Risk management + Integration management

Workarounds are determined during which risk management process?

• Identify Risks
• Perform Quantitative Risk Analysis
• Plan Risk responses
• Monitor Risks

Most of the project risks will be identified during which risk management processes?

• Perform Quantitative Risk Analysis and Identìy Risks
• Identify Risks and Monitor Risks
• Perform Qualitative Risk Analysis and Monitor Risks
• Identify Risks and Perform Qualitative Risk Analysis

All the following are always inputs to the risk management process except:

• Historical information
• Lessons learned
• Work breakdown structure
• Project status reports

Outputs of the Plan Risk Responses process include:

• Residual risk, fallback plans, and contingency reserves
• Risk triggers, contracts, and a risk list
• Secondary risks, process updates, and risk owners
• Contingency plans, project management plan updates, and sensitivity analysis

What is the purpose of Plan Mitigation actions?

• to reduce the probability and/or the impact of risks before those risks occur
• to increase the probability and/or the impact of risks before those risks occur
• to reduce the impact if a risk does occur
• to increase the impact if a risk does occur

What is the purpose of Plan Contingency actions? 

• to reduce the probability and/or the impact of risks before those risks occur
• to increase the probability and/or the impact of risks before those risks occur
• to reduce the impact if a risk does occur
• to increase the impact if a risk does occur

Which process is included in Project Integration Management?

• Develop Scope
• Develop Project Management Plan
• Manage and Control work
• Review Scope Verification

Which of the following is most important when it comes to change from Project Manager’s perspective?

• Inform the sponsor about the change
• Record and track the progress of the change
• Avoid the change
• Prevent uncontrolled change

You are assigned to a project which is already half complete. You go over the Project Management Plan and reports and realize that the project is well within baselines. Next day, you meet the customer who isn’t happy with the absenteeism on the team meetings. What should be your next step?

• Ask the previous Project Manager to sort out the customer issues as part of the knowledge transfer
• Explain to the customer how projects are managed and being within baselines implies everything is on track
• Escalate the issue
• Call a meeting with your project team to come up with possible solutions

The latest change request you received does not impact the project cost. As a Project Manager, what should be your next step?

• Speak to your Manager about the Change Request
• Send the Change Request to the Change Control Board (CCB)
• Evaluate the impact on other project constraints
• Go ahead and make the change