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NEW QUESTION 46
What approach can a project manager use to improve the project's performance during qualitative risk analysis?

• A. Create a risk breakdown structure and delegate the risk analysis to the appropriate project team members.
• B. Focus on near-term risks first.
• C. Focus on high-priority risks.
• D. Analyze as many risks as possible regardless of who initiated the risk event.

Answer: C

NEW QUESTION 47
Thomas is a key stakeholder in your project. Thomas has requested several changes to the project scope for the project you are managing. Upon review of the proposed changes, you have discovered that these new requirements are laden with risks and you recommend to the change control board that the changes be excluded from the project scope. The change control board agrees with you. What component of the change control system communicates the approval or denial of a proposed change request?

• A. Scope change control system
• B. Change log
• C. Integrated change control
• D. Configuration management system

Answer: C

NEW QUESTION 48
Consider a project with a budget at completion of $1,345,000 and it is supposed to be completed by today, but it is only 80 percent complete. This project has spent $1,250,000 to reach this point of completion. What is the schedule variance for this project?

• A. 20 percent
• B. -$174,000
• C. -$269,000
• D. -$217,500

Answer: C

NEW QUESTION 49
Mary is the project manager of the HGH Project for her company. She and her project team have agreed that if the vendor is late by more than ten days they will cancel the order and hire the NBG Company to fulfill the order. The NBG Company can guarantee orders within three days, but the costs of their products are significantly more expensive than the current vendor. What type of a response strategy is this?

• A. External risk response
• B. Expert judgment
• C. Internal risk management strategy
• D. Contingent response strategy

Answer: D

NEW QUESTION 50
You are the project manager of the NNQ Project for your company and are working with your project team to define contingency plans for the risks within your project. Mary, one of your project team members, asks what a contingency plan is. Which of the following statements best defines what a contingency response is?

• A. Some responses are designed for use only if certain events occur.
• B. Quantified risks should always have contingency responses.
• C. Some responses have a cost and a time factor to consider for each risk event.
• D. Some responses must counteract pending risk events.

Answer: A

NEW QUESTION 51
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