Marie has identified a risk event in her project that needs a mitigation response. Her response actually creates a new risk event that must now be analyzed and planned for. What term is given to this newly created risk event?

• A.Residual risk
• B.Secondary risk
• C.Infinitive risk
• D.Populated risk

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A risk practitioner is preparing a report to communicate changes in the risk and control environment. The BEST way to engage stakeholder attention is to:

• A.publish the report on-demand for stakeholders.
• B.include a summary linking information to stakeholder needs,
• C.include detailed deviations from industry benchmarks,
• D.include a roadmap to achieve operational excellence,

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Which of the following is NOT true for Key Risk Indicators?

• A.They are selected as the prime monitoring indicators for the enterprise
• B.They help avoid having to manage and report on an excessively large number of risk indicators
• C.The complete set of KRIs should also balance indicators for risk, root causes and business impact.
• D.They are monitored annually

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You are elected as the project manager of GHT project. You have to initiate the project. Your Project request document has been approved, and now you have to start working on the project. What is the FIRST step you should take to initialize the project?

• A.Conduct a feasibility study
• B.Acquire software
• C.Define requirements of project
• D.Plan project management

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Mary is the project manager for the BLB project. She has instructed the project team to assemble, to review the risks. She has included the schedule management plan as an input for the quantitative risk analysis process. Why is the schedule management plan needed for quantitative risk analysis?

• A.Mary will schedule when the identified risks are likely to happen and affect the project schedule.
• B.Mary will utilize the schedule controls and the nature of the schedule for the quantitative analysis of the schedule.
• C.Mary will use the schedule management plan to schedule the risk identification meetings throughout the remaining project.
• D.Mary will utilize the schedule controls to determine how risks may be allowed to change the project schedule.
• E.Explanation:
  The controls within the schedule management plan can shape how quantitative risk analysis will be performed on the schedule. Schedule management plan also describes how the schedule contingencies will be reported and assessed.

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