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| Section | Weight | Objectives |
|---|---|---|
| Risk Strategy and Planning | 19-20% | - Define risk thresholds and metrics - Develop risk management strategy - Integrate risk management into project lifecycle - Plan risk management activities - Establish risk management policies and procedures |
| Risk Monitoring and Reporting | 19-20% | - Track risk metrics and triggers - Review risk audit results - Report risk management performance - Update risk register and documentation - Monitor identified and emerging risks - Capture lessons learned regarding risks - Evaluate risk response execution |
| Stakeholder Engagement | 19-20% | - Communicate risk information effectively - Identify stakeholders and their risk tolerance - Negotiate risk ownership and accountability - Promote risk awareness and understanding - Involve stakeholders in risk management process - Manage stakeholder expectations regarding risks - Facilitate risk workshops and meetings - Build consensus on risk response strategies - Collaborate with cross-functional teams |
| Risk Process Facilitation | 25-28% | - Manage contingency reserves - Plan risk responses - Perform qualitative risk analysis - Implement risk responses - Evaluate risk response effectiveness - Identify risks using various techniques - Perform quantitative risk analysis |
| Perform Specialized Risk Analyses | 14-16% | - Analyze complex risk scenarios and dependencies - Conduct specialized risk assessments (e.g., regulatory, compliance) - Perform advanced quantitative analysis (e.g., Monte Carlo, decision trees) |
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48. Frage
A project manager must have certain interpersonal skills to communicate with stakeholders and manage their expectations of the project work. Which of the following interpersonal skills has been identified as one of the biggest reasons for project success or failure?
Antwort: B
49. Frage
A risk manager is preparing for the first meeting with their project sponsor on a potential project for a large client. The risk manager reviews their newly developed project risk register to identify any risks that should be analyzed further and begins by prioritizing the probability column based on the following criteria:
1 = Very Low
2 = Low
3 = Medium
4 = High
5 = Very High
What type of risk analysis is the risk manager performing?
Antwort: D
50. Frage
You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?
Antwort: D
51. Frage
Your project uses a piece of equipment that if the temperature of the machine goes above 450 degree Fahrenheit the machine will overheat and have to be shut down for 48 hours. Should this machine overheat even once it will delay the project's end date. You work with your project to create a response that should the temperature of the machine reach 430, the machine will be paused for at least an hour to cool it down. The temperature of 430 is called what?
Antwort: D
Begründung:
Explanation/Reference:
52. Frage
Several key stakeholders approach the project manager with concerns. The stakeholders have received feedback from local businesses that have reported a reduction in customers because of construction activities at the worksite, and they plan to submit a claim to the municipality to fine the project manager's company.
How should the project manager address this concern?
Antwort: C
Begründung:
The project manager should evaluate the risk with the team and update the issueing to address the concerns of the stakeholders and local businesses.
This concern is a potential risk that could affect the project's reputation, stakeholder satisfaction, and profitability. The project manager should evaluate the risk with the team and update the issue log, which is a tool for documenting and monitoring the resolution of issues that arise during the project. The issue log should include information such as the issue description, the priority, the owner, the status, and the actions taken. The project manager should also communicate with the stakeholders and the local businesses to address their concerns and seek a mutually beneficial solution. The project manager should not ignore the concern, as it could escalate into a bigger problem. The project manager should not discuss the concern with the local business owners alone, as this could bypass the stakeholders and create more conflicts. The project manager should not update the key risks and perform a quantitative risk analysis, as this is a time-consuming and complex process that may not be necessary for this type of risk. The project manager should not adjust the construction work hours to after business hours, as this could incur additional costs, disrupt the project schedule, and affect the workers' safety and productivity. References: PMI, 2017. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition. Newtown Square, PA: Project Management Institute, Inc., pp. 115-116, 408-4091
53. Frage
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