Question 1

You are the project manager for your company and a new change request has been approved for your project. This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project. You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?
  • Question 2

    You are the project manager for your organization and you are working with Thomas, a project team member.
    You and Thomas have been working on a specific risk response for a probable risk event in the project.
    Thomas is empowered with a risk response and will control all aspects of the identified risk response in which a particular risk event will happen within the project. What title, in regard to risk, is bestowed on Thomas?
  • Question 3

    Donna is the project manager of the QSD Project and she believes Risk Event D in the following figure is likely to happen.

    If this event does happen, how much will Donna have left in the risk contingency reserve if none of the other risk events have happened?
  • Question 4

    Holly is the project manager of the NHQ project for her company. Her project sponsor, Tracy, has requested that Thomas, the department manager, from the Risk Management Department, will work with Holly to determine the effectiveness of the risk responses. Tracy and Thomas are concerned that some of the risks within Holly's project may not be addressed to depth they would like. In this scenario, who is responsible for ensuring that risk audits are performed at an appropriate frequency throughout the project?
  • Question 5

    Fill in the blank with an appropriate phrase.
    ________are activities that are dangerous to complete and manage such as construction, electrical work, or manufacturing.