Sample Questions

Q) Which of the following assets are the examples of intangible assets of an enterprise? Each correct answer represents a complete solution. Choose two.

a) Customer trust

b) Information

c) People

d) Infrastructure

Q) You are the project manager of the GHY project for your company. This project has a budget of $543,000 and is expected to last 18 months. In this project, you have identified several risk events and created risk response plans. In what project management process group will you implement risk response plans?

a) Monitoring and Controlling

b) In any process group where the risk event resides

c) Planning

d) Executing

Q) During which of the following processes, probability and impact matrix are prepared?

a) Risk response

b) Monitoring and Control Risk

c) Quantitative risk assessment

d) Qualitative risk assessment

Q) You are the project manager of GRT project. You discovered that by bringing on more qualified resources or by providing even better quality than originally planned, could result in reducing the amount of time required to complete the project. If your organization seizes this opportunity it would be an example of what risk response?

a) Enhance

b) Exploit

c) Accept

d) Share

Q) Your project has several risks that may cause serious financial impact if they occur. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

a) Risk response plan

b) Contingency reserve

c) Risk response

d) Quantitative analysis