Q1. Select the best answer for the fonting: (5 maths) 1. You are woeking with the project stakeholders po the project requirensents and aealyzing how naks: may affect the ir project. One of the stakeholders is confused about what conatistes riaks in the project. Which of the following is the correct option that anawers takebolder confution? a. It is an uncertain event that can affect at least one project objective. b. It is an uneerain event that can affeet the project costs. c. It is an uncertait event of condition within the project execution. 4. It is an unknown event that can affect the project scope. 2. You are the project manager for your company and a new change request has been approved for your project. This change request, however, has introduced several new tisks to the project. You bave communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project. You are elected to create a mitigation response for the identifined risk. eventi. Where will you record the mitigation response? a) Risk rogister b) Risk log c) Risk Management plan d) Watch list 3. Ovenall risk thresholds in the project are set by a) Risk manager or the Project manager b) The organization or key stakeholders c) The project charter. d) T'eam of cost, schedule, quality and Scope managers. 4. What should be done with risks on watch list a. Document the for historical use on other projects. b. Document them and revisit them during control process e. Document them and revisit them and give them to the customer d. Doeument them and set them a side because they are already covered in your coatingency plans 5. A project manager has assembled the project team. They have identified 56 risks on the project, determined what would trigger the risks, rated them on a risk rating matrix, tested their assumptions, and assessed the quality of the data used. The team is continuing to move through the risk management process. What has the project manager forgotten to do? a. Perform risk mitigation b. Detemine the overall risk ranking for the project c. Conduct a simulation d. involve other stakeholders