Sammy is the project manager for her organization. She would like to rate each risk based on its probability and
affect on time, cost, and scope. Harry, a project team member, has never done this before and thinks Sammy
is wrong to attempt this approach. Harry says that an accumulative risk score should be created, not three
separate risk scores. Who is correct in this scenario?
You work as a project manager for TechSoft Inc. You are working with the project stakeholders on the
qualitative risk analysis process in your project. You have used all the tools to the qualitative risk analysis
process in your project. Which of the following techniques is NOT used as a tool in qualitative risk analysis
process?
Ted is the project manager of the HRR project for his company. Management has asked that Ted periodically
reviews the contingency reserve as risk events happen, pass, or are still pending. What is the purpose of
reviewing the contingency reserve?
A stakeholder is asked to approve additional funding to implement a risk response plan. However, the
stakeholder is unsure of the amount that could be approved without escalation.
Where should the stakeholder look to determine the amount that can be approved?