During a risk reassessment workshop with the project team and some external stakeholders, two key external stakeholders are overemphasizing the impact of a few project risks. This has led to a conflict.
How should the risk manager handle this situation?

• A. Use the assumption analysis techniques to validate the assumptions.
• B. Request for a skilled facilitator to help resolve conflicts that have arise.
• C. Refer to the team's ground rules on how to resolve conflicts.
• D. Run a sensitivity analysis to check which risks have the most impact.

A project manager for a large product development project assigned a risk manager to perform the risk management. The project sponsor questions why this project requires a risk manager as it is similar to a previous project with a developed risk strategy.
How should the risk manager explain the need for a risk strategy specific to this project?

• A. A risk strategy aligns individual project risk thresholds with organizational risk appetite.
• B. A project specific risk strategy includes enough information to respond to audits and compliance requirements.
• C. A risk strategy ensures alignment of the organizational structure to the specific project.
• D. A risk strategy is a best practice and ensures quality in the project planning.

A project team is preparing a project plan for a government-funded project with multiple stakeholders, including government employees. The project sponsor requests the risk manager estimates the potential costs associated with delays that may arise from government employees, due to bureaucratic processes and other administrative factors.
How should the risk manager approach this task?

• A. Perform a quantitative risk analysis to determine the potential financial impact of government-related delays.
• B. Conduct a qualitative risk analysis to assess the likelihood and impact of potential delays.
• C. Create a risk register to document all potential risks and estimated impacts, including delays due to government employees.
• D. Develop a risk response plan that includes specific mitigation strategies for government-related delays.

A major data center initiative involves performing a sensitivity analysis to determine the center ' s required amount of disaster recovery. Several key stakeholders are in disagreement about which level of disaster recovery is required. The lessons learned disaster recovery plans, and the difference for this data center is its geographical location and unique climate requirements. The database includes examples from previous similar initiatives, as well as the competitor ' s advertised plans.
What should the risk manager do to quantify the risk?

• A. Consult environmental enterprise factors for benchmarks.
• B. Consider leveraging the Delphi technique.
• C. Review organizational process assets for guidance.
• D. Initiate a 360-degree assessment.

A risk manager for a large project has completed documenting the risk management plan. The project is moving from planning to execution.
Which three actions should the risk manager take to ensure the risk management plan remains effective during the project timeframe? (Choose 3)

• A. Ensure management reserves are sufficient to cover the mitigation plans for all identified risks.
• B. Monitor the status and oversee execution of the risk response plan for each identified risk.
• C. Verify whether or not any identified risks might occur and implement the risk response plan.
• D. Regularly check and report on the status of risks identified according to their prioritization.
• E. Allocate and lock in project resources according to the initial risk prioritization for all identified risks.