Risk 10 soal (Chapter 11)

You are facilitating a meeting with several subject matter experts and the project team. The goal of this meeting is to obtain a comprehensive list of individual project risks and sources of overall project risk. The free-form style of the meeting is proving to be highly productive with active participation from all of the meeting participants.

Which tool or technique is being used in this scenario?

• Bidder conference

• Risk register

• Brainstorming

• Monitor Risks

Which of the choices below is an input of the Implement Risk Responses process?

• Risk report updates

• Lessons learned register updates

• Risk register updates

• Risk management plan

A multiyear construction project is scheduled to purchase tons of steel over the course of the project. After the first year, a large tariff was placed on imported steel, sending prices up. The risk response plan is being implemented with little success. It is deemed that the procurement agreement needs to be revised to an FP-EPA contract.

What would be the most likely resulting output of implementing the risk response?

• Control procurements

• Change request

• Cost variance

• Risk avoidance

A project manager is leading a project in which unseasonal weather conditions have caused the office building construction project to run well behind schedule. What could the project manager have done differently earlier in the project to address the unpredictability of weather conditions?

• Pre-assigned team members during project initiation

• Utilized risk exploiting as a risk response strategy

• Developed a cause-and-effect diagram

• Conducted a Monte Carlo analysis

Which tool and technique used during the Implement Risk Responses process helps the project manager to encourage nominated risk owners to take necessary action where required?

• Data gathering

• Influencing

• Expert judgment

• Project management information system

When reviewing the issue log, the project manager finds a new entry indicating that additional fencing is needed to address ground security risks on the project. After reviewing the risk register, she finds ground security among the risks identified during project planning. She wants to address the risk but is not sure if the project has enough funds to cover it.

Which data analysis technique can be used to make this determination?

• Technical performance analysis

• Reserve analysis

• Contingency analysis

• Risk audit

Your company was awarded a contract that includes a 10% bonus payment if the project is completed two months early. You consider several options to exploit this opportunity. What is the best course of action for you to increase the chances of receiving the bonus?

• Reduce project scope

• Level resources

• Crash the schedule

• Purchase insurance

Which of the following is a tool and technique used in the Monitor Risks process that compares technical accomplishments during project execution to the schedule of technical achievement?

• Risk audits

• Reserve analysis

• Technical performance analysis

• Alternative analysis

Which of the following is a tool and technique of the Perform Qualitative Risk Analysis process?

• Probability and impact matrix

• Reserve analysis

• Strategies for threats

• Schedule network analysis

As part of the planning process, the project manager conducts a meeting with some of the key stakeholder. The purpose of the meeting is to identify the risks associated with the new project. The meeting is highly productive with all members making valuable contributions. At the conclusion of the meeting, a list of risks and potential risk owners has been identified. Where should the project manager capture this information?

• RACI chart

• Requirement traceability matrix

• Risk register

• Risk assessment log