Question 16 Where a potential risk response has been identified during the Not yet Identify Risks process, it is recorded in the risk register. answered Marked out of Select one 1,00 O a. This will be confirmed during the final meeting of Identify Flag question Risk Process O b. This will be confirmed during the closing meeting of Identify Risk phase O c. This will be confirmed during the Plan Risk Responses process. O d. This will be confirmed during the brainstorming session of the Identify Risk Process Clear my choiceQuestion 17 You are the project manager of a project which would do oil- Not yet exploration in the ocean. Since you cannot plan for all eventualities, answered you establish a contingency reserve, including amounts of time, Marked out of money, or resources to handle known or unknown risks. This is an 1.00 example of: Flag question Select one: O a. Risk Avoidance O b. Risk Transfer O c. Active Risk Acceptance O d. Improper risk planning since all risks should be identified and accounted for Clear my choiceQuestion 19 Which one of the following documents is created in the process Not yet Plan Procurement Management? answered Marked out of Select one: 1.00 O a. Milestone list 7 Flag question O b. Risk register O c. Requirements documentation O d. Bid Document Clear my choiceQuestion 10 You are in the process of Risk Management Planning. One of you Not yet notes states * though the risk of new hardware not being answered compatible with the existing IT systems is very low, we can not take Marked out of this risk because the adverse impact on our public image will be 1.00 very high". The statement is talking about: 7 Flag question Select one: O a. Risk Owner O b. Risk Category Ac. Risk Tolerance O d. Risk Appetite Clear my choiceQuestion 21 During the Qualitative Risk Analysis, a project team allocates a Not yet weight of 0.3 to a risk event. This will most likely answered Marked out of Select one: 1.00 O a. move the risk to a lower level. P Flag question O b. reduce the financial impact during quantitative analysis. O c. increase the financial impact during quantitative analysis O d. move the risk to a higher level. Clear my choiceQuestion 20 If a risk has a 20 percent chance of happening in a given month, Not yet and the project is expected to last five months. What is the answered probability that this risk event occurs during the fourth month of Marked out of the project? 1,00 Flag question Select one: O a. Less than 1 percent A b. 20 percent O c. 60 percent O d. 80 percent Clear my choiceQuestion 23 You are managing a 800-million-dollar highway project, which also Not yet needs constructing a building for the waiting facility midway answered through the highway's length. You need to acquire a Building Marked out of Management System for this facility. In the tender invitation 1.00 document, you have asked the vendors to submit proposals in two 7 Flag question separate envelops, one containing the technical details and the other containing the financial bid. You have informed them that first the technical documents will be opened, and that financial bids will be opened only for the vendors who are the top three in technical category. Which method of vendor selection are you planning to use? Select one: O a. Quality-based/highest technical proposal score Ob. Qualifications only. O c. Least cost O d. Quality and cost-based Clear my choiceQuestion 22 Procurements are governed by Not yet answered Select one: Marked out of O a. Processes 1.00 O b. Templates P Flag question O c. Directives O d. Contract Clear my choiceQuestion 24 You are managing a 800-million-dollar highway project, which a Not yet tunnel where the rock and soil behaviour is substantially unknown. answered You want to subcontract the tunnel portion of the highway to Marked out of another construction company, that specialises in tunnel 1.00 construction. What will be the ideal type of procurement contract in Flag question this case? Select one: O a. Time and Material O b. Firm Fixed Cost O c. Cost plus percentage cost O d. Fixed Price Incentive Fee Clear my choice Next WageQuestion 26 You are in the process of Risk Management Planning. One of you Not yet notes states "the risk of new hardware not being compatible with answered the existing IT systems is very low. This risk, however, should be Marked out of kept under watch by Tatiana". The statement is talking about: 1.00 P Flag question Select one: a. Risk Category O b. Risk Owner O c. Risk Tolerance O d. Risk Appetite Clear my choiceQuestion 25 During Risk Identification the initial procurement documentation Not yet should be reviewed as procuring goods and services from outside answered the organization may. Marked out of 1.00 Select one: Flag question O a. introduce additional individual project risks. O b. increase overall project risk. O c. increase or decrease overall project risk and may introduce additional individual project risks. O d. increase or decrease overall project risk. Clear my choiceQuestion 28 Which one of the following is not a Data Analysis technique used Not yet for Risk Identification? answered Marked out of Select one: 1,00 O a. SWOT analysis 7 Flag question O b. Assumption and constraint analysis O c. Brainstorming O d. Document analysis Clear my choiceQuestion 27 The best description about a decision tree is that it is evaluated by Not yet calculating. answered Marked out of Select one: 1.00 O a. The Probability of an event 7 Flag question O b. The weighted financial impact of an event O c. The financial impact of an event O d. the expected monetary value of an option Clear my choiceQuestion 30 Which one of the following is not a Data Gathering technique used Not yet for Risk Identification? answered Marked out of Select one: 1,00 O a. SWOT analysis Flag question O b. Brainstorming O c. Interviews O d. Checklists Clear my choice Next page - Quiz-2-ProjectQuestion 29 A deck of cards has 52 cards and two jokers. You draw a card Not yet randomly. It was an Ace of Diamonds. You kept this card out of the answered deck. You draw a second card from the deck. What is the probability Marked out of that the second draw will be an Ace of Spades? 1.00 Flag question Select one: O a. 2/54 O b. 1/52 Oc. 2/51 O d. 1/53 Clear my choice