1. Which output document from the risk management process contains information on potential risk owners?

Risk Register

Risk Categorization

Risk Exposure

Risk Report

2. What is an input to the plan risk management process?

Project Charter

3. Which quantitative data evaluation technique should a project manager use to determine alternative paths for managing risk in a project?

Sensitivity analysis

Decision tree analysis

Schedule network diagram

Influence diagram

4. Which risk response strategy should a project manager use when the overall project risk is significantly positive and outside the agreed-upon risk thresholds for a project?

Mitigate

Transfer

Exploit

Avoid

5. Which outcome is outside the scope of formal project management office?

Program

Portfolio

Plan

Product

6. A project manager updates a project budget plan to include an additional 150.000 required by the supplier on top of the parts and labor negotiated.

Cost plus fixed fee

Cost plus incentive fee

Cost plus reimbursable fee

Cost plus award fee

7. Which selection method is used in Procurement Management when a buyer asks seller to prepare technical and financial proposal?

Qualifications Only

Least Cost

Sole Source

Fixed budget

8. What is a benefit of the emerging practice of trial engagements in Procurement Management?

Allowing buyers to choose which vendors product they will pay for

Putting sellers into a competitive relationship to reduce cost

Providing an opportunity to assess vendors while proceeding with project work

Improving the ability to employ agile development to complete scope