Question 1

Taking out insurance in relation to risk management is called what?

Options :

A : Transference

B : Avoidance

C : Exploring

D : Mitigation

Answer: A

Question 2

Which kind of communication should the project manager use when creating reports for government bodies?

Options :

A : Hierarchical

B : External

C : Formal

D : Official

Answer: D

Question 3

The organization is transitioning to Scrum, but team members express confusion about their roles and responsibilities. Who should clarify this for them?

Options :

A : Scrum Master

B : Product Owner

C : Stakeholders

D : End Users

Answer: A

Question 4

Which of the following is an example of a technique used in quantitative risk analysis?

Options :

A : Sensitivity analysis

B : Probability and impact matrix

C : Risk data quality assessment

D : Risk categorization

Answer: A

Question 5

When paying a consultation fee to a technical expert, what type of contract is often used?

Options :

A :

Time and materials (T&M)

B :

Cost plus incentive fee (CPIF)

C : Fixed price incentive fee (FPIF)

D : Cost plus award fee (CPAF)

Answer: A