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(Incorrect)
(Correct)
Explanation
Root cause analysis identifies the precipitating event that caused the failure. Frequently
organizations focus on the point of failure to address their corrective activities. The point of
failure is simply a symptom of the real problem that started much further upstream. The
point of the root cause analysis is not to fix the symptom, but to find the cause and eliminate
it.
Question 95: Incorrect
Who owns the resolution of any given risk on the project?
The team
(Incorrect)
The sponsor
The PM
It depends on the specific risk response being utilized اس پر منحصر ہے کہ مخصوص خطرے کا
جواب استعمال کیا جا رہا ہے
(Correct)
Explanation
Once again, three of the answers are somewhat correct depending on the situation
however, the bestanswer is it really depends on the specific risk response as to who owns
the risk.
Question 168: Incorrect
Contingency plans are implemented when used with which of the following?
Opportunities
Workarounds
Risk triggers
(Correct)
Threats
(Incorrect)
Explanation
Contingency plans are implemented with predetermined risk triggers.
(Correct)
Explanation
Crashing is a schedule compression technique that involved adding resources to the
activities and increasing costs.
Question 88: Incorrect
Your team has just completed quantitative risk analysis. What is the best thing to do
next?
qualtitive risk analysis
(Incorrect)
Control risks
(Correct)
Explanation
Project document updates is an expected outcome of finishing quantitative analysis.
Question 89: Incorrect
While conducting a periodic risk reassessment with the team, the PM decides to use
a source of information that contains forecasting data. Which one of the following
has the team most likely used?
Risk plan
(Incorrect)
Risk Register
(Correct)
Explanation
risk register
Question 103: Incorrect
The team has just began a round of quantitative analysis for an IT project. For this
analysis to be successful, what must have happened before this?
(Incorrect)
(Correct)
Explanation
Answer: C. A prioritized list of risks is necessary for quantitative analysis. A is incorrect as
the schedule and cost baselines might be updated, and then finalized by quantitative
analysis. B is incorrect as all risks cannot be identified by any single point in the project. D is
related to plan risk responses
Question 111: Incorrect
After analyzing the risks and developing the risk response plan, which technique
helps you see if the overall project risks have decreased?
EMV
Latin Hypercube
(Correct)
Tornado Analysis
EVM
(Incorrect)
Explanation
Explanation: Monte Carlo and Latin Hypercube techniques let you know if the overall project
risk has been reduced or not after developing the risk response strategies.
Question 127: Incorrect
Which of the following statement is true?
(Correct)
(Incorrect)
Explanation
Risk and stakeholder influence are high during the initiating and comes down as the time
progresses
Question 130: Incorrect
A project manager is using an S-Curve to reflect the various expenditures of
resources over the projected time of the project. This S-Curve indicates that:
(Correct)
The project resource cost would be directly proportional to the size of the project
(Incorrect)
Explanation
The S-Curve is used in project management as a means of representing the various
expenditures of resources over the projected time of the project or as a means of charting
the real-time expenditure of resources. This is important to project management in that it
can be used to monitor the project as it progresses and compare it to the projected S-Curve
to determine whether the project is being completed within the time and budget limitations.
The shape of the curve indicates the maximum cost and staffing levels are during the
execution of the project.
Question 143: Incorrect
what is not a true statment about perform quantitive risk analysis process?
assesses the discrete probability of occurence and impact on objectives if a risk event does
occur
(Correct)
(Incorrect)
Explanation
assesses the discrete probability of occurence and impact on objectives if a risk event does
occur is true for qualtitive risk process
Question 152: Incorrect
The project team has just delivered the most updated tornado diagram for your
review. It shows that the project is very sensitive to abrupt weather changes this late
in the year. What should you do with this information?
Determine the probability and impact of these weather changes and update the risk register.
(Incorrect)
(Correct)
Explanation
Tornado diagrams are used in quantitative risk analysis, which is followed by plan risk
responses. Choice A refers to qualitative analysis and Choice C is related to Monitor and
Control Project Work. D is what happens to low priority risks after risk identification, which
should have happened long before now.
Question 160: Incorrect
As a risk SME, your judgment is often sought by project sponsors. Recently, a
company requested your opinion about a potentially new building project in africia.
Based on the volatile weather conditions there you advised against taking the
project. What type of risk strategy have you recommended?
Transference
Avoidance
(Correct)
Mitigation
Acceptance
(Incorrect)
Explanation
Risk avoidance is the elimination of hazards, activities and exposures that can negatively
affect an organization
Question 167: Incorrect
Risk urgency should not be considered on which of the following?
Risk EMV
(Correct)
(Incorrect)
Warning signs
Explanation
the expected monetary value of the risk is not a factor in risk urgency assessment. The
other choices are considered.
Question 169: Incorrect
While determining which vendors might be selected for project work you decide they
must be licensed, bonded and insured. Which of the following describes your reason
for doing this?
You decided to transfer the impact of any substandard work to the vendor.
(Correct)
You decided to proactively reduce the chance of poor work by the vendor.
(Incorrect)
You decided to share the work opportunity with only the most qualified vendors.
Explanation
You are transferring the impact of any vendor associated work back to the vendor.
Ishikawa-diagram
(Correct)
Bar Chart
Pareto Diagram
Explanation
Explanation: Ishikawa-diagram diagram is also known as a Fishbone diagram, root cause
analysis diagram.Reference: The PMBOK Guide 5th Edition, Page: 236
Question 3: Incorrect
A project health check identified a risk that your project would not be completed on
time. As a result, you are quantifying the project's risk exposure and determining
what cost and schedule contingency reserves might be needed. You performed a
schedule risk analysis using Monte Carlo analysis. The basis for your schedule risk
analysis is the..........
WBS
Gantt chart
(Correct)
(Incorrect)
Explanation
Schedule network diagram and duration estimatesWhen determining the likelihood of
meeting the project's schedule end date through Monte Carlo, the schedule network
diagram and duration estimate are used as inputs to the simulation program. Cost of risk,
on the other hand, uses cost estimates from the WBS.
Question 10: Incorrect
The simplest form of quantitative risk analysis and modeling techniques
is…………......
Probability analysis
(Incorrect)
Sensitivity analysis
(Correct)
Delphi technique
Utility theory
Explanation
Sensitivity analysis, as a quantitative risk analysis and modeling technique, helps to
determine the risks that have the most potential impact on the project. It examines the
extent to which the uncertainty of each project element affects the objective being examined
when all other uncertain elements are held at their baseline values.
Question 14: Incorrect
The primary advantage of using decision-tree analysis in project risk management is
that it…………………...
(Correct)
(Incorrect)
Explanation
Forces consideration of the probability of each outcome,As a graphical way to bring
together information, decision-tree analysis quantifies the likelihood of failure and places a
value on each decision. Usually applied to cost and time considerations, this form of risk
analysis may be linked to a sensitivity analysis.
Question 117: Incorrect
Which of the following statements is true concerning risks?
(Correct)
All threats are risks and all opportunities result in a positive outcome
(Incorrect)
Explanation
All opportunities are in fact risks and all threats are considered negative. This is a true
statement. B is incorrect because all opportunities do not happen. C is incorrect because all
risks do not happen to become issues, and D is not true. Some risks are just accepted.
Question 119: Incorrect
Which of the following would be detailed within the risk management plan?
(Incorrect)
The agenda for the risk status meetings
(Correct)
Explanation
The agenda for the risk meetings may be published within the risk plan. The other choices
should be captured in the risk register.
Question 120: Incorrect
There are many types of project documents created during the project lifecycle. Many
of them contain information concerning project related risks. Which of the following
would most likely NOT be one of them?
(Correct)
Project charter
Risk register
(Incorrect)
Explanation
The Resource Breakdown Structure displays the necessary activity resources by category
and type. It does not display risk information. Choice B can contain risk assigned to the
seller. Choice C can contain high level risks, and Choice D is a primary risk document.
Question 128: Incorrect
Your project team has just finalized a risk meeting where they determined the
urgency of the identified risks. What should the team do in the next risk meeting?
(Incorrect)
(Correct)
Explanation
Risk urgency is determined in qualitative analysis, which is followed by quantitative
analysis.
.
Question 139: Incorrect
Which need is on the lowest level of Maslow’s Hierarchy of Needs?
Security
Physiological
(Correct)
Self Esteem
Self Actualization
(Incorrect)
Explanation
Explanation: Physiological needs are the lowest on Maslow’s Hierarchy of Needs. One must
fulfill his physiological needs before going for higher needs.
Question 10: Correct
As a project manager for a large IT project, you have sought many vendor solutions
for your project but they all seem expensive. You delay purchasing equipment for as
long as you can until you have no time left. At this point, you purchase equipment
from the cheapest vendor. Which strategy have you used?
(Correct)
Explanation
Even though you tried to proactively find a cheaper solution it never presented itself. When
you have no choice but to do whatever is necessary, that is acceptance.
An analysis to examine which strengths offset threats, and which opportunities may
overcome weaknesses
(Correct)
An analysis to examine which strengths offset opportunities, and which threats may
overcome weaknesses
(Incorrect)
Explanation
SWOT analysis purpose : An analysis to examine which strengths offset threats جس کو
خطرے سے بچانے کی طاقت ہوتی ہے, and which opportunities may overcome weaknesses
(Correct)
Risk Avoidance
Risk Transfer
Explanation
Explanation: Risk Passive Acceptance requires no action except to document the strategy,
leaving the project team to deal with the risks as they occur. Risk Active Acceptance
establishes contingency reserves. Risk Avoidance requires updating the Project
Management Plan. Risk Transfer transfers risks to other persons or
organizations.Reference: PMBOK® Guide 5th Edition, page 345
Perform a structured review of project plans and assumptions, both at the total project and
detailed scope levels.
Develop checklists to identify risks based on historical information and knowledge that has
been accumulated from previous similar projects.
Conduct interviews to quantify the probability and impact of risks on project activities.
(Correct)
Explanation
Justification: Risk data quality assessment is a tool for Perform Qualitative Risk
Analysis.Option 4: This is the correct answer. It refers to "Interviewing" which is a tool and
technique for Perform Quantitative Risk Analysis. Perform Quantitative Risk Analysis is
conducted after Perform Qualitative Risk Analysis.
Question 4: Incorrect
Your project sponsor has asked you to present your project's highlevel risk register
to him in the next project update meeting. To create your high-level risk register,
which of the following processesmust be performed?
(Incorrect)
Identify Risks
(Correct)
Control Risks
Explanation
A high-level risk register contains the identified risks only. The riskregister is created during
the Identify Risks process. [PMBOK 5th edition,Page 327] [Project Risk Management]
Question 9: Incorrect
Which of these statements about risk in a project is correct?
Risks are always negative in nature and are threats that need to be managed well
(Incorrect)
Risk responses reflect an organization's perceived balance between risk taking and risk
avoidance
(Correct)
Explanation
Risk responses reflect an organization's perceived balance between risk taking and risk
avoidance. خطرے سے متعلق ردعمل خطرے سے بچنے اور خطرے سے نجات کے درمیان تنظیم کا سمجھا توازن
ظاہر کرتا ہے. The other choices are incorrect. Risks need not be induced only external to the
project. For example, adopting a fast track schedule may be a conscious choice and result
in some risks. However, the reward to be gained may balance those risks. Risks need not
always be negative in nature. They may be positive as well. All projects need to plan for
risks. [PMBOK 5th edition, Pages 310, 311] [Project Risk Management
Question 84: Incorrect
What is the expected monetary value (EMV)?
(Correct)
(Incorrect)
Explanation
The expected monetary value (EMV) outlines the potential cost of a negative risk or the
potential benefit of a positive risk.
Risk analysis
Trend Analysis
(Incorrect)
Quantitative analysis
Variance analysis
(Correct)
Explanation
The tool that is used to explicitly evaluate واضح طور پر جائزہ لیںthe success of risk response
strategies is called a variance analysis. PMBOK® Guide, 5th edition, p.352
Inform the project sponsor and the stakeholders about the potential impact of the risk on the
project
(Correct)
(Incorrect)
Explanation
Justification: Perform Qualitative Risk Analysis is the process of priortizing risks for further
analysis or action by assessing and combining their probability of occurrence and impact.
The key benefit of this process is that it enables project managers to reduce the level of
uncertainty and to focus on high-priority risks.Reference: PMBOK® Guide - Fifth Edition,
page 328
(Correct)
Explanation
Interviews and probability distributions are tools that fall within the larger technique known
as data gathering and representation techniques.
Interviewing
Decision trees
(Incorrect)
(Correct)
Assumptions analysis
Explanation
firstly please determine which process you are in, which is qualitative analysis. Then you
had to determine which of the choices is used there. Only choice C is a tool used in this
process.
WPD is compared to the project plan in control risks and then the risk variance is moved to
monitor and control risks.
(Correct)
WPI is compared to the project plan in control risks and then the risk variance is moved to
monitor and control risks.
WPR is compared to the project plan in control risks and then the risk variance is moved to
monitor and control risks.
(Incorrect)
WPD is compared to the project plan in monitor and control risks and then the risk variance
is moved to control risks.
Explanation
Answer: A. Work performance data is compared to the plan, and the variance is called work
performance information, or WPI. WPI is then compiled into a work performance report in
the process of monitor and control project work
(Correct)
(Incorrect)
Explanation
Answer: A. When a new risk is identified, you must document the risk in the register. Then,
conduct the appropriate risk analysis, and if the risk exceeds your predetermined
thresholds, you must plan a response
Question 102: Incorrect
While determining which team members are most qualified to perform mandatory
project work, you decide that the risk is too great for any of them. Which of the
following should you do?
(Correct)
Avoid the work altogether
(Incorrect)
Explanation
Answer: A. If the work is mandatory, and you have no qualified resources, the best solution
is to transfer the risk to a third party.
It is a bar chart that compares the risk between unstable, and stables variables
(Correct)
It is a bar chart, and when ranked from greatest to least, it shows where the project team
should focus their efforts
(Incorrect)
It is a type of bar chart that can show percentages of schedule work complete
Explanation
A tornado diagram is a bar chart, and it compares unstable project variables against other
more stable elements.
Question 116: Incorrect
In which process do you create the plan to manage risks?
(Incorrect)
Control Risks
(Correct)
Identify Risks
Explanation
Explanation: In the Plan Risk Responses process you create the plan to manage the
identified risks.Reference: The PMBOK Guide 5th Edition, Page: 342
(Correct)
(Incorrect)
Meetings
Expert judgment
Explanation
Group decision making techniques used to assess multiple alternatives that will be used to
generate, classify and prioritize product requirements
Physiological, safety, Social, esteem, Self-actualization خود کی، عزت، سماجی، حفاظت،جسمانی
حقیقت
(Correct)
(Incorrect)
Explanation
Physiological, safety, Social, esteem, Self-actualization is the correct order
Question 159: Incorrect
In which process will you define what probability and impact mean for qualitative risk
analysis conducted during your project?
(Incorrect)
(Correct)
Control Risks
Explanation
Risk definitions are confirmed by stakeholders during Plan Risk Management.
(Incorrect)
(Correct)
Explanation
The discovery of a scope gap would be the riskiest of the choices. A scope gap is when
there is a legitimate requirement that was missed while defining the scope.
The risk variances will be compiled into WPD and used to support future decisions.
The risk variances will be compiled into WPI and used to support future decisions.
(Correct)
The risk variances will be compiled into PERT and used to support future decisions.
Explanation
Any variance discovered in a controlling process is compiled into work performance
information, and used to support decision-making to realign the performance with the plan.
(Correct)
The level of detail must define exactly the risk response for each identified risk.
Explanation
The level of detail should correspond with the priority ranking.
Question 9: Incorrect
A general contingency is used for………………...
(Incorrect)
Risks that are not identified at the outset of the project but are known before they occur
Risks that cannot be known before they occur because they are external risks
(Correct)
Explanation
Any risks that cannot be known before they occur,There is a category of risks that is
sometimes called unknown-unknowns and this risks must be expected and a general
contingency can be set aside to address the impact they leave in their wake.
(Correct)
Influence diagrams
(Incorrect)
Explanation
Cause and effect diagram used to find the causes of the defects
(Incorrect)
(Correct)
Risk activity durations will be determined
Explanation
One of the outputs from the Control Risks process is change requests, which must be sent
to the Perform Integrated Change Control process for evaluation and may be accepted or
rejected