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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...
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...
