PMI PMP-Project Management Professional Practice Exam Q. 1651 to 1660
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Q. 1651: The team implemented a risk response plan when a vendor was unable to fulfill a contract commitment for a training class. The response was to choose another vendor. However, in this type of training, it’s hard to find a good company, and the one selected doesn’t have a much better reputation. The new company is somewhat better at meeting the terms of the contract, but still has some issues from time to time, which is no surprise. What best describes these issues?
A. Secondary risk
B. Workaround
C. Residual risk
D. Risk response plan
Section: Mix Questions
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Q. 1652: The Project Manager has defined the risks for the project, performed probability and impact analysis and assigned risk owners to the risks. As the project management plan evolves where will this information end up?
A. Risk list
B. Risk trigger
C. Risk register
D. Risk response
Section: Mix Questions
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Q. 1653: Crosswind Custom Homes is building a customer’s dream house. However, rain has delayed the finish by two weeks. The Project Manager is evaluating options to make up the lost time. After discussing the various options with senior management, the Project Manager has decided to fast-track the project. By doing so, the Project Manager could be adding what to the project?
A. Risk
B. Scope change
C. Responsibility
D. Time change
Section: Mix Questions
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Q. 1654: The team has an approved charter and has started planning, determining potential risks that could occur on the project. Which of the following best describes project risk?
A. It can be a negative event only
B. It can be a positive event only
C. It can be either a negative or positive event
D. It can be something that has already happened
Section: Mix Questions
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Q. 1655: On the electric company project the government implemented a regulatory change associated with the electricity sub-station upgrade project that required the company to spend an additional $400,000 US on the project. This type of cost and activity best relates to which of the following?
A. Known unknowns
B. Unknown unknowns
C. Management reserve
D. Risk management
Section: Mix Questions
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Q. 1656: The software development company has recently been awarded a large contract to create a new animation software program. This will require the company to move into a new office complete with production facilities twice their current size. The schedule is tight for this new project. The new facility is behind schedule with the cubicles and network wiring on pace to finish three weeks late. If this can’t be done on time and will slip three weeks, the company has decided there is nothing it can do, and it will simply deal with the consequences. This is an example of what type of risk response?
A. Accept
B. Avoid
C. Mitigate
D. Transfer
Section: Mix Questions
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Q. 1657: In defining a risk trigger, which of the following is most accurate?
A. A trigger is an indicator that a risk event will occur
B. A trigger is the same as a risk
C. A trigger is an indicator that a risk event has occurred
D. A trigger is an indicator that a risk event could occur
Section: Mix Questions
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Q. 1658: The team has implemented a risk response plan when a vendor was unable to fulfill a contract commitment. The response was to choose another vendor. Because of the short notice, the other vendor cannot fulfill the need of the team. Which best describes what happened with the different vendor?
A. Workaround
B. Secondary risk
C. Risk response plan
D. Avoidance
Section: Mix Questions
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Q. 1659: The Project Manager and team are planning the project. They are presently identifying things that could go differently than planned. They are also trying to identify warning signs that would show that these events could be on the verge of occurring. What is the team doing?
A. Risk analysis
B. Risk Identification
C. Conformance to quality
D. Problem solving
Section: Mix Questions
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Q. 1660: The advertising agency has been awarded a $54M US, 8-year contract to manage the advertising campaigns of a fast food chicken restaurant. The company realizes that this work is going to require a specific skill set for 40 people. Their current workforce only has 7 people with this skill set. This skill set is somewhat rare and specialized in the area they are located. They have chosen to buy a company much smaller than they are, but this company’s core focus is this type of skill set. The company employs 50 people with this skill set. This is an example of what type of risk response strategy?
A. Exploit
B. Share
C. Mitigate
D. Accept
Section: Mix Questions
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