As part of identifying the risk appetite of project stakeholders, the project manager must first identify the stakeholders. Which of the following inputs are used to identify project stakeholders?
Answer(s): C
After applying several risk identification techniques, the risk manager is ready to document project risks in the risk register, including risk name, risk statement, probability of occurring, and potential impact. After this information is complete, who is best suited to serve as risk owners?
Answer(s): D
Which of the following should the risk manager consider as external environmental factors when creating the risk management plan?
Answer(s): B
Within the organizational process assets, where would the project manager find risk response effectiveness from past projects?
Which analysis method uses stratified sampling without replacement?
Answer(s): A
In the country where a project is being executed, customs procedures are complex and change frequently. During the risk identification process, the project team identifies a risk related to delays in customs on substantial equipment that will likely occur. Equipment delays on this project could lead to project cancellation.Why should a mitigation plan be developed for this risk?
A race director is planning a marathon with US$80,000 in upfront costs that will be offset by race fees. The remainder of the funds will be donated to a national charity. State law mandates that all money paid by the participants must be refunded if the race is cancelled for any reason.Which of the following is the best example of a risk mitigation response?
The risk manager for a construction project graphically groups project risks by the subsets of economic risk, social risk, and technical risk. Where has this information been captured?
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