The project manager of a project in trouble actively participates in a project risk assessment. After the assessment is complete, the project manager receives the final results.
What is the best recommended action to be taken from this point onward?

• A.Use the assessment results to review the project hand over plan to operations.
• B.Schedule a meeting and present the assessment results.
• C.Use the assessment results in the day-to-day management of project risks.
• D.Schedule a meeting with the project sponsor and discuss the assessment results.

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Wendy is about to perform qualitative risk analysis on the identified risks within her project. Which one of the following will NOT help Wendy to perform this project management activity?

• A.Project scope statement
• B.Stakeholder register
• C.Risk register
• D.Risk management plan

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Joyce is the project manager for her company. Joyce and her project team are working through the quantitative analysis for certain risk events within her project. According to the enterprise environmental factors the project manager is to perform sensitivity analysis on any risk with an impact greater than $5,000 in the project. What is the sensitivity analysis?

• A.It determines possible combinations of risk events to predict overall project success, failure, or probability of achieving project objectives.
• B.It determines which risk events have the most potential impact on the project.
• C.It uses rounds of anonymous surveys to predict probability and impact.
• D.It uses round of anonymous surveys to predict which events are most likely to happen.

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In addition to monitoring and controlling the project risks for their status and information the risk monitoring and controlling process accomplishes four key things for a project. Which one of the following is NOT a determination that is made by the risk monitoring and controlling process?

• A.Determines if the risk contingency reserves should be modified to be in alignment with the current risk assessment
• B.Determines if the project assumptions are still valid
• C.Determines if the risk management policies and procedures are being followed
• D.Determines if the project constraints are still valid

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For the last several months, a project manager for a global technology program is focused on improving the project outsourcing process and analyzing the vendor supply chain as key pieces of the cost containment strategy. Early in the project, these two areas were identified as key risks to the final delivery of the project.
Since that initial risk identification, the risk manager works to identify additional risks, as well as analyze the potential impact to the project cost baseline. After performing a cost-risk sensitivity analysis, the risk manager produces this chart.

Based on this analysis, which two risk areas should the project manager focus on to control project cost?

• A.Labor rate increases and management reviews
• B.Outsourcing negotiations and vendor supply chain disruption
• C.Vendor supply chain disruption and final system test
• D.Vendor supply chain disruption and software design changes

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