Question 1

Some issues and unexpected results were found after completing the first phase of a project. The project team is planning the next phase and team members want to avoid the previous issues. What should the risk manager do to avoid the previous issues?

Options :

A : Use the information for a risk workshop.

B : Improve monitoring and controlling of activities.

C : Document the issues in the lessons learned.

D : Create an issue log to share with the team.

Answer: A

Question 2

A risk manager monitors risks on a medium-sized project by collecting inputs and data from individual project team members. What output is produced by the risk manager after analyzing the information they receive?

Options :

A : Updated probability and impact matrix

B : Updated risk register

C : Updated mitigation plans

D : Updated project schedule

Answer: B

Question 3

A risk manager has been assigned to a new project and learns that stakeholders and project team members are spread across multiple time zones. Furthermore, many project team members have not worked together in the past. These items are identified as potential risks and added to the risk register. How should the risk manager improve collaboration during risk planning?

Options :

A : Gather risk information from all parties and compile all submissions into a strength, weaknesses, opportunities, and threats (SWOT) analysis template.

B : Create a repository for project documents and related artifacts that can be accessed by all parties.

C : Communicate program metrics to all parties and create a scorecard to measure the effectiveness.

D : Work with the project manager to develop a start-up workshop and colocate the team if permitted.

Answer: D

Question 4

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.)

Options :

A : Proximity dales for open risks

B : Backlog of change orders to be submitted to client

C : Risks that have materialized and the overall risk profile

D : Number of schedule baseline changes approved

E : Risks due to the number of claims submitted to the client

Answer: A,C

Question 5

A risk manager has identified multiple risks in an innovation project and needs to prioritize the use of resources to respond to the risks. Which analysis will help the risk manager in this situation?

Options :

A : Sensitivity analysis

B : Qualitative analysis

C : Statistical analysis

D : Impact analysis

Answer: B

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