31. Outputs of the Plan Risk Responses process include:

A. Residual risks, fall-back plan, and contingency reserves

B. Risk triggers, contracts and a risk list

C. Secondary risks, process updates, and risk owners

D. Contingency plans, project management plan updates, and sensitivity analysis

32. Workarounds are determined during which risk management process?

A. Identify risks

B. Perform quantitative risk analysis

C. Plan risk responses

D. Monitor risks

33. During which risk management process is a determination made to transfer a risk? A. Identify risks B. Implement risk responses C. Plan risk responses D. Monitor risks

34. A project manager analysed the quality of risk data and asked various stakeholders to determine the probability and impact of a number of risks. He is about to move to the next process of risk management. Based on this information, what has the project manager forgotten to do? A. Evaluate trends in risk analysis B. Identify triggers C. Providing a standardised risk rating matrix D. Create a fall-back plan

35. A project manager is qualifying risk for her project. Several of her experts are off-site, but wish to be included. How can this be done? A. Perform Monte Carlo Analysis using the Internet as a tool B. Apply the Critical Path Method C. Identify positions for recommended corrective action D. Use facilitation techniques

36. Having been hired to manage a project to improve the efficiency of data processing in the accounting department, the project manager is most concerned about managing risk on the project. The timeline is short, and the sponsors expectations are high. Which of the following would best help the project manager in her initial assessment of risks on the project? A. A sensitivity analysis B. Her project scope statement from the planning process C. A review of enterprise environmental factors D. A conversation with a project manager who worked on a similar project

37. What would be the best option for making sure your agile team is continually improving their processes and productivity? A. Encourage the team to do a decision tree analysis after each iteration B. Conduct an iteration retrospective after each product demo C. Invite any stakeholders to the teams stand-up meetings to provide immediate feedback D. Conduct regular risk reviews to discuss the effectiveness of planned risk responses

38. You are in the middle of a two-year project to deploy new technology to field offices across the country. A hurricane caused power outages just when the upgrade was near completion. When the power was restored, all the project reports and historical data were lost, with no anyway of retrieving them. What should have been done to prevent this problem? A. Purchase insurance B. Plan for a reserve fund C. Monitor the weather and have a contingency plan D. Schedule the installation outside of the hurricane season

39. A system development project is nearing project closing when a previously unidentified risk is discovered. This could potentially affect the projects overall ability to deliver. What should be done next? A. Alert the project sponsor of potential impacts to costs, scope, and schedule B. Qualify the risk C. Mitigate the risk by developing a risk response plan D. Develop a work around

40. During project execution, the team member who is most experienced in the programming work required for the project informs you that he has accepted a new position at another company, and has given his two-weeks notice. This is a major problem that was not included in the risk register. What should you do first? A. Create a workaround B. Re-evaluate the Identify Risk process C. Look for any unexpected effects of the problem D. Tell management

41. A watch list is an output of which risk management process? A. Plan Risk Responses B. Perform Quantitative Risk Analysis C. Perform Qualitative Risk Analysis D. Implement Risk Responses

42. Once signed, a contract is legally binding unless: A. One party is unable to perform B. One party is unable to finance its part of the work C. It is in violation of applicable law D. It is declared null and void by either partys legal counsel

43. A project manager for the seller is told by her management that the project team should do whatever possible to be awarded incentive money. The primary objective of incentive clauses in a contract is to: A. Reduce costs for the buyer B. Help the seller control costs C. Synchronise objectives D. Reduce risk for the seller by shifting risk to the buyer

44. Which of the following is the best thing for the project manager to do in the Conduct Procurement process? A. Evaluate risk B. Select contract type C. Perform market research D. Answer sellers questions about the procurement

45. As part of closing a cost re-imbursement contract on a project, what must the buyer remember to do? A. Decrease the risk rating of the project B. Audit sellers cost submittals C. Evaluate the fee she is paying D. Make sure the seller is not adding resources