You are the project manager of your organization. Your organization will receive a bonus if the project finishes by December 20. Management has communicated this bonus to you and your project team and has asked you to evaluate the project to see if it is possible to realize the reward. The bonus offered to your organization is $750,000. You have examined the project and believe that you can crash the project for an additional $275,000 and reach the December 20 date. Management is thrilled with your assessment and they approve the crash fee. What risk response is this?

• A.Crashing can be a type of the exploit risk response.
• B.Crashing can be considered transference because of the $275,000 is actually paid from the bonus, which is paid by the project customer.
• C.Crashing is the addition of labor, not a risk response.
• D.Crashing can be a type of the enhancing risk response.

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There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events?

• A.Acceptance
• B.Transference
• C.Sharing
• D.Mitigation

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Pete works as a project manager for BlueWell Inc. The Management has told him that he must implement an agreed-upon contingency response if the cost performance index in his project is less than 0.90.
Consider that Pete's project has a budget at completion of $275,000. His project is 65 percent complete and he has spent $175,000 to date. However, Pete is scheduled to be 78 percent complete. What is the cost performance index for this project to determine if the contingency response should happen?

• A.0.89
• B.0.96
• C.0.90
• D.1.02

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You are the project manager of the NHJ project for your company. This project has a budget at completion of
$1,650,000 and you are 60 percent complete. According to the project plan, however, the project should be 65 percent complete. In this project you have spent $995,000 to reach this point of completion. There is a risk that this project may be late so you have taken some measures to recover the project schedule. Management would like to know, based on current performance, what the estimate at completion for this project will be.
What is the estimate at completion?

• A.$1,650,000
• B.$663,333
• C.-$8,333
• D.$1,666,667

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You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated. Which project management process is responsible for these actions?

• A.Risk identification
• B.Risk analysis
• C.Risk planning
• D.Risk monitoring and controlling

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