What is the number of stakeholders, if the project has 28 potential communication channels?
Answer(s): B
Number of communication channels with 'n' members = n*(n-1)/2
Which of the following risk response strategies involves allocating ownership of a positive risk to a third party?
Answer(s): C
Which activity is an input to the Conduct Procurements process?
Answer(s): A
2.1.4 Organizational Process AssetsOrganizational process assets are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. They include any artifact, practice, or knowledge from any or all of the organizations involved in the project that can be used to perform or govern the project. The process assets also include the organization’s knowledge bases such as lessons learned and historical information.Organizational process assets may include completed schedules, risk data, and earned value data. Organizational process assets are inputs to most planning processes. Throughout the project, the project team members may update and add to the organizational process assets as necessary. Organizational process assets may be grouped into two categories: (1) processes and procedures, and (2) corporate knowledge base.Process: 12.2 Conduct ProcurementsDefinition: The process of obtaining seller responses, selecting a seller, and awarding a contract.Key Benefit: The key benefit of this process is that it provides alignment of internal and external stakeholder expectations through established agreements.Inputs1. Procurement management plan2. Procurement documents3. Source selection criteria4. Seller proposals5. Project documents6. Make-or-buy decisions7. Procurement statement of work8. Organizational process assets Tools & Techniques1. Bidder conference2. Proposal evaluation techniques3. Independent estimates4. Expert judgment5. Advertising6. Analytical techniques 7. Procurement negotiationsOutputs1. .Selected sellers2. .Agreements3. .Resource calendars4. .Change requests5. .Project management plan updates6. .Project documents updates
Which of the following investigates the likelihood that each specific risk will occur?
Answer(s): D
11.3.2.1 Risk Probability and Impact AssessmentRisk probability assessment investigates the likelihood that each specific risk will occur. Risk impact assessment investigates the potential effect on a project objective such as schedule, cost, quality, or performance, including both negative effects for threats and positive effects for opportunities.Probability and impact are assessed for each identified risk. Risks can be assessed in interviews or meetings with participants selected for their familiarity with the risk categories on the agenda. Project team members and knowledgeable persons external to the project are included.The level of probability for each risk and its impact on each objective is evaluated during the interview or meeting.Explanatory detail, including assumptions justifying the levels assigned, are also recorded. Risk probabilities and impacts are rated according to the definitions given in the risk management plan. Risks with low ratings of probability and impact will be included within the risk register as part of the watch list for future monitoring.
What is a hierarchically organized depiction of the identified project risks arranged by risk category?
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