1. Fred is the project manager of a large project in his organization. Fred needs to begin planning the risk management plan with the project team and key stakeholders. Which plan risk management process tool and technique should Fred use to plan risk management?

A) Planning meetings and analysis
B) Variance and trend analysis
C) Data gathering and representation techniques
D) Information gathering techniques



2. You are the project manager of a large construction project. Part of the project involves the wiring of the electricity in the building your project is creating. You and the project team determine the electrical work is too dangerous to perform yourself so you hire an electrician to perform the work for the project. This is an example of what type of risk response?

A) Avoidance
B) Mitigation
C) Transference
D) Acceptance



3. Gary is the project manager of the MMQ project for his company. He is working with his project team to plan the risk responses for his project. Sarah, a project team member, does not understand the process that Gary is using to plan the risk responses. Which approach is the preferred method to address project risks and the risk responses?

A) Risks in the project should be addressed by their probability for creating risk responses.
B) Risks in the project should be addressed by the organization's risk tolerance for creating risk responses.
C) Risks in the project should be addressed by their priority for creating risk responses.
D) Risks in the project should be addressed by their impact for creating risk responses.



4. Which of the following are the main benefits of using Information Services Procurement Library (ISPL)? Each correct answer represents a complete solution.Choose all that apply.(Select 3answers)

A) The contract can be used as a control instrument.
B) The customer can take advantage of the competitive market.
C) The proposals of consumers become comparable.
D) The use of a strategy that really fits the situation.



5. During qualitative risk analysis you want to define the risk urgency assessment. All of the following are indicators of risk priority except for which one?

A) Risk rating
B) Warning signs
C) Cost of the project
D) Symptoms