PMP Questions ID 4167 you ve identified a risk event on your current project that could save 500 000 in project costs

You've identified a risk event on your current project that could save $500,000 in project costs if it occurs. Your organization is considering hiring a consulting firm to help establish proper project management techniques in order to ensure it realizes these savings. Which of the following is true based on this statement?

Select one

This risk event should be mitigated to take advantage of the savings.

This is a risk event that should be accepted because the rewards outweigh the threat to the project.

This risk event is an opportunity to the project and should be exploited.

This is a risk event that should be shared to take full advantage of the potential savings.

You've identified a risk event on your current project that could save $100,000 in project costs if it occurs. Which of the following is true based on this statement?

Select one

This is a risk event that should be accepted because the rewards outweigh the threat to the project.

This risk event is an opportunity to the project and should be exploited.

This risk event should be mitigated to take advantage of the savings.

This is a risk event that should be avoided to take full advantage of the potential savings.

Your project has a high degree of uncertainty about the project requirements. You decide to use an agile approach to manage the project in order to achieve which of the following?

Select one

Decrease the risk of rework

Produce accurate requirements in a faster timeframe than in a predictive methodology

Increase knowledge among cross-functional team members, which helps them understand and manage risks

Reduce risk and maximize business delivery

All of the above

You are using criticality analysis to determine risk impact. You have calculated an index for each risk and realize the more activities the risk impacts, the higher the index. The index is used as an input to a simulation. Which risk does criticality analysis assess?

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?

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