Shilpa has been appointed as the Risk Manager on a project. Shilpa is a certified PMP. Which of the following should be her first step? Select one:

a. Identify Risks

b. Perform Quantitative Risk Analysis

c. Perform Qualitative Risk Analysis

d. Make a Risk Management Plan

e. Create a Risk Breakdown Structure

Selmor is preparing the risk response plan for his project. He is currently working on Risk Triggers. Risk Trigger is Select one:

a. the events or conditions that indicate that a risk has just already occurred

b. a gun risk, when a gun owner leaves the trigger unlocked.

c. the events or conditions that indicate that a risk is being triaged

d. the events or conditions that indicate that a risk is about to occur

Parwinder is working as a risk analysts on a driverless car testing project. In order to calculate the risk value of an accident, she has collected accident data from various sources. The traffic department data shows 250 accidents out of 50000 traffic movements on the street designated for the car test. The data collected from the insurance company suggests that the average cost of an accident is $5000. What do you think is the risk value of the driverless car test if a total of 200 test runs are planned? Select one:

a. $250

b. $5000

c. $25

d. $500

Praveen is working as a Risk Analyst on a project. He has started to identify risks. Which tool will be his best option to start with? Select one:

a. SWOT

b. PBS

c. WBS

d. RBS

Assumption analysis is one of the Tools & Techniques of Risk Planning. This analysis will help Juan, the Risk Analyst: Select one:

a. understand the risks associated with specific assumptions

b. decide which assumptions to make and which one not to

c. understand what the root cause of failure was

d. understand the strengths and weaknesses in a situation

As a professional risk analyst Aby feels that using the Work Breakdown Structure for identifying risks has many advantages, but these do not include: Select one:

a. We ensure to cover the entire project scope

b. There is a mention of the risk categories in each work package

c. There are details about all the work packages

d. We ensure not to cover anything which is outside the scope of the project

Vamsi is working as a risk analysts on a driverless car testing project. In order to calculate the risk value of an accident, she has collected accident data from various sources. The traffic department data shows 250 accidents out of 50000 traffic movements on the street designated for the car test. The data collected from the insurance company suggests that the average cost of an accident is $5000. The weight allocated to this event is 2.5. What do you think is the risk value of the driverless car test if a total of 200 test runs are planned?