What can be determined from the risk scenario chart?

• A.Capability of enterprise to implement
• B.Relative positions on the risk map
• C.The multiple risk factors addressed by a chosen response
• D.Risk treatment options

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You are elected as the project manager of GHT project. You are in project initialization phase and are busy in defining requirements for your project. While defining requirements you are describing how users will interact with a system. Which of the following requirements are you defining here?

• A.Technical requirement
• B.Project requirement
• C.Functional requirement
• D.Business requirement

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Which negative risk response usually has a contractual agreement?

• A.Sharing
• B.Transference
• C.Mitigation
• D.Exploiting
• E.Explanation:
  Transference is the risk response that transfers the risk to a third party, usually for a fee.
  Insurance and subcontracting of dangerous works are two common examples of transference with
  a contractual obligation.
• F.is incorrect. Mitigation is a negative risk response used to lower the probability and/or
  impact of a risk event.
• G.is incorrect. Sharing is a positive risk response. Note that sharing may also have
  contractual obligations, sometimes called teaming agreements.

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You are the project manager of GHT project. You have initiated the project and conducted the feasibility study. What result would you get after conducting feasibility study?
Each correct answer represents a complete solution. (Choose two.)

• A.Recommend alternatives and course of action
• B.Risk response plan
• C.Project management plan
• D.Results of criteria analyzed, like costs, benefits, risk, resources required and organizational impact

Correct Answer: A,D

Explanation/Reference:
Explanation:
The completed feasibility study results should include a cost/benefit analysis report that:
Provides the results of criteria analyzed (e.g., costs, benefits, risk, resources required and

organizational impact)
Recommends one of the alternatives and a course of action

Incorrect Answers:
B, C: Project management plan and risk response plan are the results of plan project management and plan risk response, respectively. They are not the result of feasibility study.

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The acceptance of control costs that exceed risk exposure is MOST likely an example of:

• A.corporate culture alignment
• B.corporate culture misalignment.
• C.low risk tolerance.
• D.high risk tolerance.

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