Risk

Exam A

QUESTION 1
A risk analyst has produced the following chart for your project. Which risk management tool is this?

A. Pareto chart
B. Risk traceability matrix
C. Histogram
D. Tornado diagram

Correct Answer: D

QUESTION 2
Without attention to the highest value for the customer, the Agile team may create features that are not
appreciated, or otherwise insufficiently valuable, therefore wasting effort. How does an Agile team mitigate this
risk?

A. By creating the detailed project management plan with the help of the product owner.
B. By creating the product backlog with the help of the project manager.
C. By creating the product backlog with the help of the product owner.
D. By creating the detailed project management plan with the help of the project manager.

Correct Answer: C

QUESTION 3
Drag each risk type on the left to the appropriate example on the right

Scope definition, Requirements definition, and Estimates>>>>>>>>> TECHNICAL RISK

Suppliers , Internal procurement, and Partnerships and joint ventures>>>>>>>>>>>>> COMMERCIAL RISK
Communication, Project management, and Resourcing>>>>>>>>>>>>>>>>>>> MANAGEMENT RISK
weather, Competition, and Exchange rates>>>>>>>>>>>>>>>>> EXTERNAL RISK
A.
B.
C.
D.

Correct Answer:

QUESTION 4
A project manager is assigned to an agile software development project for a large banking corporation. With
the project just getting underway, the project manager has learned about new hacking tactics that present a
potential threat to regulatory compliance for the project. What should the project manager do next?

A. Submit a change request to update the risk report

B. Submit a change request to update the risk management plan
C. Review the risks during the project retrospective
D. Analyze the consequences of non-compliance

Correct Answer: D

QUESTION 5
You have just been assigned to an upcoming agile project. As part of pre-project work, you review all of the
organization's policies and procedures regarding compliance. You realize that only some of them may be
applicable to your project. What should you do first?

A. Ensure compliance activities are included in the project schedule baseline

B. Incorporate all compliance policies and procedures in the implementation strategy
C. Classify the compliance categories to determine the expenditure of project resources
D. Switch the project management approach from agile to traditional

Correct Answer: C

QUESTION 6
During the planning phase of a project, the project manager learns that the sponsor has eliminated some
important deliverables in other projects over the past three years, producing a negative cost variance. What
should the project manager do next?

A. Include the risk in the risk register.

B. Define the scope baseline correctly.
C. Document the issue in the issue log.
D. Document the lessons learned.

Correct Answer: A

QUESTION 7
You are a project manager for a new train station project. The construction work will be accomplished using a
predictive lifecycle while software will be developed using an iterative lifecycle. Some Neighbours who are
resisting the project have been asking the mayor to stop the project, and are threatening legal action. What two
actions should the project manager take? Choose two.

A. Discuss alternatives to moving the new train station to another location with the start-up team.
B. Publish information on the city's website about the benefits that the new train station will bring.
C. Have a meeting with the mayor and explain the importance of the new train station to the city.
D. Conduct regular meetings with the neighbors to get their buy-in for the project.
E. Register this situation as a risk and develop a mitigation plan.
Correct Answer: CE

QUESTION 8
The CEO has authorized the development of a complex financial product for a company to provide greater
future benefits. The budget has been acquired through financing with global investors who expect all risks to be
identified as soon as possible. What should the project manager use to identify the risk?

A. SWOT analysis
B. A risk value assessment.
C. Expert judgement.
D. An analysis of shared risks between parties.

Correct Answer: A

QUESTION 9
During project execution, the risk owner is monitoring the critical speed rate of a power engine to eventually
trigger the defined risk-response strategy. During the risk analysis and management process phase, it was
defined that the power engine has the following characteristics 1,600 rpm (rate-per-minute) -> stops working
and crashes the system 1.500 rpm (rate-per-minute) -> warns of max rate allowed 1.400pm (rate-per-minute) -
> reduces the power and brakes the engine Which of the following statements is correct?

A. 1,600 rpm is a project risk, 1,500 rpm is an event that triggers a response strategy and 1,400 rpm is
a project issue.
B. 1.600 rpm is an event that triggers a response strategy. 1,500 rpm is a project issue and 1,400 rpm
is a project risk.
C. 1,600 rpm is a project issue, 1,500 rpm is an event that triggers a response strategy and 1,400 rpm
is a project risk
D. 1600 rpm is a project issue; 1,500 rpm is a project risk; and 1,400 rpm is an event that triggers a
response strategy

Correct Answer: C

QUESTION 10
During project execution, one of the key project team members needs to take an unexpected leave of absence.
The project is ahead of schedule and under budget. Which two actions should the project manager take initially
to resolve this problem? (Choose two)

A. Reassign responsibilities across the remaining members using the available float for training
B. Check if the team member's activities are sufficiently documented to facilitate handover
C. Obtain the project sponsors support to replace the team member on leave
D. Check the project's responsibility assignment matrix (RAM) to determine which activities will be
affected
E. Check the risk register for a prepared response to a resource being suddenly unavailable.

Correct Answer: DE

QUESTION 11
The initiation phase has been initiated and the team's roles and responsibilities have been assigned.
During the preparation of the project management plan, the project manager reviews lessons learned from
previous projects and discover that the same team has been missing delivery dates. What should the project
manager do to ensure timely delivery?

A. Update the issue log

B. Include this in the risk register
C. Ask the team leader to assign other resources
D. Escalate the issue to the functional manager

Correct Answer: B

QUESTION 12
A project manager is worried that a key stakeholder is not participating in the project and has concluded that
the final product is not as good as it could have been if the stakeholder had been more involved. Drag the
scenario on the left to the correct risk response strategy on the right

Transfer>>>>>>>>>>>>>>>> Analyze if someone else could contribute

Accept>>>>>>>>>>>>>>>>> Record the observations and move ahead
Avoid>>>>>>>>>>>>>>>>>> Check for options to exclude the stakeholder
Escalate>>>>>>>>>>>>>>>> Address the issue with the stakeholder's superior
M1t1gate>>>>>>>>>>>>>>>> Discuss with the stakeholder and earn buy-in

A.
B.
C.
D.

Correct Answer:

QUESTION 13
A project started 11 months ago and is currently on iteration 12 of 15. The team has performed well and
completed all deliverables on time. However, some team members are starting to complain about the length of
the project, creating a risk for lack of performance at this critical stage. What should the project manager do as
a servant leader to mitigate this risk?

A. Schedule a team event with the project sponsor to highlight the importance of the project and
recognize the work of the team.
B. Contact the functional manager to ensure that team motivation remains high until the end of the
project.
C. Meet with the team to reinforce their responsibilities and the consequences if the project
deliverables are not completed on time.
D. Apply additional controls to the project deliverables to ensure that all milestones are achieved on
time.

Correct Answer: A

QUESTION 14
Adam is a project manager who is starting a project using a hybrid approach. Adam has requested a senior
team member to perform a quantitative risk analysis the team member responds that they do not have the
knowledge to perform such an analysis.

What should Adam do?

A. Contact the project management office (PMO) and request them to assign another team member
who has the knowledge to perform this task to the team
B. Help the team member to perform the quantitative risk analysis through coaching, mentoring and
training
C. Escalate the issue to the functional manager
D. Perform the quantitative risk analysis for the team member

Correct Answer: B
QUESTION 15
A company that is introducing a new product into the market by the end of the year requires a storage and
distribution facility to be built. During the monthly stakeholder meeting, it is discovered that the location for
implementation is a government-owned area What should the project manager do first?

A. Update the issue log

B. Update the risk register
C. Issue a change request
D. Identify an alternative site

Correct Answer: B

QUESTION 16
A Key stakeholder wants to understand when the risk may potentially become an issue. What artifact should
the project manager share with the stakeholder?

A. Risk register
B. Project management plan
C. Issue log
D. Risk management plan

Correct Answer: A

QUESTION 17
Drag the mitigation strategy on the left to the project manager's actions on the right

Mitigate>>>>>>>>>>>>>> The project manager analyzed the threat, took action to reduce the probability of
occurrence. and conducted some additional tests
Accept>>>>>>>>>>>>>>>> The project manager identified the threat and decided to review it periodically
rather than take action
Avoid>>>>>>>>>>>>>>>>> The project manager determined the threat was severe and acted promptly to
handle this risk by changing project strategies and reducing the project scope.
Escalate>>>>>>>>>>>>>> The project manager studied the threat and found it is out of their authority and
scope
Transfer>>>>>>>>>>>>>> The project manager identified the Threat, discussed it with the sponsor, and
bought an insurance plan to handle it

A.
B.
C.
D.

Correct Answer:

QUESTION 18
Vendor A submitted a bid for US$500,000. There is a 65% probability that the vendor will deliver behind
schedule with a cost overrun of US$ 100,000. The vendor will come in ahead of schedule for a savings of
US$50,000. What should the project manager determine as the value of the vendor's bid?

A. US$582,500
B. US$750,000
C. US$452,500
D. US$547,500
Correct Answer: C

QUESTION 19
While reviewing prototypes, the quality team found some deviations that do not affect the main functionality but
have the potential to be an issue in the future. To avoid major problems in the future, the team recommends
corrective actions that will require additional funds. The project is already struggling to stay on budget and has
even used some of the contingency reserves. What should the project manager do?

A. Ask the quality team to discard the sample and test again with a new sample
B. Evaluate and initiate the change request process with the stakeholders
C. Report to the project sponsor that the product is working and the project is struggling with the
budget.
D. Ask the product designer why the deviation was not considered in the design phase

Correct Answer: B

QUESTION 20
A project manager finds an unexpected issue halfway through a customer's project. After analysis, the project
team determines that the issue will affect the timeline unless more resources are allocated to the project. What
should the project manager do?

A. Adjust the timeline since, in the past, the customer would not pay any additional costs, then inform
the customer of the change.
B. Absorb the additional cost for the additional resources internally so that the project completes within
the timeline.
C. Meet with the project team to discuss internally whether they think cost is more important to the
customer than the timeline.
D. Inform the customer of the issue and discuss the options so that they are able to make a decision
on cost versus timeline.

Correct Answer: D

QUESTION 21
You are a project manager in an IT project. During the deployment of a new system, an unexpected power
outage occurs. What should the project manager do?

A. Risk categorization
B. Refer to the risk register and inform key stakeholders
C. Risk probability and impact assessment
D. Perform a qualitative risk analysis

Correct Answer: B

QUESTION 22
The project manager works in risk management and creating a risk register. The risk register records details of
all the risks identified at the beginning and during the life of the project. What tool or technique should the
project manager use to generate a list of all possible project risks?

A. Monte Carlo
B. Brainstorming
C. Probability and impact matrix
D. Tornado diagram

Correct Answer: B
QUESTION 23
A quality defect on project deliverables. In Which Category are these risks included?

A. External Risk
B. Technical Risk
C. Management Risk
D. Commercial Risk

Correct Answer: B

QUESTION 24
You are the project manager of a large IT project. During the implementation phase, you sign a contract to rent
an additional server from a local company because of the possibility that the main server may fail due to
constant, local-area electrical outages. As a project manager, what strategy are you using?

A. Mitigate
B. Transfer
C. Avoid
D. Escalate

Correct Answer: A

QUESTION 25
You are managing a construction project. After identifying risks, you start the qualitative risk analysis process
and now you are going to prioritize them. Which of the following techniques are you going to use?

A. Tornado diagram.
B. Scatter diagram.
C. Sensitive analysis.
D. Probability and impact matrix.

Correct Answer: D

QUESTION 26
You have identified a risk that may cause safety concerns for the workers completing the task. You've decided
to hire a third party to complete this work because the risk is too great to accept internally. Which risk response
is this?

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

Correct Answer: B

QUESTION 27
The risk breakdown structure (RBS) helps the project team consider the full range of sources from which
individual project risks that may arise. The second Level of RBS includes Regulatory and Legislation. In Which
Category are these risks included?

A. External Risk
B. Technical Risk
C. Management Risk
D. Commercial Risk
Correct Answer: A

QUESTION 28
You have just replaced a project manager who was managing a city street light installation project. The project
is in its execution phase. The new project manager has issues with some undiscovered risks on previous
projects. What document should the new project manager reference to ensure that all possible risks are
involved in risk identification?

A. Risk register
B. Project charter
C. Stakeholder register
D. Probability and impact matrix

Correct Answer: A

QUESTION 29
Early in the project, you are meeting with your team and would like to address all the strengths, weaknesses,
opportunities, and threats the project is facing. What tool should be used?

A. Cause and effect diagram

B. SWOT Analysis
C. Interviewing
D. Delphi Technique

Correct Answer: B

QUESTION 30
A project manager has received reports from a supplier that he is over capacity, which may delay his delivery.
What should the project manager update next?

A. Stakeholder engagement plan.

B. Risk register.
C. Issue log.
D. Schedule Baseline

Correct Answer: B

QUESTION 31
A project team is working on a risk response strategy by evaluating every risk and coming up with suitable
response strategies. However, one particular risk with a negative impact cannot be avoided or mitigated.
Furthermore, there is no way to transfer risk by outsourcing or buying insurance. What is the best the team can
do about the risk?

A. Share the risk by allocating ownership to a third party

B. Accept the risk
C. Revisit the Risk Response Strategy
D. Treat it as a secondary risk and update it in the Risk Register

Correct Answer: B

QUESTION 32
During a risk review meeting, the team identifies a risk. The project manager is unable to determine a way to
manage the risk internally because it is in the domain of another project team. What should the project
manager do?
A. Accept the risk
B. Mitigate the risk
C. Transfer the risk to another team
D. Escalate the risk to senior management.

Correct Answer: D

QUESTION 33
You are a project manager working on a strict deadline. You find a work package on the critical path which is
highly complex and could delay the final delivery of your product. After consulting your customer, you decide to
drop this work package from the project. Which risk response strategies do you use in this case?

A. Retention
B. Reduction
C. Sharing
D. Avoid

Correct Answer: D

QUESTION 34
As a project manager, you know the importance of risk management. You always try to include risk
management as an agenda item in your status meetings. Some of your project team members complain that
discussing risk management issues in status meetings is a waste of time because none of the risks identified
on the project so far have actually occurred. What should you do in this situation?

A. Talk to your team members about the importance of risk management

B. Escalate to your senior management that some of your team members do not agree with your risk
management practices
C. Agree with your team members and let them know that no more time will be spent on discussing
risks in the project status meetings unless required in the future
D. Call a meeting with your project sponsor and project management team to discuss potential training
requirements for your project team members

Correct Answer: A

QUESTION 35
You know that the success of your project will be determined by how well you manage risks. You know that
identifying risks upfront can help you be better prepared with risk response strategies. You discuss and consult
with other project managers in the company. One manager suggests the usage of SWOT to identify risks. What
would you do next as a part of this technique?

A. Identify the Organization's strengths and weaknesses

B. Perform root cause analysis to identify problems, their cause, and potential response
C. Gather team members and experts together and discuss to identify risks
D. Gather anonymous responses from experts and identify risks

Correct Answer: A

QUESTION 36
A project manager notifies the project sponsor that the mitigation strategy for a major risk did not work. The
sponsor states that the same risk response was implemented a few months ago on a similar project with the
same result. How might this situation have been avoided?

A. The project manager should have researched the lessons learned repository for knowledge gained
 throughout similar past projects
B. The project manager could not have avoided this situation since it is impossible to determine in
advance the effectiveness of a risk response
C. The project manager should have researched the lessons learned register for knowledge gained
throughout similar past projects
D. The project manager should have applied the avoidance risk response strategy because the risk
had been seen before in past projects

Correct Answer: A

QUESTION 37
A project manager is facilitating a first brainstorming session to identify individual risks as well as sources of
overall project risk. The meeting attendees are struggling with the task, and the meeting is becoming
unproductive. What action might the project manager take to get the meeting back on track?

A. Adjourn the meeting

B. Consult the risk register
C. Call in the project sponsor
D. Use the RBS as a prompt list

Correct Answer: D

QUESTION 38
A risk that was not listed in the risk register occurred. In order to obtain funding to respond to this risk, what will
you do?

A. Estimate the cost of the action and take it from the Contingency reserve which is part of the time
phased budget
B. Estimate the cost of the action and take it from the management reserve which is part of the project
budget
C. Estimate the cost of the action and take it from the approved cost baseline
D. Estimate the cost of the action, take it from the approved cost baseline but reduce this amount from
the baseline

Correct Answer: B

QUESTION 39
While creating the probability and impact matrix, what should the team and project manager consider to support
the project risk analysis?

A. Possible effects on the objectives of the project.

B. Project quality and resources.
C. Contingency reserve for budget and schedule.
D. Project scope and project deliverables.

Correct Answer: A

QUESTION 40
You have been assigned as a project manager to a software project. Before creating your product, you decided
to create a prototype to ensure that it is acceptable to stakeholders. This is an example of:

A. Risk Transference
B. Risk mitigation
C. Risk acceptance
D. Risk avoidance

Correct Answer: B

QUESTION 41
After analyzing risk with the project team you, the project manager, decides to establish a contingency reserve
to handle the threat if it occurs. What type of strategy is this?

A. Active mitigation
B. Passive transference
C. Active acceptance
D. Passive acceptance

Correct Answer: C

QUESTION 42
Which of the following Processes should be used to implement agreed-upon risk response plans. The benefit
of this process is that it ensures that agreed-upon risk responses are executed as planned?

A. Plan Risk management

B. Identify Risk
C. Monitor Risk
D. Implement Risk Responses

Correct Answer: D

QUESTION 43
The building of an industrial plant has been stopped for four months due to region-specific prohibitions. What
should the project manager have done to avoid this issue?

A. Made a prioritized list of the project constraints

B. Identified this as a risk in the risk register
C. Documented all assumptions
D. Crashed the project schedule

Correct Answer: B

QUESTION 44
A project manager working with a risk-averse financial firm has just started a new project. The project sponsor
is extremely concerned that the project may run over budget and is looking to the project manager for
confirmation that this won't happen. In order to alleviate the sponsor's concerns, what should the project
manager do?

A. Use historical data analysis.

B. Run a Monte Carlo simulation.
C. Create the probability and impact matrix.
D. Perform a strengths, weaknesses, opportunities, and threats (SWOT) analysis.

Correct Answer: D

QUESTION 45
An opportunity is outside the scope of the project is discovered by the project team. The project manager
decided to update the risk register and escalate the opportunity to a higher level. What should the project
manager do next with this opportunity?
A. Further monitoring the opportunity
B. No more action is required.
C. Establish a contingency reserve to handle this opportunity.
D. Share this opportunity with another project.

Correct Answer: B

QUESTION 46
An issue that had not been registered as a risk appeared. This issue may have a big impact on the project.
What should the project manager do?

A. Avoid managing the issue as it was not registered as a risk for the project
B. Hold a meeting with the project team and relevant stakeholders to agree on the best way to manage
the issues.
C. Delay the project until the issue is addressed
D. Inform the sponsor that the issue is addressed

Correct Answer: B

QUESTION 47
You are managing a project where several risks have been identified. For low-priority threats, you decide to
forgo the development of risk responses and only establish contingency reserves. What risk strategy are you
using in this situation?

A. Acceptance
B. Mitigation
C. Avoidance
D. Transfer

Correct Answer: A

QUESTION 48
Your company was awarded a contract that includes a 10% bonus payment if the project is completed two
months early. You consider several options to exploit this opportunity. What is the best course of action for you
to increase the chances of receiving the bonus?

A. Purchase insurance
B. Reduce project scope
C. Crash the schedule
D. resources leveling

Correct Answer: C

QUESTION 49
In a daily standup meeting, a team member indicates that they found a big risk that was previously unknown.
How should the agile coach proceed?

A. Use the rest of the standup meeting to discuss this important issue
B. Escalate the risk to the customer
C. Ask the affected team members to stay after the meeting to discuss the issue in more detail
D. Ask to meet with the developer after the meeting to get more details

Correct Answer: C
QUESTION 50
While performing project work, a team member notices that there is a potential new risk, which could impact
the project's critical path. What should the team member do immediately?

A. Document the risk in the risk register

B. Recommend the project be placed on hold for a day to avoid the risk
C. Draft an emergency fallback plan since the critical path is in jeopardy
D. Generate a risk report using qualitative analysis of the identified risk to alert the team of the
schedule impacts

Correct Answer: A

QUESTION 51
A product owner meets with the agile team and stakeholders to prioritize features in the product backlog. Each
feature is categorized based on the risk associated with its development and the value the feature provides to
the customer. Which features should the product owner prioritize to be developed first in order to maximize the
probability of project success?

A. Low-risk / high-value
B. High-risk / high-value
C. High-risk / low-value
D. Low-risk / low-value

Correct Answer: B

QUESTION 52
You are planning risk management activities for a small project you are leading. The project team is having
trouble assigning cost and schedule impacts to the identified risks due to a lack of high-quality numeric data.
What is your best course of action?

A. Proceed directly to the Plan Risk Responses process

B. Request the numeric data from the project sponsor
C. Release the project team and terminate the project
D. Make up numeric data and evaluate on a quantitative basis

Correct Answer: A

QUESTION 53
You have just started a project. Some of the risks that you are anticipating for this project might have surfaced
in previous projects. Which of the following would you review to see how these risks and issues were handled?

A. Project management Plan

B. Lessons learned repository
C. Lesson learned register
D. Policies and procedures

Correct Answer: B

QUESTION 54
Your team has finished identifying risks for your project and is now analyzing the quality of risk data. What
should be done next?

A. Applying a probability and impact matrix

B. Running a Monte Carlo simulation
C. Creating a response plan
D. Conducting a reserve analysis

Correct Answer: A

QUESTION 55
During a risk review meeting for project nearing completion, a new risk has been identified. This risk may affect
the project's schedule. What should the project manager do first?

A. Implement the response plan

B. Mitigate the risk
C. Analyze the risk
D. Alert the project sponsor of the potential impact

Correct Answer: C

QUESTION 56
You are a project manager leading a project, where you have twelve programmers. Two of them have just
handed in their letters of resignation. This realized risk had been identified and accounted for during the
planning stage of the project. If no action is taken, you will not meet your deadlines. What should you do next?

A. Crash the schedule

B. Review the risk register
C. Perform the Plan Risk Responses process
D. Submit a change request to update the schedule baseline

Correct Answer: B

QUESTION 57
Project stakeholders meet to discuss the threat of a severe staff shortage due to a potential union workers
strike that might take place during project execution. With various response strategies on the table, the
stakeholders want to make a decision as to how to address the issue should the threat realizes. What response
strategy will the stakeholders be using while deciding to implement one of the following decisions? (Drag and
drop the items from left right )

Avoid>>>>>>>>>>>> Cancel the project

Transfer>>>>>>>>> Outsource staffing
Mitigate>>>>>>>>> Automate processes
Accept>>>>>>>>>>> Hire reserve workers
Escalate>>>>>>>>> Delegate to management

Explanation
* Risk avoidance is when the project team acts to eliminate the threat or protect the project from its impact. T
he avoid strategy, including project cancellation, may be adopted when the level of overall project risk is
significantly negative.
* Transferring the risk involves shifting ownership of a threat to a third party to manage the risk and bear the
impact if it occurs. Examples of risk transferring include the use of insurance, warranties, guarantees, etc.
These actions typically involve payment of a risk premium to the party taking on the threat. In risk mitigation,
the action is taken to reduce the probability and/or impact of a risk – automating processes aims to do just
that (assuming some project tasks can be done automatically rather than manually).
* When a risk is actively accepted, its existence is acknowledged, but no immediate proactive action is taken;
instead, a reserve is put in place.
* Hiring reserve workers are an example of risk acceptance.
* Lastly, when escalating risk to management, a project team acknowledges that decision-making related to the
risk is out of the project team's control and beyond their level of authority.

A.
B.
C.
D.

Correct Answer:

QUESTION 58
When should the project manager plan for risk identification activities?

A. During the Plan Risk Management process

B. During the Perform Qualitative Risk Analysis process
C. Ongoing throughout the project
D. During the Perform Quantitative Risk Analysis process

Correct Answer: C

QUESTION 59
You are developing a new financial management system for your organization. The project is currently on track
and performing well against the cost and schedule baselines. Recently, the government has announced that it
is considering some changes to the current regulations that can have a significant impact on your project.
However, there is only a 5% chance that the new regulation will take effect before you deliver the project.
However, if this does happen, you would need an additional three months and $50,000 to make the necessary
updates to the system. What must you do immediately?

A. Add this to the risk register, analyze the risk, and identify potential risk responses.
B. Issue a change request asking for an additional $2,500 for expected value of the risk.
C. There is a slim chance that the risk will occur. Accept the risk.
D. Issue a change request asking for an additional $50,000 funding.

Correct Answer: A

QUESTION 60
Mark is managing a robotic process automation project. A number of project risks were identified during a risk
review meeting and corresponding risk management strategies were planned. Mark now wants to assign a risk
owner for each project risk for which a risk response action is planned. Where must he update this information?

A. Project charter
B. Stakeholder register
C. Resource management plan
D. Risk register

Correct Answer: D

QUESTION 61
During the development of a product, multiple identified risks have now become issues, which is hindering the
team's velocity. What should the project manager do in this situation?

A. Prioritize the user stories with issues and have the team resolve them.
B. Document the issues and extend the project delivery timeline.
C. Update the project management plan and risk management plan.
D. Convene the steering committee and inform them of the impact to the project.

Correct Answer: A

QUESTION 62
A project manager is working on a critical path activity and notices a delay in product delivery due to an
anticipated event. What should the project manager do first?

A. Update the risk register

B. Follow the risk response plan
C. Prepare a change request
D. Use the contingency fund.

Correct Answer: B

QUESTION 63
The project manager of a high-risk project is concerned about a delay in the schedule that might force the
project to move its go-live date. What should the project manager do next?

A. Capture the risk in the risk register and monitor it to prevent it from becoming an issue by taking the
proper response action.
B. Ensure that the project meets the committed time lines as this is the core objective and purpose of
the project.
C. Ask the sponsor to start a new project to support the existing project and help it meet the original
time line
D. Raise a change request to the change control board (CCB) to ask for funds to onboard new
resources to expedite the project

Correct Answer: A

QUESTION 64
A defect is identified during user acceptance testing that could significantly impact the system's performance.
The project team has advised that this defect puts the delivery date at risk. Which risk management process
should be performed?

A. Perform Qualitative Risk Analysis, to assess the extent of the system performance impact
B. Plan Risk Responses, to outline the possible options to bypass the system performance issue
C. Monitor Risks, to install system performance monitoring tools and update the risk register
D. Perform Quantitative Risk Analysis, to outline the details of the system performance issues

Correct Answer: A

QUESTION 65
An organization is transitioning to agile. The project manager is discussing how to manage risks with the
development team in light of the transition for a particular project. The team estimates the risk level as low.
What should the project manager do?

A. Create a risk register and include a single generic risk, set the level to low, and then close the risk
at the end of the project
B. Create a risk register to identify, capture, review, and manage risks using a risk management
process
C. Trust the development team's risk estimation and inform the project sponsor that the risks will be
evaluate data later time.
D. Capture all the backlog entries assessed by the development team to have evidence that risk
management has been completed

Correct Answer: B