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You are a project manager in Critical Project for your organization, you expect that the generator that used may breaks down, and you don't have any other generators available. Therefore, you planned to call your friend who have an equipment supplier to rent generator at a reasonable price. This is an example of: Workaround Risk Acceptance Risk Mitigation Risk Avoid Three strategies that typically deal with negative risks or threats are: O Avoid, Transfer, and Exploit Avoid, Transfer, and Mitigate Enhance, Share, and Accept Transfer, Exploit, and Accept While completing your assessment of the risks on your project, you begin to examine the ones with the greatest potential Risk to your project. You are using a diagram to help you complete this task, and you are currently looking at the high priority risks. What diagram would best help you? Pareto char Tornado Diagram Control chart @ Risk register Which of the following tools used to identify and analyze project risks? Reserve Analysis Probability and impact matrix Expert judgment Simulation You are a project manger and your organization requested from you to start working in the feasibility study for new project for special owner. when you start to review the historical information you notice that your organization finished a previous project to this owner and delayed for the final financial payment for past contract, and leaded to arbitration. What type of suitable response strategy that the project manger will using for this risk? Avoid Mitigate o Accept Exploit As part of the Risk Response planning for your project, you are trying to come up with a strategy to deal with negative risks or threats. In order to eliminate the impact of a particular risk, you relax the objective that is in jeopardy by extending the project schedule. This is an example of: Mitigation O Transference Postponement Avoidance