Question 46 You are working on a project that needs risk data on Brampton city Not yet roads. You have the data available from the following sources. answered Which one of the following will be your least preferred source? Marked out of 1,00 Select one: Flag question O a. From Ontario Government O b. Data published in the "Brampton Joy Weekly." O c. From Brampton City archives O d. From Statistics Canada Clear my choiceQuestion 47 An increasing trend in risk management is to write contracts that. Not yet answered Select one: Marked out of O a. keep all risks with buyers so that the vendor is not 1.00 bothered about risks and they can focus on production. 7 Flag question O b. make a 50-50 allocation of all risk elements while providing for contingency reserves. O c. accurately allocate specific risks to those entities most capable of managing them, be it the buyer or the seller. O d. allocate all risks to sellers because that is the purpose of outsourcing/procurement. Clear my choiceQuestion 48 A "risk trigger" lists the risk warning signs. It indicates that: Not yet answered Select one: Marked out of O a. a risk has occurred. 1.00 O b. a risk has occurred or is about to occur. P Flag question O c. a risk is about to occur. O d. a risk has passed. Clear my choiceQuestion 49 You are managing a 800 million dollar highway project, which Not yet needs 100 litres of lubricants every 6 months. You made a short list answered of lubricant vendors based upon their reputation in the market and Marked out of references you received form other project managers. Which 1,00 method of source selection have you used? Flag question Select one: O a. Qualifications only. O b. Quality-based/highest technical proposal score O c. Least cost O d. Quality and cost-based Clear my choiceQuestion 50 Probability Impact Matrix is a tool for Not yet answered Select one: Marked out of O a. Qualitative Risk Analysis 1.00 O b. Risk Identification P Flag question O c. Quantitative Risk Analysis O d. Risk Management Planning Clear my choiceQuestion 41 Decision tree analysis is a T&T used in Not yet answered Select one: Marked out of O a. Plan Risk Management 1.00 O b. Perform Qualitative Risk Analysis P Flag question O c. Perform Quantitative Risk Analysis O d. Risk Identification Clear my choiceQuestion 42 While working on a project, the least preferred enterprise Not yet environmental factor, that should influence your Identify Risks answered process is: Marked out of 1.00 Select one: P Flag question O a. Report from a lobbying group O b. Industry studies of similar projects O c. Published material, including commercial risk databases or checklists, O d. Benchmarking results Clear my choiceQuestion 43 You are in the process of Risk Planning. One of you notes states Not yet "the risk of the new hardware not being compatible with the answered existing IT systems is a technical risk". The statement is talking Marked out of about: 1.00 F Flag question Select one: O a. Risk Tolerance O b. Risk Appetite O c. Risk Owner O d. Risk Category Clear my choiceQuestion 44 All the following statements are true regarding risk events except Not yet which one? answered Marked out of Select one: 1,00 O a. Risks that have more perceived rewards to the organization Flag question than the consequences of the risk should be accepted. O b. Unknown risks are threats to the project objectives, and nothing can be done to plan for them. O c. Project risks are uncertain events. O d. If risks occur, they can have a positive or negative effect on project objectives. Clear my choiceQuestion 45 The organizational process assets that can influence the Identify Not yet Risks process do not indude: answered Marked out of Select one: 1.00 O a. Organizational and project process controls, 7 Flag question O b. Checklists from previous similar projects. O c. Report from a lobbying group O d. Project files, including actual data, Clear my choice