John is the project manager of the NHQ Project for his company. His project has 75 stakeholders, some of which are external to the organization. John needs to
make certain that he communicates about risk in the most appropriate method for the external stakeholders. Which project management plan will be the best guide
for John to communicate to the external stakeholders?
Risk Response Plan
Risk Management Plan
Communications Management Plan
Project Management Plan
Correct answer: C
Question 2
You are the project manager of the KJH Project and are working with your project team to plan the risk responses. Consider that your project has a budget of $500,000 and is expected to last six months. Within the KJH Project you have identified a risk event that has a probability of .70 and has a cost impact of $350,000.
When it comes to creating a risk response for this event what is the risk exposure of the event that must be considered for the cost of the risk response?
The risk exposure of the event is $245,000.
The risk exposure of the event is $500,000.
The risk exposure of the event is $350,000.
The risk exposure of the event is $850,000.
Correct answer: A
Explanation:
Question 3
What risk identification technique allows participants to identify the project risks and to remain anonymous?