Which action is included in the Control Costs process?

• A.Monitor cost performance to isolate and understand variances from the approved cost baseline
• B.Develop an approximation of the monetary resources needed to complete project activities
• C.Identify how the project costs will be planned, structured, and controlled
• D.Determine policies, objectives, and responsibilities to satisfy stakeholder needs

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Taking out insurance in relation to risk management is called what?

• A.Transference
• B.Avoidance
• C.Exploring
• D.Mitigation

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What is the name of a graphic display of project team members and their reporting relationships?

• A.Project team structure diagram
• B.Reporting flow diagram
• C.Role dependencies chart
• D.Project organization chart

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A project stakeholder is requesting changes to the project plan. Which process group addresses this?

• A.Executing Process Group
• B.Monitoring and Controlling Process Group
• C.Planning Process Group
• D.Initiating Process Group

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According to PMBOK, the definition of Plan Risk Management is:

• A.Develop strategies and agreeing on actions to address overall and individual risk and exposure
• B.Define how to conduct risk management activities for a project
• C.Implement agreed-upon risk response plans
• D.Analyze the impact of identified individual risk and other sources of uncertainty on overall project objectives

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