Question 1 (1 point)

A key input to the Define Scope process is:

Question 1 options:

	Project Scope Statement
	Requirements documents
	Risk Register
	WBS

Question 2 (1 point)

Saved

Delays, duplication, over-production, and errors are all forms of what?

Question 2 options:

	WIP
	Waste
	Risk
	Issues

Question 3 (2 points)

Saved

A charity event party is to be held that will cost $10 per person:

If the party is held inside, 150 people are likely to attend. If the party is held outside, 200 people are likely to attend. There is a 20% chance of rain on the date of the party. If it rains and the party is held inside, only 100 people will attend. If it rains and the party is held outside, only 80 people will attend.

In the example above, if the goal of the project is to maximize revenue, which of the two options maximizes revenue and why:

Question 3 options:

	Held inside because the expected monetary value is $1,200
	Held inside because the expected monetary value is $1,400
	Held outside because the expected monetary value is $1,400
	Held outside because the expected monetary value is $1,760

Question 4 (1 point)

Saved

The degree, amount, or volume of risk that an organization or individual will withstand is called risk:

Question 4 options:

	Tolerance
	Appetite
	Attitude
	Threshold

Question 5 (1 point)

The risk register:

Question 5 options:

	Identifies schedule activities for resources that are estimated
	Documents the outcomes of risk management planning
	Is created early in a project and rarely updated
	Documents results of project activities

Question 6 (1 point)

Which of the following is an output of the Identify Risks process?

Question 6 options:

	Risk register
	Enterprise environmental factors
	Project scope statement
	Roles and responsibilities

Question 7 (1 point)

_________________ risk analysis is a cost-effective tool for prioritizing risks on a project.

Question 7 options:

	Quantitative
	Quailty
	Qualitative
	Cause and effect

Question 8 (1 point)

The Monitor and Control Project Work process is concerned with:

Question 8 options:

	Implementing the project management plan and managing risk
	Tracking, reviewing and reporting project progress to meet objectives
	Having a comprehensive list of all schedule activities
	Completing the work defined in the project management plan

Question 9 (1 point)

Saved

When a project management team updates a risk breakdown structure template based on the results of a current project, the team is updating a(n):

Question 9 options:

	Risk response plan
	Probability and impact matrix
	Enterprise environmental factor
	Organizational process asset