PMP Questions ID 2355 your risk report shows that project risk exposure overall has grown close to a negative threshold

Your risk report shows that project risk exposure overall has grown close to a negative threshold. Before the next regular meeting, you ask risk owners to present any risks and opportunities that may affect short-term activities. In the meeting, it becomes clear that risk owners from less engaged departments did not implement some of the previously approved responses. What should you do now to reduce risk exposure?

Select one

Submit a change request to exploit an opportunity that potentially makes up for the undone risk responses

Reassign the risk ownership to team members who are in departments that are more engaged in the project

Escalate the issue by calling a meeting with the risk owners and their managers to discuss disciplinary measures

Privately confront the risk owners with the issue and collaborate to remove any impediments to the risk responses

Your project team has recently identified a risk in the software development project and decided not to change the project management plan to deal with the risk. The risk response strategy that your team used in this scenario is an example of:

Jen works as a project manager for the National Weather Agency. She is managing a project designed to assess the effect of climate change on northern mountains. The initial study established a two months’ delay for the testing equipment to reach mountains due to road construction. However, a recent assessment has indicated a significantly shorter delay because of rapid progress in construction. To deal with the shorter delay, which of the following steps should Jen take next?

Select one

The effect of various risks on project scope, cost, and quality is numerically analyzed in the perform quantitative risk analysis process.

Positive risks are mitigated during the plan risk responses process.

Stakeholder analysis is performed during the plan risk management process.

Risk report is produced during the perform quantitative risk analysis process.

Velvet is working for a chemical industry, and her management proposed two different projects to manufacture benzene for commercial use. After doing financial analysis, the financial advisor provided her with the following statistics about the projects: Project 1: 60 percent probability of success with a profit of $500,000 and 20 percent probability of failure with a loss of $200,000. Project 2: 30 percent probability of success with a profit of $300,000 and 30 percent probability of failure with a loss of $400,000. Based on the information above, Velvet should choose:

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