PMP Questions ID 1787 anne is the project manager of a project she has evaluated certain responses from prospective se

Anne is the project manager of a project. She has evaluated certain responses from prospective sellers and wants to select a contract model that will transfer risk to the seller. Which of the following should she select in order to achieve this?

Select one

Fixed price contract

Cost-Plus-Fixed-Fee contract

Time and Material contract

Cost-Plus-Incentive-Fee contract

PMP Question No 1786 - Risk

Which of these is accurate regarding risk management?

Select one

Organizations are not likely to perceive risk as a threat to project success.

It has its origins in the uncertainty present in all projects.

The attitudes of individuals and organizations must not be a factor affecting risk management.

It is a passive activity in project management.

Answer

PMP Question No 1785 - Risk

Which of these is a valid negative risk response?

Select one

Exploit

Mitigate

Enhance

Answer

PMP Question No 1780 - Risk

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?

Select one

$300M

$140M

$200M

$100M

Answer

PMP Question No 1774 - Risk

Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process.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?

Select one

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.

Answer