PMP Questions ID 4168 your hardware vendor left you a voicemail saying that a snowstorm in the midwest might prevent yo

Your hardware vendor left you a voicemail saying that a snowstorm in the Midwest might prevent your equipment from arriving on time and they are watching the weather closely. She wanted to give you a heads-up and asked that you return the call. Which of the following statements is true?

Select one

This is a contingency plan.

This is a secondary risk.

This is a trigger.

This is a residual risk.

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 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 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?

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