What steps would be used during the qualitative risk analysis process to provide input to the risk register? A. Select risks characteristic, collect and analyze data, prioritize risks, categorize risks causes, document results B. Interviews, expert opinions, sponsor inputs, risk…
Which of the following best describes the strength of the probability and impact matrix for qualitative risk analysis? A. It is well-suited to a decision tree analysis. B. It assists in handling other factors such as urgency and manageability that…
A project manager is creating a risk management plan, but participants in a group meeting are hesitant to express their concerns. What will encourage participants to offer their opinions? A. Brainstorming B. Monte Carlo simulation C. Interviews D. Nominal group…
The sponsor hires a program manager as a consultant to evaluate a change program currently underway. The leading program manager tells the consultant that the program, currently in the execution phase, is in good standing, and detailed plans are available…
The project manager schedules a third workshop to facilitate the qualitative risk analysis. One team member complains that they should not have iterative meetings, but rather, should complete this at the beginning of the project. Which of the following should…
In the country where a project is being executed, customs procedures are complex and change frequently. During the risk identification process, the project team identifies a risk related to delays in customs on substantial equipment that will likely occur. Equipment…
The expected monetary value of a project is above US$1 million. The risk manager is concerned about this situation, and decides to review the related plans and processes to evaluate the degree of variation from the baseline. Next, the risk…
Which of the following templates may be included in the risk management plan? A. Formal structure for a risk statement B. Work performance report C. Structure for a SWOT diagram D. Formal brainstorming list
Which of the following success factors will enhance the Perform Qualitative Risk Analysis process as the risk occurrence gets closer? A. Agreed-upon definition B. Iterative analysis C. High quality information D. Agreed-upon approach
A stakeholder is asked to approve additional funding to implement a risk response plan. However, the stakeholder is unsure of the amount that could be approved without escalation. Where should the stakeholder look to determine the amount that can be…