You are the program manager for your project. You are working with the project managers regarding the procurement processes for their projects. You have ruled out one particular contract type because it is considered too risky for the program. Which one of the following contract types is usually considered to be the most dangerous for the buyer?

A. Cost plus incentive fee
B. Time and materials
C. Cost plus percentage of costs
D. Fixed fee

Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profityou’re your organization seizes this opportunity it would be an example of what risk response?

A. Opportunistic
B. Positive
C. Enhancing
D. Exploiting

You work as a project manager for BlueWell Inc. Management has asked you to work with the key project stakeholder to analyze the risk events you have identified in the project. They would like you to analyze the project risks with a goal of improving the project's performance as a whole. What approach can you use to achieve the goal of improving the project's performance through risk analysis with your project stakeholders?

A. Involve subject matter experts in the risk analysis activities
B. Focus on the high-priority risks through qualitative risk analysis
C. Use qualitative risk analysis to quickly assess the probability and impact of risk events
D. Involve the stakeholders for risk identification only in the phases where the project directly affects them

You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?

A. Risk identification is an iterative process so any changes to the low probability and low impact risks will be reassessed throughout the project life cycle.
B. Risks with low probability and low impact are recorded in a watchlist for future monitoring.
C. All risks, regardless of their assessed impact and probability, are recorded in the risk log.
D. All risks are recorded in the risk management plan

Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes. What is the primary advantage to group risks by common causes during qualitative risk analysis?

A. It can lead to developing effective risk responses.
B. It can lead to the creation of risk categories unique to each project.
C. It helps the project team realize the areas of the project most laden with risks.
D. It saves time by collecting the related resources, such as project team members, to analyze the risk events.

Which of the following evidences are the collection of facts that, when considered together, can be used to infer a conclusion about the malicious activity/person?

A. Circumstantial
B. Incontrovertible
C. Direct
D. Corroborating

You work as a project manager for BlueWell Inc. You are currently working with the project stakeholders to identify risks in your project. You understand that the qualitative risk assessment and analysis can reflect the attitude of the project team and other stakeholders to risk. Effective assessment of risk requires management of the risk attitudes of the participants. What should you, the project manager, do with assessment of identified risks in consideration of the attitude and bias of the participants towards the project risk?

A. Document the bias for the risk events and communicate the bias with management
B. Evaluate and document the bias towards the risk events
C. Evaluate the bias through SWOT for true analysis of the risk events
D. Evaluate the bias towards the risk events and correct the assessment accordingly

You work as the project manager for Bluewell Inc. You are working on NGQQ Projectyou’re your company. You have completed the risk analysis processes for the risk events. You and the project team have created risk responses for most of the identified project risks. Which of the following risk response planning techniques will you use to shift the impact of a threat to a third party, together with the responses?

A. Risk acceptance
B. Risk avoidance
C. Risk transference
D. Risk mitigation

You are the project manager of the NKQ project for your organization. You have completed the quantitative risk analysis process for this portion of the project. What is the only output of the quantitative risk analysis process?

A. Probability of reaching project objectives
B. Risk contingency reserve
C. Risk response
D. Risk register updates

During qualitative risk analysis you want to define the risk urgency assessment. All of the following are indicators of risk priority except for which one?

A. Risk rating
B. Warning signs
C. Cost of the project
D. Symptoms