You are the project manager in your enterprise. You have identified risk that is noticeable failure threatening the success of certain goals of your enterprise. In which of the following levels do this identified risk exists?

• A.Moderate risk
• B.High risk
• C.Extremely high risk
• D.Low risk

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Which of the following is the MOST important consideration when selecting key risk indicators (KRIs) to monitor risk trends over time?

• A.Ability to aggregate data
• B.Ability to predict trends
• C.Availability of automated reporting systems
• D.Ongoing availability of data

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You are the project manager of GRT project. You discovered that by bringing on more qualified resources or by providing even better quality than originally planned, could result in reducing the amount of time required to complete the project. If your organization seizes this opportunity it would be an example of what risk response?

• A.Enhance
• B.Exploit
• C.Accept
• D.Share
• E.Explanation:
  Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities forpositive impact on a project. Assigning more talented resources to the project to reduce the time to completion is an example of exploit response.

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Periodically reviewing and updating a risk register with details on identified risk factors PRIMARILY helps to:

• A.provide a current reference to stakeholders for risk-based decisions.
• B.minimize the number of risk scenarios for risk assessment.
• C.aggregate risk scenarios identified across different business units.
• D.build a threat profile of the organization for management review.

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When developing risk scenario using a list of generic scenarios based on industry best practices, it is MOST imported to:

• A.Assess generic risk scenarios with business users.
• B.Validate the generic risk scenarios for relevance.
• C.Identify common threats causing generic risk scenarios
• D.Select the maximum possible risk scenarios from the list.

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