Question 1

Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology. Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?

Options :

A : Risk register

B : Risk low-level watch list

C : Project scope statement

D : Project charter

Answer: A

Question 2

Ted is the project manager of the HRR project for his company. Management has asked that Ted periodically reviews the contingency reserve as risk events happen, pass, or are still pending. What is the purpose of reviewing the contingency reserve?

Options :

A : It helps to evaluate if the remaining reserve is adequate for the risk exposure.

B : It helps to determine how much more funds will need to be invested in the project.

C : It helps to evaluate secondary and residual risks related to the risk responses and their costs.

D : It helps to determine the probability and impact of project risks.

Answer: A

Question 3

A stakeholder is asked to approve additional funding to implement a risk response plan. However, the stakeholder is unsure of the amount that could be approved without escalation. Where should the stakeholder look to determine the amount that can be approved?

Options :

A : Project charter

B : Risk management plan

C : Risk register

D : Organizational process assets

Answer: B

Question 4

During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customer's electrical infrastructure. This event was originally identified as a risk during earlier stages of the project and the associated risk response indicated a plan to purchase a new power adapter. Which project fund will be used to cover this cost?

Options :

A : Management reserve

B : Management budget

C : Project budget

D : Contingency reserve

Answer: D

Question 5

A risk facilitator is creating an outline for the risk management plan. To ensure alignment with the project's objectives, and to develop and recommend the project's risk strategy, what should be referenced to create this?

Options :

A : Project management plan, project charter, stakeholder register, and organizational process assets

B : Risk register, project charter, stakeholder register, and organizational process assets

C : Project management plan, risk register, stakeholder register, and organizational process assets

D : Strengths, weaknesses, opportunities, and threats (SWOT) analysis, project charter, stakeholder register, and organizational process assets

Answer: A

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