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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Which key interpersonal skill of a project manager is defined as the strategy of sharing power and relying
on interpersonal skills to convince others to cooperate toward common goals?

• A.Collaboration
• B.Influencing
• C.Negotiation
• D.Decision making

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A project report completed an earned value (EV) of US $45 for work with an actual cost (AC) of US $40. What is the cost performance index (CPI)?

• A.0.88
• B.1.12
• C.0.58
• D.1.58

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Considering a highly dynamic project environment, which approach should the project manager adopt to manage the project team?

• A.A self-organizing approach to increase team focus and maximize collaboration.
• B.A virtual team to minimize feeling of isolation and gaps on sharing knowledge.
• C.A distributed team to improve tracking progress, productivity, and performance.
• D.A norming approach that requires team members to adjust their behavior and work together.

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The definition of when and how often the risk management processes will be performed throughout the project life cycle is included in which risk management plan component?

• A.Timing
• B.Methodology
• C.Risk categories
• D.Budgeting

Correct Answer: A

Section: Volume A
Explanation:
11.1.3.1 Risk Management Plan
The risk management plan is a component of the project management plan and describes how risk management activities will be structured and performed. The risk management plan includes the following:
Methodology. Defines the approaches, tools, and data sources that will be used to perform risk

management on the project.
Roles and responsibilities. Defines the lead, support, and risk management team members for each type

of activity in the risk management plan, and clarifes their responsibilities.
Budgeting. Estimates funds needed, based on assigned resources, for inclusion in the cost baseline and

establishes protocols for application of contingency and management reserves.
Timing. Defines when and how often the risk management processes will be performed throughout the

project life cycle, establishes protocols for application of schedule contingency reserves, and establishes risk management activities for inclusion in the project schedule.

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