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CGEIT PDF DEMO:
QUESTION NO: 1
You are the project manager for your organization. You are preparing for the quantitative risk analysis.
Mark, a project team member, wants to know why you need to do quantitative risk analysis when you just completed qualitative risk analysis. Which one of the following statements best defines what quantitative risk analysis is.?
A. Quantitative risk analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
B. Quantitative risk analysis is the planning and quantification of risk responses based on probability and impact of each risk event.
C. Quantitative risk analysis is the review of the risk events with the high probability and the highest impact on the project objectives.
D. Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives.
Answer: D
QUESTION NO: 2
Your project spans the entire organization. You would like to assess the risk of the project but are worried that some of the managers involved in the project could affect the outcome of any risk identification meeting. Your worry is based on the fact that some employees would not want to publicly identify risk events that could make their supervisors look bad. You would like a method that would allow participants to anonymously identify risk events. What risk identification method could you use?
A. Delphi technique
B. Isolated pilot groups
C. SWOT analysis
D. Root cause analysis
Answer: A
QUESTION NO: 3
CORRECT TEXT
Fill in the blank with an appropriate phrase.
_________models address specifications, requirements, design, verification and validation, and maintenance activities.
Answer: Life cycle
QUESTION NO: 4
CORRECT TEXT
Fill in the blank with an appropriate word.
________is also referred to as corporate governance, and covers issues such as board structures, roles and executive remuneration.
Answer: Conformance
QUESTION NO: 5
You are the project manager of the NHQ project for your company. You are working with your project team to complete a risk audit. A recent issue that your project team responded to, and management approved, was to increase the project schedule because there was risk surrounding the installation time of a new material. Your logic was that with the expanded schedule there would be time to complete the installation without affecting downstream project activities. What type of risk response is being audited in this scenario?
A. Avoidance
B. Mitigation
C. Parkinson's Law
D. Lag Time
Answer: A
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Updated: May 25, 2022