Please Do not press "Submit" at the end of the exam until you are sure of your responses, as your test will be graded immediately.
You can hover your mouse pointer over to see the question ID. Good luck!

1.  The list of identified risks is found in the risk register whereas the high-level risks are listed in the:

   A) Scope statement
   B) Requirement document
   C) Project charter
   D) Risk management plan
   

2.   The Iterate Risks project involves determining which risks may impact a project. It is considered an iterative process. What is the frequency of iteration?

   A) Every month
   B) Every fortnight
   C) The frequency of iteration will vary based on the situation
   D) Every week
   

3.  Sensitivity analysis helps to determine which risks have the most potential impact on the project. A project manager prepared a display chart of sensitivity analysis for his project. The diagram contained a series of bars with the length of the bars corresponding to the risk impact on the project. The longer the bars, the greater was the risk presented. Such a diagram is likely to be:

   A) An assessment diagram
   B) A triangular distribution
   C) A tornado diagram
   D) A funnel distribution
   

4.  A project manager included contingency reserves and management reserves in the total budget of a high-risk project. He also made certain earned value measurement calculations. Which of the following is incorrect?

   A) Reserves are included as part of earned value measurement calculations.
   B) Reserves are not part of the project cost baseline.
   C) The project manager needs to get approval before spending management reserve.
   D) Reserves are usually included in the total budget of a project.
   

5.  Risk identification checklists are usually developed based on historical information and knowledge accumulated from previous similar projects. Which of the following statements about risk identification checklists is wrong?

   A) It is impossible to build an exhaustive checklist.
   B) The lowest level of the Risk Breakdown Structure (RBS) cannot be used as a risk checklist
   C) Quick and simple risk checklists are the least effective ones.
   D) Risk checklists should be reviewed during project closure.