Which of the following decision tree nodes have probability attached to their branches?

• A.Root node
• B.Event node
• C.End node
• D.Decision node
• E.Explanation:
  Event nodes represents the possible uncertain outcomes of a risky decision, with at least two nodes to illustrate the positive and negative range of events. Probabilities are always attached to the branches of event nodes.

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You are a project manager for your organization and you're working with four of your key stakeholders. One of the stakeholders is confused as to why you're not discussing the current problem in the project during the risk identification meeting. Which one of the following statements best addresses when a project risk actually happens?

• A.Project risks are uncertain as to when they will happen.
• B.Risks can happen at any time in the project.
• C.Project risks are always in the future.
• D.Risk triggers are warning signs of when the risks will happen.
• E.Explanation:
  According to the PMBOK, a project risk is always in the future. If the risk event has already
  happened, then it is an issue, not a risk.
• F.is incorrect. You can identify risks before they occur and not after their occurrence.

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After mapping generic risk scenarios to organizational security policies, the NEXT course of action should be to:

• A.perform a risk analysis on the risk scenarios.
• B.record risk scenarios in the risk register for analysis.
• C.validate the risk scenarios for business applicability.
• D.reduce the number of risk scenarios to a manageable set.

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You are completing the qualitative risk analysis process with your project team and are relying on the risk management plan to help you determine the budget, schedule for risk management, and risk categories. You discover that the risk categories have not been created. When the risk categories should have been created?

• A.Define scope process
• B.Risk identification process
• C.Plan risk management process
• D.Create work breakdown structure process

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Which of the following is the MOST important aspect to ensure that an accurate risk register is maintained?

• A.Publish the risk register in a knowledge management platform with workflow features that periodically contacts and polls risk assessors to ensure accuracy of content
• B.Perform regular audits by audit personnel and maintain risk register
• C.Submit the risk register to business process owners for review and updating
• D.Monitor key risk indicators, and record the findings in the risk register
• E.Explanation:
  A knowledge management platform with workflow and polling feature will automate the process of maintaining the risk registers. Hence this ensures that an accurate and updated risk register is maintained.

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