Question 1

Which document should record the agreed amount of risk budget for a project?

Options :

A : Project Brief

B : Project Plan

C : Risk Management Strategy

D : Risk Register

Answer: B

Question 2

What is a goal of the 'implement' step within the recommended risk management procedure?

Options :

A : To prepare specific management responses to identified risks

B : To monitor the effectiveness of actioned risk responses

C : To estimate the risk to the project in terms of probability and impact

D : To communicate information related to the risks faced by the project

Answer: C

Question 3

Which should be funded from a change budget?

Options :

A : The Starting up a Project process

B : A fallback plan

C : An agreed change to the scope of a project

D : A change to a plan, within allocated tolerances, due to poor estimating

Answer: C

Question 4

Which statement about the Directing a Project process is true?

Options :

A : Provides a mechanism for the Project Board to assure that there is continued business justification

B : Covers the day-to-day activities of the Project Manager

C : Ensures there are regular progress meetings

D : Begins on completion of the Initiating a Project process

Answer: A

Question 5

Identify the missing words in the following sentence. When proposed changes [ ? ], the change authority must refer the decision back to the project board.

Options :

A : are below the agreed change budget

B : are objected to by team members

C : are rejected by the change authority

D : exceed the agreed change budget

Answer: D