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NEW QUESTION 24
You work as a project manager for BlueWell Inc. You are performing the quantitative risk analysis for your project. One of the project risks has a 50 percent probability of happening, and it will cost the project $55,000 if the risk happens. What will be the expected monetary value of this risk event?
- A. Zero - the risk event has not yet occurred
- B. Negative $27,500
- C. Negative $55,000
- D. Negative $26,000
Answer: B
NEW QUESTION 25
Which types of project tends to have more well-understood risks?
- A. Recurrent projects
- B. First-of-its kind technology projects
- C. Operational work projects
- D. State-of-art technology projects
Answer: A
NEW QUESTION 26
You are the project manager of the HQQ Project for your company. You are working with your project stakeholders to discuss the risks in the project that can adversely affect the project objectives. You are discussing the possibilities of causes for an identified risk event in your project. Your stakeholder is confused on the difference between causes and risk events. Which of the following is NOT an example of a cause for a project risk?
- A. Schedule constraints on the project
- B. Quality assurance programs within the company
- C. Work permit requirements
- D. Limited team members to complete the project work
Answer: B
NEW QUESTION 27
Joan is the project manager of the BTT project for her company. She has worked with her project to create risk responses for both positive and negative risk events within the project. As a result of this process Joan needs to update the project document updates. She has updated the assumptions log as a result of the findings and risk responses, but what other documentation will need to be updated as an output of risk response planning?
- A. Technical documentation
- B. Lessons learned
- C. Scope statement
- D. Risk Breakdown Structure
Answer: A
NEW QUESTION 28
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