Project Risk Management

Which of the following is driven by the organization's risk tolerance ?

A project had a list of identified risks. This list was the risks register. Where can one find the high-level risk ?

You will be overseeing a project to develop a smartphone application. While analyzing your project, you identify that there is a 55 percent probability of making \$120,000, a 45 percent probability losing \$55,000. What does \$41,250 represent in this case ?

You reviewed the WBS and an activity must be completed that your team may not have the expertise to accomplish. You find another team who is willing to take on the work and do the job. What risk response did you use ?

You just identified a new external risk during the executing phase that may impact your project positively. What is your first step ?

The team has identified several mitigation and contingency action plans to deal with potential risks within the project. Who is responsible for implementing the actions defined by mitigation and the contingency plan in risk management ?

You have identified several problems along with their causes in your web-based application development project. Which one of the following have you probably used to show the problem and its causes and effects ?

You are in the Monitor Risk process of identifying, analyzing, and planning for newly arising risks, keeping track of identified risks, reanalyzing existing risks, monitoring trigger conditions, monitoring residual risks, and reviewing the execution and effectiveness of risk response. Outputs from the Monitor Risk process include all of the following EXCEPT :

Which one of the following will NOT be considered a valid way of reducing risks in your project ?

You are in Plan Risk Responses process of developing options and actions to reduce threats enhance opportunities to your project objectives. The tools & techniques of the Plan Risk Responses are including :