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Free CAP Exam Braindumps (page: 27)

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Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes.
What is the primary advantage to group risks by common causes during qualitative risk analysis?

  1. It can lead to developing effective risk responses.
  2. It can lead to the creation of risk categories unique to each project.
  3. It helps the project team realize the areas of the project most laden with risks.
  4. It saves time by collecting the related resources, such as project team members, to analyze the risk events.

Answer(s): A



You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference.
What should you tell Nancy?

  1. Risk identification is an iterative process so any changes to the low probability and low impact risks will be reassessed throughout the project life cycle.
  2. Risks with low probability and low impact are recorded in a watchlist for future monitoring.
  3. All risks, regardless of their assessed impact and probability, are recorded in the risk log.
  4. All risks are recorded in the risk management plan

Answer(s): B



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 the goal of improving the project's performance through risk analysis with your project stakeholders?

  1. Involve subject matter experts in the risk analysis activities
  2. Focus on the high-priority risks through qualitative risk analysis
  3. Use qualitative risk analysis to quickly assess the probability and impact of risk events
  4. Involve the stakeholders for risk identification only in the phases where the project directly affects them

Answer(s): B



Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit you're your organization seizes this opportunity it would be an example of what risk response?

  1. Opportunistic
  2. Positive
  3. Enhancing
  4. Exploiting

Answer(s): D






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