Question 1

During a risk identification process in a construction project, the lack of space to install air conditioners is raised as a risk with high impact. Which is an example of an early risk trigger?

Options :

A : A potential need to share the space with other machinery

B : A different type of equipment received before installation

C : A time delay during air conditioning installation activities

D : A quality nonconformance issue raised during the inspection

Answer: A

Question 2

A project manager of an IT company is assigned to a project whose schedule may be delayed due to a lack of resources to conclude the backlog activities. The project manager decides to hire additional developers to reduce the project's technical debt and meet the project deadline. What should the risk manager advise the project manager to do to address this situation?

Options :

A : Immediately hire as soon as the project begins to fall behind schedule.

B : Hire as soon as the project metrics trigger a risk response.

C : Only hire when it is economically feasible to do so.

D : Only hire if risk response is escalated and approved by the stakeholders.

Answer: B

Question 3

A risk manager has noticed that response actions are not working as expected when a risk occurs, mainly because the risk triggers are not well-defined. Which tool should the risk manager use to facilitate risk trigger identification in the upcoming risk review assessment?

Options :

A : Risk burndown chart

B : Ishikawa diagram

C : Risk breakdown structure (RBS)

D : Affinity diagram

Answer: C

Question 4

A project's design has been completed and approved on time. The construction subcontractor should be mobilizing to start construction but does not have the necessary materials in place, causing a delaying in the project. The risk register only contains risks for the design phase of the project. What should the project manager have done differently?

Options :

A : Executed the Monte Carlo sensitivity analysis prior to mobilization

B : Added generic construction risks to the risk register before construction began

C : Reviewed the assumptions/exclusions register in the project charter

D : Performed risk identification exercises for the full lifecycle of the project

Answer: D

Question 5

An experienced and the only developer on a software implementation project will be on leave for several weeks. The risk of this critical resource's availability was added to the risk register. Contingencies were made for a support developer to job shadow this resource, depending on how things go prior to their leave. The project team was pleased with the backup plan and the new resource was able to shadow for a few weeks. What should the risk manager do next?

Options :

A : Update the risk register to indicate the risk has occurred and close out the expired risk from the register.

B : Update, continuously monitor, and communicate the residual and secondary risks of the backup resource on the project.

C : Hire a permanent developer to support the project, and work with the backup resource to eliminate this risk.

D : Hire another developer to support the project, contingent on when the experienced developer returns.

Answer: B