You are the project manager for your company and a new change request has been approved for your project.
This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project.
You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?

• A.Risk register
• B.Risk log
• C.Project management plan
• D.Risk management plan

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You are working in an enterprise. You enterprise is willing to accept a certain amount of risk. What is this risk called?

• A.Hedging
• B.Aversion
• C.Appetite
• D.Tolerance
• E.Explanation:
  Risk appetite considers the qualitative and quantitative aspects of accepting risks in an organization. The term refers to the type of risks the organization is willing to pursue, as well as amount of risk and the level of risk. Risk appetite is the amount of risk a company or other entity is willing to accept in pursuit of its mission. This is the responsibility of the board to decide risk appetite of an enterprise. When considering the risk appetite levels for the enterprise, the following two major factors should be taken into account: The enterprise's objective capacity to absorb loss, e.g., financial loss, reputation damage, etc. The culture towards risk taking-cautious or aggressive. In other words, the amount of loss the enterprise wants to accept in pursue of its objective fulfillment.

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There are four inputs to the Monitoring and Controlling Project Risks process. Which one of the following will NOT help you, the project manager, to prepare for risk monitoring and controlling?

• A.Risk register
• B.Work Performance Information
• C.Project management plan
• D.Change requests

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You work as a Project Manager for www.company.com Inc. You have to measure the probability, impact, and risk exposure. Then, you have to measure how the selected risk response can affect the probability and impact of the selected risk event. Which of the following tools will help you to accomplish the task?

• A.Project network diagrams
• B.Delphi technique
• C.Decision tree analysis
• D.Cause-and-effect diagrams

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You are working in an enterprise. Your enterprise is willing to accept a certain amount of risk. What is this risk called?

• A.Hedging
• B.Aversion
• C.Appetite
• D.Tolerance

Comment: *

Name: *

Email: *

Verification: *