PMP Questions ID 1785 which of these is a valid negative risk response

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Enhance

Mitigate

Exploit

A project manager has decided to use a decision tree to do a build or upgrade analysis. The build requires an investment of $200M. On the build decision branch, there is a 60 percent probability of strong demand (yielding a revenue of $400M) and a 40 percent probability of weak demand (yielding a revenue of $150M). What is the expected monetary value (EMV) of the build?

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$300M

$140M

$200M

$100M

Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process. How often should project risk reassessment be scheduled?

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Reassessment is necessary at the 20 percent, 40 percent, 60 percent and 80 percent stages of project completion.

It depends on how the project progresses relative to its objectives.

Reassessment is necessary at the 50 percent and 75 percent stages of project completion.

Reassessment is necessary at the 25 percent, 50 percent, and 75 percent stages of project completion.

A small project with a limited budget is trying to curtail costs. Which of the following processes may be eliminated in such a project?

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Perform Qualitative Risk Analysis

Perform Quantitative Risk Analysis

Identify Risks

Plan Risk Management

You are the project manager of a project and are about to conduct a risk identification exercise in a few days’ time. You want to remind the participants in the exercise beforehand of the various sources from which risk may arise in the project. What could you use to help you do this?

New PMP Question & Answers with explanation