A project manager and a project sponsor have agreed to accept all risks that have a low impact and low probability. Given the information below:

Which of the following risks from the risk register should have an acceptance strategy? (Choose two.)

A. 1
B. 2
C. 3
D. 4
E. 5
F. 6

A project is out of control because project team members are completing tasks based on preference and suggestions from project stakeholders, instead of following the project schedule.
Which of the following is an indication that this project is out of control?

A. Stakeholders are not properly engaged.
B. There is no project manager named.
C. Performance relative to the plan is unknown.
D. Work is being accomplished faster than planned.

During a project status meeting, the project manager states the project is running ahead of schedule. However, the executive committee, which is unfamiliar with the project manager's work, does not think it will finish on time.
Which of the following is the MOST likely cause?

A. personal preferences
B. Interorganizational differences
C. Relationship building
D. Specific communication

A finance company hired a software consulting company to develop a new system. During the testing phase, the finance company's testing team found a major defect. The software consulting company states the software was constructed per the approved design.
Which of the following documents should be used to clarify the situation?

A. Letter of intent
B. Requirements document
C. Statement of work
D. Service-level agreement

Which of the following roles would be tasked with project steering?

A. Project manager
B. Key project stakeholders
C. Project management office
D. Project coordinators

A project manager is planning a wedding that will take place during the rainy season. The possibility of rain is very high, so the project manager proposes alternatives to having an outdoor wedding.
This is an example of:

A. mitigation.
B. acceptance.
C. exploitation.
D. transference.

Which of the following is the burn rate of a project?

A. The amount of project staff turnover over time
B. The positive cash flow of the project for the organization over time
C. The amount of expenditures supporting the project over time
D. The amount of capital spent to ensure quality of the project deliverables

Management announces the PMO will assume all research and development efforts.
Which of the following BEST describes this scenario?

A. Process change
B. Business merger
C. Outsourcing
D. Relocation

Adhering to the project budget is MOST important during which of the following project phases?

A. Planning
B. Initiating
C. Monitor and controlling
D. Closing

While working with a project team to create the project schedule, which of the following must occur for performance measurement?

A. Identify resource costs
B. Manage issues
C. Create status reports
D. Set the baseline