Question 1

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 2

The trigger for a highly categorized threat has occurred. The risk has a set response plan. Who is responsible for developing responses to risk and monitoring the implementation status of the risk response?

Options :

A : Product Manager

B : Risk Action Owner

C : Risk Owner

D : Project Manager

Answer: C

Question 3

In a large industrial business, an on-going system development project faces a previously identified risk. The risk is adequately managed by the risk manager, however there is still residual risk. What should the risk manager do?

Options :

A : Update the risk register accordingly and review it in regular project meetings.

B : Accept the risk because residual risks are often low.

C : Ask a subject matter expert (SME) to assess the residual risk and take action.

D : Assign a risk owner and set it as high priority and high impact.

Answer: C

Question 4

A project manager was informed that the testing of the latest component in the project's software update release was not successful. As a result, 1he delivery timelines for the software release wifi be delayed, The project manager did not previously capture this as a risk to the project. What should the project manager do next to avoid similar risks?

Options :

A : Add contingencies to other tasks to mitigate similar risks.

B : Reassess risks with a new assumptions and constraints analysis.

C : Review the risk response plan looking for lessons learned.

D : Log the event in the issue log and update the project management plan.

Answer: B

Question 5

A project team identifies that there is a probability of missing a key milestone in a project. The team wants to move forward with the risk response planning. What should the risk manager complete first?

Options :

A : The risk categorization

B : The risk simul-ation

C : The full risk description

D : The risk response plan

Answer: C