Question 51 A bubble chart is a T & T in the process Not yet answered Select one: Marked out of O a. Perform Qualitative Risk Analysis 1.00 O b. Risk Identification P Flag question O c. Perform Quantitative Risk Analysis O d. Plan Risk Management Clear my choiceQuestion 52 Which of the following statements is incorrect about Perform Not yet Qualitative Risk Analysis? answered Marked out of Select one: 1.00 O a. It is the process of prioritizing individual project risks for Flag question further analysis or action by assessing their probability of occurrence and impact as well as other characteristics. O b. The key benefit of this process is that it focuses efforts on high priority risks O c. This process is performed at the inception of the project. O d. In this process the teams assess the priority of identified individual project risks using their probability, impact and other factors. Clear my choiceQuestion 53 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 1 and more than or equal to () Flag question O c. Less than 1 and more than 0 O d. Less than or equal to O and more than or equal to 1 Clear my choiceQuestion 54 The authorized personnel to procure the goods and services for the Not yet project may be members of answered Marked out of Select one: 1,00 O a. organization's purchasing department Flag question O b. management O c. the project team O d. anyone of the three Clear my choiceQuestion 55 You have a team of 12 members. It is very likely that at least 2 of Not yet them will remain absent for a period of 15 days each. This needs to answered be provided for in your contingency estimates for the project. You Marked out of will add the resources and the consequent cost impact in: 1,00 Flag question Select one O a. Activity Cost Estimate O b. Management Reserve O c. Work Package Contingency Reserve O d. Enterprise Emergency Fund Clear my choiceQuestion 56 Each of the following statements is true regarding the risk Not yet management plan except for which one? answered Marked out of Select one: 1,00 O a. The risk management plan is an input to all the remaining Flag question risk-planning processes. O b. The risk management plan includes a description of the responses to risks and triggers. O c. The risk management plan is an output of the Plan Risk Management process. O d. The risk management plan includes thresholds, scoring and interpretation methods, responsible parties, and budgets. Clear my choiceQuestion 57 The risk register captures details of Not yet answered Select one: Marked out of O a. identified individual project risks. 1.00 O b. project risk categories Flag question O c. identified collective project risks. O d. individual risk categories Clear my choiceQuestion 58 You are in the process of Risk Management Planning. One of you Not yet notes states " the financial risk of the new hardware not being answered compatible with the existing IT systems is very high. We can not Marked out of take this risk because the adverse impact on our project budget will 1,00 be impossible to mitigate". The statement is talking about: 7 Flag question Select one: O a. Risk Category O b. Risk Tolerance O c. Risk Appetite O d. Risk Owner Clear my choiceQuestion 59 Which procurement contract type carries the highest cost risk for Not yet the buyer? answered Marked out of Select one: 1.00 O a. Firm Fixed Cost P Flag question O b. Fixed Price Incentive Fee O c. Cost plus percentage cost O d. Time and Material Clear my choiceQuestion 60 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, where used, is Flag question performed throughout the project. O b. 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. O c. The key benefit of Perform Quantitative Risk Analysis process is that it quantifies overand project risk exposure, and it can also provide additional quantitative risk information to support risk response planning. O d. Perform Quantitative Risk Analysis process is required for every project Clear my choice