What approach can a project manager use to improve the project's performance during qualitative risk analysis?

• A.Analyze as many risks as possible regardless of who initiated the risk event.
• B.Focus on high-priority risks.
• C.Focus on near-term risks first.
• D.Create a risk breakdown structure and delegate the risk analysis to the appropriate project team members.

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You are the project manager of the GHG project for your company. You have identified the project risks, completed qualitative and quantitative analysis, and created risk responses. You also need to document how and when risk audits will be performed in the project. Where will you define the frequency of risk audits?

• A.Quality management plan
• B.Risk management plan
• C.Risk response plan
• D.Schedule management plan

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What is a project issue within a project environment?

• A.A negative effect on a project objective arising from occurrence of a threat
• B.A certain event which has a positive or negative impact in the project
• C.A risk which has a significant impact on the project
• D.An uncertain event which may impact the project

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Gary is the project manager of the MMQ project for his company. He is working with his project team to plan the risk responses for his project. Sarah, a project team member, does not understand the process that Gary is using to plan the risk responses. Which approach is the preferred method to address project risks and the risk responses?

• A.Risks in the project should be addressed by their probability for creating risk responses.
• B.Risks in the project should be addressed by the organization's risk tolerance for creating risk responses.
• C.Risks in the project should be addressed by their impact for creating risk responses.
• D.Risks in the project should be addressed by their priority for creating risk responses.

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You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?

• A.Risk-reward mentality
• B.Mitigation-ready project management
• C.Risk utility function
• D.Risk avoidance

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