risk manager take? (Choose two.)
When conducting a risk identification exercise, what two actions should the risk manager take? (Choose two.)A . Request a contingency reserve from management B. Arrange a team meeting, review the project's scope, and discuss dependency mapping C. Ensure participants review relevant documents before attending the meeting D. Ensure that all...
How should the project manager handle this situation?
At an oil and gas company, a major unified management information system is to be implemented. The project manager noted that risks gathered from the organization's business functions are not properly identified and categorized, making it difficult to develop an effective risk response. How should the project manager handle this...
What is the first action for the project risk manager to take?
An organization faces immense competition in the market and decides 10 accelerate a key project. What is the first action for the project risk manager to take?A . Ensure sufficient resources are available B. Revise the risk management plan C. Update the risk register D. Meet with the project's stakeholdersView...
What should the team perform in this scenario?
The project team is updating the risk register with the minimum acceptable level of exposure and impact for each risk. The team also wants to determine if they have reached the maximum level of exposure before they escalate the risk. What should the team perform in this scenario?A . Quantitative...
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...
