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Question 31 (1 point) A risk event has just occurred on a complex project. The customer has not yet been informed. What should the Project Manager do first? Check if Management Reserve is available Notify the customer immediately and assure them the risk will be successfully resolved Transfer resources to the risk event to lessen its impact Check if a risk trigger event was implemented Question 32 (1 point) Which of the following are components of Risk? Probability Sponsor III Customer Consequence/Impact 1 11 IV II and III only 1 & Ill only O I, II, III and IV 1 & IV only During project execution 90% of the Project Manager's time is typically spent on communications. Which of the following groups would likely receive the most communication? Senior Management The Project Lawyer The Project Sponsor The firm's Communication department What type of contract places the most risk on the supplier? Cost reimbursable Percentage Unit price Stipulated price