QUESTION: 125

Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk event has a high cost impact on the project. Bill discusses the risk event with Virginia, the primary project customer, and she decides that the requirements surrounding the risk event should be removed from the project. The removal of the requirements does affect the project scope, but it can release the project from the high risk exposure.
What risk response has been enacted in this project?

Acceptance
Mitigation
Avoidance
Transference

Answer(s): C

Reveal Solution Next Question

QUESTION: 126

Which of the following statements is true about residual risks?

It is a weakness or lack of safeguard that can be exploited by a threat.
It can be considered as an indicator of threats coupled with vulnerability.
It is the probabilistic risk after implementing all security measures.
It is the probabilistic risk before implementing all security measures.

Answer(s): C

Reveal Solution Next Question

QUESTION: 127

Which of the following documents is described in the statement below? "It is developed along with all processes of the risk management. It contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning."

Risk register
Risk management plan
Project charter
Quality management plan

Answer(s): A

Reveal Solution Next Question

QUESTION: 128

You are the project manager of the GHY project for your organization. You are working with your project team to begin identifying risks for the project. As part of your preparation for identifying the risks within the project you will need eleven inputs for the process.
Which one of the following is NOT an input to the risk identification process?

Cost management plan
Quality management plan
Procurement management plan
Stakeholder register

Answer(s): C

Reveal Solution Next Question

Free CAP Exam Braindumps (page: 33)

QUESTION: 125

QUESTION: 126

QUESTION: 127

QUESTION: 128

CAP Exam Discussions & Posts