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Question 89/118
A risk with a high probability and medium consequence to a project has been identified. In response, the project manager has purchased an insurance plan with the intent to provide additional funds if the risk is realized. There is no risk to the schedule or scope. Which of the following types of risk strategies is this an example of?
Correct Answer: B
Explanation/Reference:
Explanation
"Transfer: Moving the liability for the risk to a third party by purchasing insurance, performance bonds, and so on" Excerpt From: Kim Heldman. "CompTIA Project+ Study Guide." iBooks.
Explanation
"Transfer: Moving the liability for the risk to a third party by purchasing insurance, performance bonds, and so on" Excerpt From: Kim Heldman. "CompTIA Project+ Study Guide." iBooks.
- Question List (118q)
- Question 1: A project team is spread between two countries on different ...
- Question 2: A project team has failed to deliver on changes the project ...
- Question 3: A team member was replaced on a project by a new team member...
- Question 4: While developing a project schedule, the project manager is ...
- Question 5: A project manager is working on the project charter. Which o...
- Question 6: A project coordinator logs potential events that can affect ...
- Question 7: A new stakeholder has joined the project team and requested ...
- Question 8: A customer has stated that meeting the project schedule and ...
- Question 9: An authorized change to a construction project was implement...
- Question 10: The client accepts the critical design review. Which of the ...
- Question 11: A project team is mainly based in a metropolitan area. The t...
- Question 12: Using Scrum, which of the following are discussed in a daily...
- Question 13: A project manager has noticed poor attendance as status meet...
- Question 14: Which of the following documents does a vendor rely on MOST ...
- Question 15: A customer will have ongoing changes to project requirements...
- Question 16: A business has implemented a new online performance manageme...
- Question 17: A governance committee has just approved a new project. The ...
- Question 18: A project team has finished creating a WBS and started devel...
- Question 19: A project has a ВАС of $850,000. The project manager has ...
- Question 20: A project has fallen behind schedule. Upon investigation, th...
- Question 21: Which of the following is a team-building stage that involve...
- Question 22: An industry leader may be joining the project team and can p...
- Question 23: A project manager is trying to explain to a stakeholder why ...
- Question 24: A change must be made to a project to comply with municipal ...
- Question 25: Which of the following charts is a graphical representation ...
- Question 26: Which of the following risk strategies is represented by the...
- Question 27: A customer has requested additional features for an active p...
- Question 28: At a weekly project team meeting, it is apparent the project...
- Question 29: A customer asks a project manager if a small change can be m...
- Question 30: A project manager received a change request, immediately doc...
- Question 31: Which of the following project documents should be used to r...
- Question 32: A project team is composed of numerous team members who are ...
- Question 33: A project manager noticed the development team supporting a ...
- Question 34: A risk with minor impact has been realized. There is no chan...
- Question 35: A team has been assembled and assigned a project to reduce r...
- Question 36: A company hires a number of interns and assigns them key rol...
- Question 37: Which of the following is a schedule that illustrates the du...
- Question 38: Which of the following is a definition of an RFP?...
- Question 39: A project manager has been asked to prepare and present a re...
- Question 40: A team member was assigned a new task during a meeting. The ...
- Question 41: An active project has a CPI of 0.92. Which of the following ...
- Question 42: A project manager needs to identify the resources assigned t...
- Question 43: Team members have reported that meetings are poorly attended...
- Question 44: A new project charter is being drafted. Which of the followi...
- Question 45: Which of the following are examples of organizational change...
- Question 46: A key stakeholder asks the project manager for additional fe...
- Question 47: A new project sponsor has joined the project team, and the c...
- Question 48: While working on risk ranking, the project team is unsure ab...
- Question 49: A subcontractor has submitted design documentation on the de...
- Question 50: Two team members have concluded that documentation is not re...
- Question 51: The PM is preparing for the planning phase kickoff meeting. ...
- Question 52: During the execution phase, the project manager discovered t...
- Question 53: A project manager is releasing resources and archiving docum...
- Question 54: A project manager would like to bring vendors into a new pro...
- Question 55: The key stakeholders have reported the project pace as being...
- Question 56: A project team member highlights to the project manager that...
- Question 57: A non-stakeholder approaches the project manager and asks if...
- Question 58: Which of the following describes how a project is related to...
- Question 59: Which of the following individuals is MOST likely to be a ke...
- Question 60: A project has passed a phase-gate, and the new phase is read...
- Question 61: A project manager wants to ensure that a detailed overview o...
- Question 62: During the testing phase, a team member has informed the pro...
- Question 63: А new stakeholder has been added to a project with a BAG of...
- Question 64: During the execution phase of a project, a project task has ...
- Question 65: Two team members approach a project manager with different i...
- Question 66: Which of the following measurements would give the project m...
- Question 67: A project manager at a projectized organization is finishing...
- Question 68: Team members have reported poor sound quality during critica...
- Question 69: A milestone task on the critical path has been completed. Wh...
- Question 70: In which of the following organizational structures would a ...
- Question 71: A project manager who is part of a global team wants to have...
- Question 72: An agreement document that is intended to prevent two or mor...
- Question 73: A project manager is assigned to a new project that must sta...
- Question 74: A new high-priority project is assigned to the project manag...
- Question 75: A quality auditor finds suspicious code during a software te...
- Question 76: The business stakeholder has been engaged late and has just ...
- Question 77: A project manager needs to track the actual and estimated st...
- Question 78: Which of the following is the MOST likely target audience to...
- Question 79: A project manager wants to introduce the practice of a WBS t...
- Question 80: A project team completed a brainstorming activity to determi...
- Question 81: Which of the following inherently affects quality standards?...
- Question 82: A project is in the initiation phase. Which of the following...
- Question 83: Which of the following events would MOST likely trigger comm...
- Question 84: Which of the following elements should be included on a resp...
- Question 85: The project schedule performance index is 1.1, and the cost ...
- Question 86: Two team members completely disagree on how to complete a sp...
- Question 87: A project is taking more effort than anticipated. Which of t...
- Question 88: Which of the following describes risk mitigation?...
- Question 89: A risk with a high probability and medium consequence to a p...
- Question 90: Which of the following are mutually binding project document...
- Question 91: Which of the following documents should be used to provide h...
- Question 92: A project manager must create documentation before the proje...
- Question 93: A project manager is creating the monthly report for top man...
- Question 94: A vendor is unable to deliver an order by the specified date...
- Question 95: If a project sponsor wants to know the current status and pr...
- Question 96: Which of the following is the primary purpose of an MOA or a...
- Question 97: Which of the following risk strategies prevents a risk from ...
- Question 98: Due to a new government regulation, a project change is requ...
- Question 99: Which of the following is described as placing responsibilit...
- Question 100: A project in the execution phase is over budget, and tasks o...
- Question 101: In a project with a ВАС of $235,000, the CPI is 0.80, and...
- Question 102: A project manager is informed that a team member would like ...
- Question 103: A project manager has received a change order that will redu...
- Question 104: A vendor has accepted a proposed project from a customer. Wh...
- Question 105: A project manager receives a call from the area regional bui...
- Question 106: When forming a project team, there are a number of phases. W...
- Question 107: An organization has determined that all projects must use a ...
- Question 108: During a project assessment, a project manager determines th...
- Question 109: Which of the following shows projected project expenditures?...
- Question 110: A project manager provides status reports to a customer on a...
- Question 111: A project team on a four-year project has a shortage of work...
- Question 112: Several team members report that meeting objectives are not ...
- Question 113: Which of the following would indicate a project manager is w...
- Question 114: In which of the following categories does a business process...
- Question 115: A company has hired a new project manager. The PMO has brief...
- Question 116: A team member has completed an assigned task. Which of the f...
- Question 117: A project manager does not have enough time to complete seve...
- Question 118: A project manager has an opportunity to add a highly skilled...
