Please answer all questions

1) Risk identification checklists are usually developed based on historical information and knowledge accumulated from previous similar projects. Which of the following statements about risk identification checklists is INCORRECT?

Group of answer choices

It is impossible to build an exhaustive checklist.

Quick and simple risk checklists are the least effective ones.

The lowest level of the risk breakdown structure (RBS) cannot be used as a risk checklist.

Risk checklists should be reviewed during project closure.

2) As part of the Plan Risk Management process, a project manager is looking at the activity of preparing a risk management plan. Which of the following is true about risks?

Group of answer choices

A risk usually has more than one cause, and if it occurs, may have one or more impacts.

A risk may have one or more causes and, if it occurs, may have one or more impacts.

A risk usually has a single cause and if it occurs usually has a single impact.

A risk usually has a single cause and, if it occurs, may have one or more impacts.

3) While analyzing the risks in a project, a project manager came up with a risk urgency assessment document. In which process would this be done?

Group of answer choices

Perform Qualitative Risk Analysis

Plan Risk Management

Close Risks

Monitor Risks

4) Under which of the following scenarios would you not use a decision tree?

Group of answer choices

When some future scenarios are unknown.

When the outcomes of some of the actions are uncertain.

When you need to look at the implications of not choosing certain alternatives.

When the future scenarios are known.

5) You are assigned to prepare the procurement management plan for a project that involves setting up an org-wide supply chain management system. You are looking for a guideline on what type of contracts you can use and what type of contract forms are to be used for this project. Which source will help you obtain this?

Group of answer choices

Integrated project plan

Each project is unique, so you will need to prepare the necessary documentation for this.

Organizational process assets

Department process repository