1. Your project requires developing an interface module with an external system amongst other modules. Your team does not have required skills to develop this interface module. If you do not deliver this module on time, the estimated adverse impact on the project is $100,000. You engaged a third party consulting firm to develop this module for you. This third party company has significant experience in developing the interface module. In your contract with this third party consulting firm, you included a penaltyclause for $100,000 for any schedule slippage. What type of risk response strategy have you used in this case?

	A.	Avoidance
	B.	Acceptance
	C.	Transfer
	D.	Mitigation

1.During the Daily Stand-up meeting of an Agile Development project, each team member reports to rest of the team

	A.	What impediments he/she faced yesterday and how he/she solved them, what work he/she will do today
	B.	What he/she did previous day, what she/he will do today, what impediments he/she is facing and possible ideas of solving them
	C.	What he/she did previous day, what she/he will do today, what impediments he/she is facing
	D.	Percentage completion of each task that she/he is responsible for