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Question 78/100
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
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 (100q)
- Question 1: A new corporate policy was approved that will positively aff...
- Question 2: A new stakeholder has requested the status and progress repo...
- Question 3: During a project, a key stakeholder asks a project team memb...
- Question 4: A project is about to begin the execution phase. The SOW and...
- Question 5: Which of the following elements should be included on a resp...
- Question 6: Which of the following is the MOST appropriate communication...
- Question 7: A project manager has contracted a third-party vendor to ach...
- Question 8: A project team is defining detailed risks. Which of the foll...
- Question 9: A project team member highlights to the project manager that...
- Question 10: Project status meetings have poor attendance. A SME from the...
- Question 11: Which of the following describes a burn rate?...
- Question 12: A project manager is trying to explain to a stakeholder why ...
- Question 13: A governance committee has just approved a new project. The ...
- Question 14: The project team is distributed throughout a single country....
- Question 15: A minor change to the baseline schedule is required. This ch...
- Question 16: A vendor was removed from a company due to non-performance b...
- Question 17: Which of the following shows projected project expenditures?...
- Question 18: A daily standup Scrum meeting is BEST accomplished in a:...
- Question 19: Which of the following documents serves the primary purpose ...
- Question 20: A change is being implemented on a project, and while in tes...
- Question 21: A team member has completed an assigned task. Which of the f...
- Question 22: Which of the following activity sequencing techniques uses n...
- Question 23: A project manager is justifying a required change with the a...
- Question 24: A project manager has an opportunity to add a highly skilled...
- Question 25: During the execution phase of a project, a project task has ...
- Question 26: A project manager is reviewing documents to develop the proj...
- Question 27: An organization needs a vendor to provide a solution. The or...
- Question 28: Which of the following analyses should a project manager use...
- Question 29: An organization has determined that all projects must use a ...
- Question 30: Which of the following information does the project risk reg...
- Question 31: A senior developer abruptly resigned without notice. Because...
- Question 32: A software development project is struggling with a certain ...
- Question 33: When closing a project, which of the following must be compl...
- Question 34: A new project charter is being drafted. Which of the followi...
- Question 35: A project manager has developed the initial schedule for an ...
- Question 36: During the storming stage of a project team's development, i...
- Question 37: The key stakeholders have reported the project pace as being...
- Question 38: Despite receiving regular updates, a sponsor learns a projec...
- Question 39: When an action is taken on a risk, which of the following is...
- Question 40: Which of the following documents need to be updated as event...
- Question 41: Two team members are arguing over two different approaches t...
- Question 42: A PM receives notification that an issue will impact a deliv...
- Question 43: A project team is spread between two countries on different ...
- Question 44: A company has updated the method it uses to initiate project...
- Question 45: A project has a of $850,000. The project manager has identif...
- Question 46: A project manager receives a call from the area regional bui...
- Question 47: A project manager has been assigned a project with a budget ...
- Question 48: A project is coming to the end of a phase. The PMO requires ...
- Question 49: Which of the following is a schedule that illustrates the du...
- Question 50: During a project, the project manager discovers there is ins...
- Question 51: A company hires a number of interns and assigns them key rol...
- Question 52: The project sponsor has cut the resources required for proje...
- Question 53: A project manager is trying to ensure the quality of the des...
- Question 54: Which of the following techniques modifies the schedule base...
- Question 55: A project team has purchased computers with warranties exten...
- Question 56: Which of the following conflict resolution techniques relies...
- Question 57: A project manager is meeting with top management executives ...
- Question 58: Which of the following is the primary purpose of an MOA or a...
- Question 59: A project manager procures additional resources from a local...
- Question 60: A diagram or chart is required to illustrate data difference...
- Question 61: A project manager has received numerous complaints from staf...
- Question 62: Which of the following is a team-building stage that involve...
- Question 63: A quality auditor finds suspicious code during a software te...
- Question 64: The project's network map has a loop with multiple project o...
- Question 65: A risk with minor impact has been realized. There is no chan...
- Question 66: A project team on a four-year project has a shortage of work...
- Question 67: A stakeholders asked for a change to the project. The projec...
- Question 68: A company has dictated project scope changes but has stated ...
- Question 69: The executive sponsor asks a project manager to summarize th...
- Question 70: Two companies have merged. Which of the following may impact...
- Question 71: Which of the following describes risk mitigation?...
- Question 72: Which of the following is used to perform a root cause analy...
- Question 73: A team has been assembled and assigned a project to reduce r...
- Question 74: Which of the following describes how a project is related to...
- Question 75: Using Scrum, which of the following are discussed in a daily...
- Question 76: A project manager is informed that a team member would like ...
- Question 77: At a project kickoff meeting, several team members acted unp...
- Question 78: A risk with a high probability and medium consequence to a p...
- Question 79: Under an Agile methodology, standup meetings occur:...
- Question 80: During the planning phase of a construction project, the pro...
- Question 81: Which of the following inherently affects quality standards?...
- Question 82: On an OBS chart, there is a dashed line between some team me...
- Question 83: The project manager of a global project constantly receives ...
- Question 84: A project manager is unsure if the quality of a deliverable ...
- Question 85: Which of the following Agile ceremonies is used to determine...
- Question 86: An industry leader may be joining the project team and can p...
- Question 87: Which of the following are examples of organizational change...
- Question 88: A stakeholder is unaware of a project's status. Which of the...
- Question 89: A project manager has received a change order that will redu...
- Question 90: The chairperson of the board is visiting from another countr...
- Question 91: The PM is preparing for the planning phase kickoff meeting. ...
- Question 92: A manufacturer is developing a product that will start in on...
- Question 93: A project manager would like to bring vendors into a new pro...
- Question 94: Due to a new government regulation, a project change is requ...
- Question 95: A senior manager asks a project manager for an estimated bud...
- Question 96: A change must be made to a project to comply with municipal ...
- Question 97: A project manager travels abroad to meet the offshore team a...
- Question 98: During a project assessment, a project manager determines th...
- Question 99: A project manager provides status reports to a customer on a...
- Question 100: A task on the critical path will not be completed on time. T...
