98 New PMP Risk Questions & Answers with explanation
61.
The fundamental lesson from the Theory of Constraints by Goldratt is:
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62.
A decision tree is a Perform Quantitative Risk Analysis technique. A decision tree is represented by a Decision Tree Diagram. The decision tree describes a situation under consideration, the implications of each of the available choices, and the possible scenarios. A Decision Tree Diagram shows how to make a decision among alternative capital strategies known as:
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63.
When are risk identification activities performed?
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64.
Risks may be identified during the entire lifecycle of a project. Identify Risks is what type of process?
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65.
The project manager in charge of a new credit card software project has asked the product manager to create a checklist to assist with identifying risks. A project manager can create a risk checklist from which of the following sources?
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66.
A number of identified risks occurred early in a project. As a result, most of the project objectives ended up in jeopardy. The project manager decided to present a case to management that the project be closed down. This is an example of:
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67.
You are the project manager of a project and are about to conduct a risk identification exercise in a few days’ time. You want to remind the participants in the exercise beforehand of the various sources from which risk may arise in the project. What could you use to help you do this?
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68.
A small project with a limited budget is trying to curtail costs. Which of the following processes may be eliminated in such a project?
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69.
Acceptance is a strategy adopted because it is not possible to eliminate all risks from a project. This strategy indicates that the project management team has decided not to change the project management plan to deal with a risk. What action does passive acceptance require?
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70.
While analyzing the risks in a project, a project manager updated the risk register with risk urgency assessment ratings. In which process would this be done?
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