PMP Questions ID 4163 you are performing the perform qualitative risk analysis process and want to display proximity an

You are performing the Perform Qualitative Risk Analysis process and want to display proximity and connectivity and their impacts on the project. Which of the following methods will you use?

Select one

Influence diagram

Bubble chart

Tornado diagram

Histogram

You are using the representations of uncertainty technique of the Perform Quantitative Risk Analysis process. All of the following statements are true regarding this technique except for which one?

Select one

Beta and triangular distributions are commonly used in this process.

Normal and lognormal distributions use mean and standard deviation to quantify risks.

Continuous probability distributions are graphically displayed and depict the impact of the risk event.

Triangular distributions rely on optimistic, pessimistic, and most likely estimates to quantify risks.

Select two

The risk management plan describes the strategies for overall project risks.

The risk management plan includes a description of the responses to risks and triggers.

The risk management plan includes risk thresholds, risk scoring and risk interpretation methods, responsible parties, and budgets.

The risk management plan is an input to all the remaining risk-planning processes and enhances the probability of risk management success.

Which of the following address the purpose of the Perform Qualitative Risk Analysis process?

Select three

Quantifying the aggregate risk exposure for the project

Assessing the probability and consequences of identified risks to the project objectives

Using Monte Carlo simulation and decision tree analysis to determine risk exposure and responses

Determining and assigning risk scores to each risk

Prioritizing the list of risks according to their effects on the project objectives

You are a project manager for Fountain of Youth Spring Water bottlers. Your project involves installing a new accounting system, and you're performing the risk-planning processes. You have identified a variability risk and an ambiguity risk. Which of the following is not true regarding these risks?

Select one

Variability risk is uncertainty about the event or activity.

Ambiguity risk is addressed using data analysis.

These are types of non-event risks.

Decisions, skills and abilities, and knowledge of team members is a type of non-event risk.

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