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QUESTION: 26

You are project manager for ABD project. You, with your team, are working on the following activities:

-Probabilistic analysis of a project.
-Probability of achieving cost and time objectives.
-Trends in Qualitative Risk Analysis results.

On which of the following processes are you working on?

Plan Risk Management
Perform Quantitative Risk Analysis
Perform Qualitative Risk Analysis
Identify Risks

Answer(s): B

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QUESTION: 27

Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?

Group stakeholders according to positive and negative stakeholders and then complete the risk analysis
Determine the risk root cause rather than the person identifying the risk events
Establish risk boundaries
Establish definitions of the level of probability and impact of risk event

Answer(s): D

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QUESTION: 28

Tom is the project manager for his organization. In his project he has recently finished the risk response planning. He tells his manager that he will now need to update the cost and schedule baselines. Why would the risk response planning cause Tom the need to update the cost and schedule baselines?

New or omitted work as part of a risk response can cause changes to the cost and/or schedule baseline.
Risk responses protect the time and investment of the project.
Risk responses may take time and money to implement.
Baselines should not be updated, but refined through versions.

Answer(s): A

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QUESTION: 29

Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to last 14 months and has a budget at completion of $4,555,000. Tracy's organization will receive a bonus of $80,000 per day that the project is completed early up to $800,000. Tracy realizes that there are several opportunities within the project to save on time by crashing the project work. Crashing the project is what type of risk response?