Which statement describes the Implement' step within the recommended risk management procedure?

• A.Take planned action to respond to a risk
• B.Identify the level of risks that can be tolerated by the project
• C.Implement the responsibilities for risks defined in the Risk Management Strategy
• D.Assess the proximity of a risk

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What needs to be in place to ensure effective issue and change control?

• A.Information needs for stakeholders
• B.Quality planning
• C.Manage by exception
• D.Configuration management system

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Which may be funded from a risk budget?

• A.Capturing identified threats and opportunities in the Risk Register
• B.Any remaining open risks after the project has been closed
• C.Specific management responses to a project's threats and opportunities
• D.Producing risk summaries for inclusion in Highlight Reports

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Which is a true statement about management stages and technical stages?

• A.Management stages require quality control, technical stages do NOT
• B.Technical stages can overlap but management stages CANNOT
• C.Management stages are the responsibility of the Project Manager, technical stages are
  NOT
• D.Technical stages create products, management stages do NOT

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Identify the missing words in the following sentence. A risk budget is a sum of money included in the [ ? ] and set aside to fund specific management responses to a project's threats and opportunities.

• A.change budget
• B.project budget
• C.project's cost tolerance
• D.project's risk tolerance

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