Q:2-Your project team has completed the quantitative risk analysis for your project work. Based on their findings, they need to update the risk register with several pieces of information. Which one of the following components is likely to be updated in the risk register based on their analysis?
Mark one answer:
Listing of risk responses
Risk ranking matrix
Listing of prioritized risks
Qualitative analysis outcomes

Q:3-You work as a project manager for BlueWell Inc. Management has asked you to work with the key project stakeholder to analyze the risk events you have identified in the project. They would like you to analyze the project risks with a goal of improving the project's performance as a whole. What approach can you use to achieve this goal of improving the project's performance through risk analysis with your project stakeholders?
Mark one answer:
Involve subject matter experts in the risk analysis activities
Involve the stakeholders for risk identification only in the phases where the project directly affects them
Use qualitative risk analysis to quickly assess the probability and impact of risk events
Focus on the high-priority risks through qualitative risk analysis

Q:4-Which of the following is NOT true for risk management capability maturity level 1?
Mark one answer:
There is an understanding that risk is important and needs to be managed, but it is viewed as a technical issue and the business primarily considers the downside of IT risk
Decisions involving risk lack credible information
Risk appetite and tolerance are applied only during episodic risk assessments
Risk management skills exist on an ad hoc basis, but are not actively developed

Q:5-You are the project manager of a large construction project. This project will last for 18 months and will cost $750,000 to complete. You are working with your project team, experts, and stakeholders to identify risks within the project before the project work begins. Management wants to know why you have scheduled so many risk identification meetings throughout the project rather than just initially during the project planning. What is the best reason for the duplicate risk identification sessions?
Mark one answer:
The iterative meetings allow all stakeholders to participate in the risk identification processes throughout the project phases.
The iterative meetings allow the project manager to discuss the risk events which have passed the project and which did not happen.
The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.
The iterative meetings allow the project manager to communicate pending risks events during project execution.