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QUESTION: 57

Identify the missing word in the following sentence... A risk consists of a combination of the of a perceived threat or opportunity occurring and the magnitude of its impact on objectives.

Outcome
Probability
Dis-benefit
Proximity

Answer(s): B

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QUESTION: 58

What is the goal of the 'identify context' step as part of the risk management procedure?

Identify responses to risks identified in the Business Case
Gather information about the project environment and objectives
Gather information about risks for inclusion in Highlight Reports to the Project Board
Identify the threats and opportunities that may affect the project's objectives

Answer(s): B

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QUESTION: 59

Which statement best describes the responsibilities of a risk actionee?

Identifying risks to the project that might occur in their department
Owning and authorizing the use of the risk budget to fund risk responses
Managing, monitoring and controlling of all aspects of an assigned risk
Carrying out a risk response action to respond to a particular risk

Answer(s): C

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QUESTION: 60

Which is NOT a recommended response type to respond to a threat?

Avoid
Reject
Share
Transfer

Answer(s): B

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QUESTION: 61

Which of the following Plans are approved by the Project Manager?

Project Plan
Team Plan
Exception Plan
Stage Plan

Answer(s): B

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Identify the missing word(s) in the following sentence... The [?] is used by the Project Manager to capture and maintain information on all of the identified threats and opportunities relating to the project.

Risk Register
Risk Management Strategy
Issue Register
Risk owner

Answer(s): A

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QUESTION: 63

Which of the following would NOT be classified as a threat to a project?

A competitor may launch a rival product first thus affecting the expected market share for the product
It is possible that the product completes user acceptance testing in a single test cycle rather that the scheduled two
A prototype may be damaged in transit
A critical meeting could be affected by air travel disruption

Answer(s): B

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QUESTION: 64

Which of the following is NOT a purpose of the Risk theme?

Improve the ability of the project to succeed
To support better decision making
To verify products are fit for purpose
To assess uncertainty

Answer(s): C

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QUESTION: 64