Free PPM-001 Exam Braindumps (page: 33)

Page 33 of 164

You are the project manager for a new website for the local zoo. You need to perform Qualitative Risk Analysis.
When you've completed this process, you'll produce all of the following as part of the risk register update output except which one?

  1. Probability of achieving time and cost estimates
  2. Watch list of low-priority risks
  3. Priority list of risks
  4. Risks grouped by categories

Answer(s): A

Explanation:

Probability of achieving time and cost estimates is an update that is produced from the Quantitative Risk Analysis process.



A clear definition of the user's needs serves as the direct basis for the:

  1. Selection of personnel.
  2. Termination decision.
  3. Work breakdown structure.
  4. Functional requirements.
  5. Project cost estimate.

Answer(s): D



A summary WBS is usually developed in the

  1. close-out phase
  2. All of the other alternatives apply phases
  3. implementation phase
  4. planning phase
  5. Conceptual phase

Answer(s): D



Many companies self insure against some risk. Problems which can arise from self- insurance include:

  1. confusion of business risks with insurable risks.
  2. Both 1) failure to reserve funds to handle worst case scenarios (low probability events) resulting in severe financial damage to the company, and 2) confusion of business risks with insurable risks.
  3. stiff competition from insurance companies
  4. All of the other alternatives apply.
  5. failure to reserve funds to handle worst case scenarios (low probability events) resulting in severe financial damage to the company

Answer(s): B



Page 33 of 164



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