Question 9 (0.5 points)

As you start executing a project which has been properly planned around risk management best practices, a pandemic is announced and your project is shut-down as it involves people working in close proximity to each other. This is an example of

Question 9 options:

a)	A big risk

b)	good project management

c)

A crisis

d)	An opportunity to re-plan the project

Question 10 (0.5 points)

You are presenting a monthly project report to a steering committee that includes, of course, how risks are tracking. This month, your team has discovered a major new risk with a very high exposure. In your report, you state that this new risk will require a review of the project, most likely including a new committed plan with a higher budget. The steering committee supports your analysis. The BEST next step you need to take is to

Question 10 options:

a)	Hire a consultant to write the new plan

b)	Immediately review all contracts with third parties to reduce the overall budget

c)	Generate a change request for the project

d)	Create a brand new risk register

Question 11 (0.5 points)

As the project starts execution, you start receiving information about the risks that have been identified, and you start updating the risk register and create status reports. This can BEST be described as

Question 11 options:

a)	Risk updating

b)	Risk control

c)	Risk management

d)	Risk monitoring

Question 12 (0.5 points)

In project management, the MOST COMMONLY USED probability function used to quantify risks related to cost and time is

Question 12 options:

a)	Poisson distribution

b)	Triangular distribution

c)	Standard (Normal) distribution

d)	Uniform distribution