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  1. I1077 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:





  2.   Acceptance is a strategy adopted because it is not possible to eliminate all risks from a project. This strategy indicates that the project management team has decided not to change the project management plan to deal with a risk. What action does passive acceptance require?





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





  4.   Identification of new risks, reassessment of old risks and closing of outdated risks are done as part of the Monitor and Control Risks phase. How often should project risk reassessment be scheduled?





  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?