Project Risk Management - Processes Describe the Inputs, Tools and Techniques , Outputs included in the Quantitative Risk Analysis?

Correct Answer: I Inputs Organizational process assets Project scope statement Risk management plan Risk register II Tools and Techniques Risk probability and impact assesment Probability and impact matrix Risk data quality assessment Risk categorization Risk Urgency assessment III Outputs Risk register (updates)

Correct Answer: I Inputs Enterprise environmental factors Organizational process assets Project scope statement Risk management plan Project management plan II Tools and Techniques Documentation reviews Information gathering techniques Checklist analysis Assumptions analysis Diagramming techniques III Outputs Risk register

Correct Answer: I Inputs Enterprise environmental factors Organizational process assets Project Scope statement Project Management plan II Tools and Techniques Planning meetings and analysis III Outputs Risk Management Plan

Correct Answer: The Project Risk Management Processes include the following: Risk Management Planning - Deciding how to approach , plan, and execute the risk management activities for a project Risk Identification - Determining which risks might affect the project and documenting their characteristics Qualitative Risk Analysis - Prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact Quantitative Risk Analysis - Numerically analyzing the effect on overall project objectives of identified risks Risk Response Planning - Developing options and actions to enhance opportunities , and to reduce threats to project objectives Risk Monitoring and Control - Tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project life cycle

Correct Answer: I Inputs Communications management plan Organizational process assets II Tools and Techniques Communications methods Issue logs III Outputs Resolved issues Approved change requests Approved corrective actions Organizational process assets (updates) Project management plan (updates)

Correct Answer: I Inputs Risk management plan Risk register II Tools and Techniques Strategies for negative risk or threats Strategies for positive risks or opportunities Strategies for both threats and opportunities Contingent response strategy III Outputs Risk register (updates) Project management plan (updates) Risk - related contractual agreements

Correct Answer: I Inputs Risk management plan Risk register Approved change requests work performance information performance reports II Tools and Techniques Risk reassessment Risk audits Variance and trend analysis Technical performance measurement Reserve analysis Status meetings III Outputs Risk register (updates) Requested changes Recommended corrective actions Recommended preventive actions Organizational process assets (updates) Project management plan (updates)

Correct Answer: The Project Procurement Management processes include the following: Plan Purchases and Acquisitions - determining what to purchase or acquire and determining when and how Plan Contracting - documenting products, services, and results requirements and identifying potential sellers Request Seller Responses - obtaining information, quotations, bids, offers, or proposals, as appropriate Select Sellers - reviewing offers, choosing among potential sellers, and negotiating a written contract with each seller Contract Administration - managing the contract and relationship between the buyer and seller , reviewing and documenting how a seller is performing or has performed to establish required corrective actions and provide a basis for future relationships with the seller, managing contract-related changes and, when appropriate , managing the contractual relationship with the outside buyer of the project Contract Closure - completing and settling each contract, including the resolution of any open items, and closing each contract applicable to the project or a project phase

Correct Answer: I Inputs Enterprise environmental factors Organizational process assets Project scope statement Work breakdown structure WBS dictionary Project management plan - Risk register - Risk - related contractual agreements - Resource requirements - Project schedule - Activity cost estimates - Cost baseline II Tools and Techniques Make-or-buy analysis Expert judgement Contract types III Outputs Procurement management plan contract statement of work make-or-buy decisions Requested changes

Correct Answer: I Inputs Procurement management plan Contract statement of work Make-or-buy decisions Project management plan - Risk register - Risk related contractual agreements - Resource requirements - Project schedule - Activity cost estimate - Cost baseline II Tools and Techniques Standard forms Expert judgment III Outputs Procurement documents Evaluation criteria Contract statement of work (updates)