Question 1 You are a project manager working on a software development Not yet project. One of the risks you identified occurs, and you implement answered the response for that risk. Then, another risk occurs as a result of Marked out of the response you implemented. What type of risk is this called? 1.00 Flag question Select one: O a. Residual risk O b. Mitigated risk O c. Secondary risk O d. Trigger riskQuestion 2 Probability of an event is always: Not yet answered Select one: Marked out of O a. Less than 0 and more than 1 1.00 O b. Less than or equal to O and more than or equal to 1 Flag question O c. Less than 1 and more than 0 O d. Less than or equal to 1 and more than or equal to 0Question 3 Which of the following statement is NOT correct about Perform Not yet Quantitative Risk Analysis? answered Marked out of Select one: 1.00 O a. Perform Quantitative Risk Analysis process is required for F Flag question every project O b. The key benefit of Perform Quantitative Risk Analysis process is that it quantifies overall project risk exposure, and it can also provide additional quantitative risk information to support risk response planning. O c. Perform Quantitative Risk Analysis, where used, is performed throughout the project. O d. Perform Quantitative Risk Analysis is the process of numerically analyzing the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives.Question 4 Which procurement contract type carries the highest cost risk for Not yet the buyer? answered Marked out of Select one: 1.00 O a. Time and Material Flag question O b. Firm Fixed Cost O c. Fixed Price Incentive Fee O d. Cost plus percentage costQuestion 5 Where a potential risk response has been identified during the Not yet dentify Risks process, it is recorded in the risk register inswered Marked out of Select one: .00 O a. This will be confirmed during the final meeting of Identify Flag question Risk Process O b. This will be confirmed during the closing meeting of Identify Risk phase O c. This will be confirmed during the Plan Risk Responses process. O d. This will be confirmed during the brainstorming session of the Identify Risk ProcessQuestion 7 An RBS is a representation of potential sources of risk Not yet answered Select one: Marked out of O a. systematic 1.00 O b. analytical Flag question O c. hierarchical O d. structuredQuestion 9 Which statement about Monte Carlo analysis below is not correct? Not yet answered Select one: Marked out of O a. It is a tool for Qualitative Analysis 1.00 O b. The simulation uses the project cost estimates. Flag question O c. It is a tool used for simulation O d. When running a Monte Carlo analysis for schedule risk, the schedule network diagram and duration estimates are used.Question 8 Procurements are governed by Not yet answered Select one: Marked out of O a. Processes 1.00 O b. Contracts Flag question O c. Directives O d. TemplatesQuestion 10 You are working on a project that needs risk data on Brampton city Not yet roads. You have the data available from the following sources. answered Which one of the following will be your least preferred source? Marked out of 1.00 Select one: Flag question O a. From Statistics Canada O b. From Ontario Government O Data published in the "Brampton Joy Weekly." O d. From Brampton City archives