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NEW QUESTION 48
Don has hired Jerry, a contractor, to complete a portion of his project work. The contract used was a cost-plus contract. If Don were to perform a risk audit, who would carry the risk in this scenario?

A. Don would because of the contract type.B. Jerry would because of the contract type.C. Don would because he is the project manager.D. Jerry would because he is the hired contractor.

Answer: A

 

NEW QUESTION 49
Due to lack of specific knowledge within a technical domain, the project manager decides an expert from outside the organization should be invited into the project to identify and analyze risks. The project manager understands that the risk management process has many benefits, but it will also have clear costs.
Which of the following should the project manager do?

A. Identify internal resources with proper knowledge, and keep costs down.B. Hire experts as needed.C. Determine that the benefits outweigh the costs where risk is involved.D. Hire a specialized risk analysis consulting company.

Answer: C

 

NEW QUESTION 50
Frank is the project manager of the NHQ project for his company. Frank is working with the project team, key stakeholders, and several subject matter experts on risks dealing with the new materials in the project. Frank wants to utilize a risk analysis method that will help the team to make decisions in the presence of the current uncertainty surrounding the new materials. Which risk analysis approach can Frank use to create an approach to make decisions in the presence of uncertainty?

A. Monte Carlo TechniqueB. Delphi TechniqueC. Qualitative risk analysis processD. Quantitative risk analysis process

Answer: D

 

NEW QUESTION 51
Fill in the blank with an appropriate phrase. The _________ is the risk or danger of an action or an event, a method or a (technical) process that still conceives these dangers even if all theoretically possible safety measures would be applied.

A. residual risk

Answer: A

 

NEW QUESTION 52
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