PMP Questions ID 4172 risk attitude is an enterprise environmental factor that you should evaluate when performing the

Risk attitude is an enterprise environmental factor that you should evaluate when performing the Plan Risk Management process. Risk attitude consists of which of the following elements?

Select two

Risk appetite

Risk urgency

Risk tolerance

Risk threshold

Risk manageability

PMP Question No 4171 - All Domains

Your hardware vendor left you a voicemail saying that a snowstorm in the Midwest will prevent your equipment from arriving on time. You identified a risk response strategy for this risk and have arranged for a local company to lease you the needed equipment until yours arrives. This is an example of which risk response strategy?

Select one

Transfer

Acceptance

Mitigate

Avoid

Answer

PMP Question No 4170 - All Domains

Your stakeholders have asked for an analysis of the cost risk. Which of the following are true?

Select three

Monte Carlo analysis is the preferred method to use to determine the cost risk.

Monte Carlo analysis is a simulation technique that computes project costs one time.

A traditional work breakdown structure can be used as an input variable for the cost analysis.

Monte Carlo usually expresses its results as probability distributions of possible costs.

Answer

PMP Question No 4169 - All Domains

You are constructing a probability and impact matrix for your project. Which of the following statements are true?

Select two

The probability and impact matrix multiplies the risk's probability by the cost of the impact to determine an expected value of the risk event.

The probability and impact matrix uses sensitivity analysis to analyze the potential impact of risk events and to determine which event has the greatest potential for impact.

The probability and impact matrix prioritizes the combination of probability and impact scores using predetermined thresholds that are set by the organization, which helps determine which risks need response plans.

The probability and impact matrix multiplies the risk's probability by the risk impact—which both fall between 0.0 and 1.0—and uses a predetermined threshold to determine the overall score.

Answer

PMP Question No 4168 - All Domains

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 trigger.

This is a contingency plan.

This is a residual risk.

This is a secondary risk.

Answer