Questions

1-Where can a project manager find risk-rating rules?

A-Risk management plan
B-Organizational process assets
C -Enterprise environmental factors
D -Risk probability and impact matrix
Answer: B Explanation: Risk ratings like low, medium, high defintions can be obtained from
OPA

2- Once the risks have been identified on the project, the next step is to manage
the risks. Of the following, which is not a suitable way of managing the risks?
A- By using existing assets
B-By contingency planning
C - By investing in new resources
D - By Brainstorming
Answer: D Explanation: Brainstorming is a tool and technique for risk identification. All of the
other options are ways of managing the risks. Existing assets may involve improvements to
existing methods and systems, changes in responsibility, etc. Contingency planning may help
you in minimizing the effect, if it happens. Investing in new resources may help in reducing or
insuring you against risk.

3-You are working with the project team on the Perform Qualitative Risk Analysis process. You
are having the project team to review the project scope statement as an input to the qualitative
risk analysis process. Why?
A-The project scope statement must be understood to see the project requirements and the
inherent risks of the project.
B-The project scope statement will reveal the type of project as either a recurrent or first-of-its-
kind project.
C-The project scope identifies the risks associated with project constraints.
D-The project scope statement must be reviewed to understand the quality requirements and the
risks associated with the demand for quality.

Answer: B Scope statement is about scope description, assumption, constraints, acceptance

criteria, etc..
4-You are the project manager of your organization. Your organization will
receive a bonus if the project finishes by December 20. Management has
communicated this bonus to you and your project team and has asked you to
evaluate the project to see if it is possible to realize the reward. The bonus
offered to your organization is $750,000. You have examined the project and
believe that you can crash the project for an additional $275,000 and reach the
December 20 date. Management is thrilled with your assessment and they
approve the crash fee. What risk response is this?
A- Crashing can be a type of the enhancing risk response.
B-Crashing can be considered transference because of the $275,000 is actually paid from the
bonus, which is paid by the project customer.
C-Crashing can be a type of the exploit risk response.
D-Crashing is the addition of labor, not a risk response.
Explanation:
Answer: A It's motivation for the team and which results in enhancing the opportunity

5- As a part of risk strategy and planning based on the enterprise environmental factors, the
probability and impact factors and scaling is established. How much detail and
repetition in approach for risks to be reassessed for probability and impact?
a) Each risk reassessment should go into the same depth as the original risk assessment
activity.
b) The probability and impact of risk event should determine the level of reassessment
throughout the project lifecycle.
c) The amount of detail of repetition that is appropriate depends on how the project
progresses relative to its objectives.
d) The level of detail and reassessment should reflect the priority of the project.
Answer: c). Explanation: Depends on the organization culture which is nothing but enterprise
environmental factors.

6- You work as a project manager and determining which risks can affect the project.
Which of the following inputs of the identify risks process is useful in identifying risks and
provides a quantitative assessment of the likely cost to complete the scheduled
activities?
a) Cost management plan
b) Activity cost estimates
c) Activity duration estimates
d) Risk management plan
Answer: b) Explanation: Activity cost estimate provides the details.
7- Due to the risk in the project there is a requirement of additional funding requirement and
by using this funding the project manager and the team wants to change the component
of a project. What component of the change control system would review the proposed
changes' impact on the features and functions of the project's product?
a) Scope change control system
b) Cost change control system
c) Configuration management system
d) Integrated change control
Answer: c) Explanation: To address the impact on feature/functionality/module one has to look
into the Configuration management

8- You are the project manager of a new project in your organization. You and the project
team have identified the project risks, completed risk analysis, and are planning the most
appropriate risk. Which of the following tools is most effective to choose the most
appropriate risk response?
a) Cause-and-effect diagrams
b) Project network diagrams
c) Delphi Technique
d) Decision tree analysis
Answer: d) Explanation: Decision tree helps in choosing the best by using the EMV technique. It
is a probabilistic approach.

9- Along with various stakeholders, you are trying to find out the type of projects that
can provide you a well understood risk. From the option given which one provides the
best answer to this question?
a) Operational work projects
b) First-of-its kind technology projects
c) Recurrent projects
d) State-of-art technology projects
Answer: c) Explanation: Compared to the other projects recurrent projects will have more well
understood risks.

10-During the execution of your project, one risk remains after implementing a risk response
plan,how can you deal with the new risk?
A- Workaround.
B- Fallback plan.
C- Analyzed and planned for in the same way as those risks which were initially identifed.
D- Identify, Analyze, Document and communicate to the relevant stakeholders.
My answer D.
11- During the execution of your project, one risk emerged as a direct result of implementing a
risk response plan,how can you deal with the new risk?
A- Workaround.
B- Fallback plan.
C- Analyzed and planned for in the same way as those risks which were initially identified.
D- Identify, Analyze, Document and communicate to the relevant stakeholders.
My answer C.
12- The Sponsor of project informed the new project manager who just joined the project that
project is on schedule and budget as well as risks are handles timely and effectively, The project
manager reviewed the reports and found that the project is two month behind schedule what is
the best decision can the new project manager take?
A- Fast track or crash the schedule.
B- Go ahead and don’t care about the time.
C- Inform the Sponsor.
D- Start risk audit.
My answer A.
13- You are the project manager of WZX Project. You identified all the risk in your project and
assign contingency reserve but all missing intermediate milestones as triggers conditions are not
identified. what you should do to handle this in future?
A- You should increase the frequency of risk review Meeting.
B- Risk Reassessment .
C- Risk audit.
D- Change request.
My answer A.
14- which of the following is circumstance under which a risk strategy or risk action will be
invoked?
A- Contingency plan.
B- Cause.
C- Effect.
D- Trigger condition.
My answer D.
15- You heard your team members discussing about a chosen mental disposition towards
uncertainty,adopted explicitly or implicitly by individuals and groups, driven by perception, and
evidenced by observable behavior and about an uncertain event or condition that, if it occurs, has
a positive or negative effect on a project’s objectives. What are your team members discussing
about?
A- Risk Tolerance/risk avers.
B- Risk Tolerance/risk.
C- Risk Tolerance/Event.
D- Risk attitude /Risk.
Answer D.
16- You are a project of XYZ protect in your organization. During the qualitative risk analysis
you are determining the critical success factors of this process. Which one of the following CSF
take into account the near term risk response?
A- Use agreed-upon definitions of risk terms.
B- Perform iterative qualitative risk analysis. Risk Probability Impact Contingency Reserve
C- Use agreed-upon approach.
D- Collect high quality of risk information .
Answer C.
17- Which one of the following options is an input to Quantitative risk analysis process.
A- Stakeholder register,
B- Project document.
C- Scope baseline.
D- Organizational process assets.
Answer D.
18- Mark is a project manager of DsA project in Organization ASA. he is working now in
manage communication process. Which one of the following options are tools of this process?
A- Communication Methods, Communication models, Communication technology, information
management systems and performance reporting.
B- Communication models, Communication technology, information management systems and
performance reporting.
C- Communication Methods, Communication models, Communication technology and
information management .
D- Communication Methods, Interpersonal skills ,management skills, information management
systems and performance reporting.
My answer A.
19- Joni is a project manager of MAC project in Organization AKD. he is working now in
Control communication process. Which one of the following options are inputs to this process?
A- Project management plan, Project communications, Issue log, Work performance information
and Organizational process assets.
B- Project management plan, Project communications, Work performance data and
Organizational process assets.
C- Project management plan, Project communications, Issue log, Work performance data and
Organizational process assets.
D- Communication management plan, Project communications, Issue log, Work performance
data and Organizational process assets.
My answer C
20-You are a project manager of XDS Project in your Organization DU inc. During the
quantitative risk analysis process ,you want to use tool to know the probability of completion
within budget and schedule, you decided to use a tool that not draw randomly from the entire
probability distribution ,the tool divided the distribution to equal intervals then draw randomly
from each interval by equal number of iterations.
A- Monte Carlo.
B- Decision tree analysis.
C- EMV.
D- LHC.
My answer D
21- Which of the following options is critical success factors of project risk management? .
A- Iterative and clearly define roles and responsibilities.
B- Maintain Risk awareness, integrate control risk in project monitor and control.
C- Integrate the project risk management in project management and Risk Effort Scaled to
Project.
D- Integration, iterations and validation .
Answer is C
22- The risk management plan contains a wealth of information that will be referenced
many times by the project team. Which of the following would be contained within the
risk management plan?
A-Lists of threats
B-Risk activity lead, and responsibilities
C-Lists of opportunities
D-EMV of top 10 risks
Answer: B. Risk activity lead, and other roles and responsibilities would be contained in the risk
plan. The other choices are contained in the risk register.
23- As a project manager for a new factory product line, you always watch for emerging
risks. Each month you pull the reports showing total product output for each day, and
number of defects found in the system. Which of the following is the best explanation of
why you do this?
A-You are comparing the actual output from the planned output to determine the work
performance data, which might indicate the emerging of project risks.
B-You are comparing the technical performance measurements to determine any variances
which might indicate the emergence of new risks.
C-You are comparing the schedule baseline to the WPD to determine the TCPI for the schedule.
D-You are comparing the actual output and the planned output while reviewing risks in the
register. Variances might indicate the need for a workaround.
Answer: B. A comparison of technical performance measurements could indicate the emergence
of risk if you have a negative variance. A is incorrect because the variance is known as WPI, not
WPD. C is incorrect because TCPI is related to the budget, not the schedule. D mentions
workarounds, which are needed for unforeseen risk events.
24- While planning risk responses with the team, the PM decides to mitigate a risk.
Which of the following is the best example of this?
A-The PM is hiring an onsite security company for the construction site in a questionable part of
town
B-The PM invites a peer to help interview a highly sought after candidate
C-The PM decides not to use a vendor with a poor performance history
D-The PM decides to use a vendor with an excellent performance history
Answer: A. Hiring a security company would be to reduce property loss on a construction site,
especially in a questionable part of town. B and D are similar to sharing and C is avoidance.

25- You have just finished updating the risk register with PIM scores. Which of the
following statements is most true at this point in your project?
A-The team performed a risk probability and impact assessment with the PIM to determine the
PIM scores
B-The team performed a risk probability and impact assessment with the PMI to determine the
PIM scores
C-The team performed a risk probability and impact assessment along with risk categorization to
determine the PIM scores
D-The team performed a risk probability and impact assessment along with a data quality
assessment to determine the PIM scores
Answer: B. The probability and impact assessment attempt to determine the likelihood of a risk
which will occur and its impaact. The PIM is necessary to determine the PIM scores from this
assessment.
26- While performing a risk reassessment during a monthly project meeting, a new risk
is discovered. Which of the following is the best course of action?
A-Document the risk, conduct analysis and if necessary, determine a response
B-Document the risk, conduct analysis, and determine a response
C-Conduct analysis, document the results, and if necessary, determine a response
D-Conduct analysis, document the results, and determine a response
Answer: A. When a new risk is identified, you must document the risk in the register. Then,
conduct the appropriate risk analysis, and if the risk exceeds your predetermined thresholds, you
must plan a response.
27- The project team has just finalized quantitative analysis, and are ready to plan risk
responses. Which of the following is a likely consequence of quantitative analysis?
A-Risk owner and action owner assignments
B-Justified contingency reserves
C-PIM scores
D-WPI to support decision making
Answer: B. Quantitative analysis is used to determine overall project risk to support decision
making, and in this case, how much might be needed in contingency reserves. A is plan risk
responses, C is qualitative analysis, and D is an output from control risks.
28- The Control Risks process is concerned with tracking identified risks, reassessing
risks, determining variances and implementing risk responses. Which of the following is
the most useful risk related document to this process?
A-Risk plan
B-PIM
C-WPI
D-Risk register
Answer: D. The risk register is the primary document that contains the risk information.

29- As a PM for a company in Florida, you have recently waited until the last moment
to evacuate the area due to an impending hurricane impact. You wanted to ensure
every team member was safe and now you are waiting in a long line to get gas and
hopefully, some snacks for the road. Which of the following is the best description of this
response?
A-Mitigation
B-Passive acceptance
C-Active acceptance
D-Avoidance
Answer: B. Performing any proactive actions or having a reactive response of any kind is known
as passive acceptance.

30- Which of the following would be detailed within the risk management plan?
A-EMV of top 10 risks
B-Risk action owners
C-High-level risks captured from the project charter.
D-The agenda for the risk status meetings
Answer: D. The agenda for the risk meetings may be published within the risk plan. The other
choices should be captured in the risk register.
31- There are many types of project documents created during the project lifecycle.
Many of them contain information concerning project related risks. Which of the
following would most likely NOT be one of them?
A-Resource Breakdown Structure
B-Source selection criteria
C-Project charter
D-Risk register
Answer: A. The Resource Breakdown Structure displays the necessary activity resources by
category and type. It does not display risk information. Choice B can contain risk assigned to the
seller. Choice C can contain high level risks, and Choice D is a primary risk document.
32- You have just completed developing all of your response strategies. Which of the
following would be a project document update?
A-Assigned risk owners
B-PIM scores
C-Risk variances
D-Change requests
Answer: A. Assigning risk owners, and action owners to implement responses is an expected
update from the process of Plan Risk Responses
33- As a CEO of a services company you are constantly looking out for new business.
Recently, a new contract proposal has caught your eye and you would love to win the
contract. Unfortunately, your company is not quite qualified to do the work. Which of the
following is the most appropriate response if you do NOT intend to actively pursue the
solicitation?
A-Sharing the opportunity with a more qualified company
B-Enhancing the opportunity by hiring more experienced personnel
C-Exploiting the opportunity by responding to the solicitation
D-Accepting the opportunity
Answer: D. If the CEO decides not to respond, he is accepting the opportunity, which includes
passive acceptance
34- Your project team is currently using event oriented and project oriented analysis.
What are they most likely doing?
A-Controlling risks
B-Quantitative analysis
C-Qualitative analysis
D-Risk identification
Choice B. Event and project oriented analysis is most commonly explored with sensitivity
analysis,
which is part of quantitative analysis.

35- As the project manager on a project already in progress, you are constantly
updating appropriate documents. Which of the following contains the most likely
updates after controlling risks?
A-Project management plan and OPA.
B-Project management plan, risk register, and EEF.
C-Project management plan, EEF and OPA.
D-Project management plan, organizational process assets, qualitative risk plan and additional
project documents
Answer: A. B and C contain EEF which is not a document to update, and D contains the
qualitative plan, which is not a real document.
36- You have just completed developing all of your response strategies. Which of the
following would be an unexpected project document update?
A-Outcomes of periodic risk reviews
B-Trigger conditions for risk occurrences
C-Agreed upon response strategies
D-Expected residual risk
Choice A, would not be updated at this time. Periodic risk reviews are conducted during the
Control Risks process.
37- As a risk manager for a company that resides in Florida, you are tasked with
determining the best course of action in case of a weather related evacuation. You
decide that each employee will have a travel bag by their desk. This bag will contain a
change of clothes, bottled water and food. They employees will only use these bags
when instructed to leave the company property and travel to a secondary company site.
What type of response is this?
A-Active acceptance
B-Passive acceptance
C-Mitigation
D-Transference
Answer: A. This type of strategy is known as active acceptance. The employees will use their
travel bags in a reactive manner. Mitigation is proactively doing something to reduce the
probability and impact. The other choices are not appropriate.

38- You are gathering sources of information so you can begin identifying risks on the
current project. Which of the following would not useful at this point?
A-Cost Management Plan
B-Schedule Management Plan
C-Scope Management Plan
D-Quality Management Plan
Choice C, the Scope Management Plan is not an input to the Identify Risks process. The Scope
Baseline, and the other choices are.
39- Your company has recently begun an aggressive campaign of pursuing federal
contracts and seeks the be the best in their field. As a consequence of this new strategy
the company begins hiring very experienced contractors. The contractors'
accomplishments will be used to promote the company's abilities in Federal
solicitations. How can this situation be best described?
A-The company has exploited an opportunity.
B-The company has enhanced an opportunity.
C-The company has actively accepted an opportunity
D-The company has shared an opportunity.
Answer: B. In this example, the company hired experienced contractors to enhance the
company's abilities, and increasing their chances of winning more Federal bids.
40- Which is the key benefit of the process of control risks?
A-Addresses the risks by their priority, inserting resources and activities into the budget,
schedule and project management plan as needed.
B-Improves efficiency of the risk approach throughout the project lifecycle to continuously
optimize risk responses.
C-Enables project managers to reduce the level of uncertainty and to focus on high priority risks.
D-Ensures that the degree, type, and visibility of risk management are commensurate with both
the risks and the importance of the project to the organization.
Answer: B. A is a benefit of the Plan Risk Responses process. C is a benefit of the Qualitative
Risk Analysis. D is a benefit of the Plan Risk Management process.
41- What is the BEST answer describing when risk identification is performed on a
project?
A-Risk identification should be performed after the scope baseline is set.
B-Risk identification might be performed during rolling wave planning.
C-Risk identification should be performed when the sponsor approves the project funding
requirements.
D-Risk identification should be performed during execution, when risk to the project is high.
B is the best answer, and this was a tricky question. Rolling wave planning is a form of
progressive
elaboration where you plan for the near term, and you can also identify risks in the near term.
Choice A cannot be the best answer as risk identification must be performed before any baseline
is set. Choice C is incorrect because the project funding requirements contain the cost baseline
and management reserves, and risk identification through analysis demand this is completed
before the funding requirements can be determined. Choice D is a good answer but risk
identification must occur throughout the project lifecycle.
42- Which one of the following would not be an appropriate response strategy for an
opportunity?
A-Chasing a dollar bill while on the jogging path
B-Asking a friend with a truck to help you get a new TV home
C-Placing a higher bid on construction equipment while at an auction
D-Passing up a gas station because you believe you can make it to your favorite one
Choice D is the best answer because it more closely resembles a passive strategy being used for
the threat of running out of gas. Choice A is passive acceptance for an opportunity, choice B is
the share strategy and choice C is the enhance strategy.
43- While determining schedule variances with the team a risk event occurs that you
must deal with. After analyzing the risk you determine that you must compress the
schedule to account for the risk's impact. Which of the following is the best example of
what you might do next?
A-You will begin adjusting the finish to finish relationships and change them all to start to start
relationships.
B-You will fast track all mandatory dependencies to complete the project earlier.
C-You will switch all leads with lags on the critical chain.
D-You will request more resources for the critical chain.
Answer: D. Adding more resources is crashing the schedule. Choice A might not reduce the
schedule duration, nor will C. Choice B cannot be done at all.

44- Which of the following is the best description for the mitigate response strategy?
A-Hiring contractors who are licensed and bonded
B-Purchasing bulk material after the price drops below normal market value
C-Deciding not to work in a state where there is a union
D-Buying non-skid work boots for your employees
Choice D is the best answer because it proactively doing something to reduce the probability of
employee accidents. Choice A is transference, choice B is active acceptance and choice C is
avoidance.
45- While updating the checklist template you intend to use on your project you decide
to verify it against one other source of information. Which of the following is most often
used to assist in checklist development?
A-WBS
B-OBS
C-RBS
D-EMV
Answer: C. The risk breakdown structure is most often used to develop risk checklists.

46- After calculating the PIM scores for all identified risks you prepare the project team
for quantitative analysis. Which of the following tools did you most likely use during this
round of analysis?
A-Interviewing
B-Decision trees
C-Risk urgency assessment
D-Assumptions analysis
Answer: C. This question may have tricked you. You first had to determine which process you
are in, which is qualitative analysis. They you had to determine which of the choices is used
there. Only choice C is a tool used in this process.
47- You decide to interview key stakeholders to capture their ideas about possible
risks on the project, as well as to understand their risk perceptions and attitudes. Where
did the key document containing the stakeholder information most likely come from?
A-Stakeholder register
B-Planning process group
C-Initiating process group
D-The risk management plan
Answer: C. The stakeholder register is an output from the identify stakeholder process, which is
in the initiating process group.

48- What source of risk would not exist within the Scope Baseline?
A-Work packages that have not been logically decomposed.
B-Control accounts being considered for use below a parent level deliverable.
C-Activities listed below the work packages that are inherently dangerous to team members.
D-The sum of child deliverables that are equal to 110% of the parent.
Answer C is not a source of risk within the Scope Baseline. It references activities below the
work packages, which are contained in the Schedule Baseline. The other choices are correct.

49- A project manager would like to inform everyone in a distributed team to update
their time cards for every week by Monday evening. What is the best way to
communicate this expectation?
A-Formal written
B-Informal written
C-Formal verbal
D-Informal verbal
Answer: b) Informal written - most likely the project manager will send an email reminder to
everybody, which represents informal written communication.
50-A plan developed in anticipation of the occurrence of a risk to be executed only if
specific predetermined trigger conditions arise is called:
A-Contingency reserve
B-Contingency plan
C-Risk management plan
D-Mitigation plan
Answer: b) Contingency plan is developed and used when the risk occurs or during the active
acceptance of the risk
51- You are managing an information technology project. A technical specialist on your
team, after having an informal meeting with a low ranking customer representative
working on the project, determines that a simple alteration would be a great addition to
the project. You and the project sponsor have already signed off on the scope and a
change control process is in place. The technical specialist installs the change with no
negative effect to the project schedule and at no additional cost. What management
action should be taken?
A-The technical specialist should be recognized for exceeding customer expectations without
affecting project cost or schedule
B-The project manager should add a task to the project plan with no additional scheduled time
and note that there was no increased budget
C-The technical specialist should be informed their actions were not authorized and was
inconsistent with the change management plan
D-The project manager should create a change control form, and have the customer sign-off,
since the change has already been made
Answer: c) The change control process should be followed by everyone on the project team.
Failure to manage change effectively can result in significant scope creep and could result in
serious implications and additional risk and liability.
52- A project manager is using an S-Curve to reflect the various expenditures of
resources over the projected time of the project. This S-Curve indicates that:
A-The bulk of the project cost is spent during execution
B-The project follows linear expenditure over all the phases
C-The project resource cost would be directly proportional to the size of the project
D-The project has high risk of attrition during execution
Answer: a) The S-Curve is used in project management as a means of representing the various
expenditures of resources over the projected time of the project or as a means of charting the
realtime expenditure of resources. This is important to project management in that it can be used
to monitor the project as it progresses and compare it to the projected S-Curve to determine
whether the project is being completed within the time and budget limitations. The shape of the
curve indicates the maximum cost and staffing levels are during the execution of the project
53- A risk which arises later in a project and could have been identified earlier on is
called:
A-Primary risk
B-Secondary risk
C-Residual risk
D-Emergent risk
Answer: d) An emergent risk is a risk which arises later in a project and which could have been
identified earlier on.
54- You identified a supplier who can create stained glass windows for 1,000 window units
in a construction project. The supplier is an artist who works by himself, but creates windows
for several companies throughout the United States. Management reviews the proposal to
use this supplier and while they agree that the supplier is talented, they do not think the
artist can fulfill the 1,000 window units in time for the project's deadline. Management asked
you to find a supplier who can fulfill the completion of the windows by the proposed date in
the schedule. What risk response has management asked you to implement?
A-Mitigation
B-Acceptance
C-Avoidance
D-Transference
Answer: a) Mitigation is used to reduce the impact on the project schedule

55- Based on the enterprise environmental factors and the risk attitude of the stakeholders
within the organization, what can be determined?
A-Risk attitude can affect the measurement of probability and impact.
B-Risk attitude can establish a stakeholder's influence over project decisions.
C-Risk attitude identifies stakeholders that are hygiene seekers or motivation seekers.
D-Risk attitude establishes stakeholders as positive or negative stakeholders.
Answer: a) Risk appetite explains risk attitude which in turns provides probability and impact.
The attitude can be organization and/or the individual.

56- You are a managing a project and outsourced some of the work to contractors. In the
status meeting with the contractor, you sensed that there can be delay from the contractor's
deliverable or in the extreme conditions, he may not deliver the work packages at all. To
overcome this risk, you formed a team with some experts who can work on those work
packages in case the contractor fails to deliver. What is the risk response plan here?
A-Transference
B-Mitigation
C-Avoidance
D-Acceptance
Answer: b) Risk mitigation means taking some sort of action that will cause a risk, if it
materializes, to doas little damage to your project as possible. Having team members spend time
doing work to prepare for the risk is a good example of risk mitigation.
57- You are working with his project team to plan the risk responses for a Project. You
would like the project team to work together on establishing risk thresholds in the project.
What is the purpose of a risk threshold?
A-It helps to identify those risks for which specific responses are needed
B-It is a limit of the funds that can be assigned to risk events.
C-It is a warning sign that a risk event is going to happen.
D-It is a study of the organization's risk tolerance.
Answer: a) Every organization defines the risk threshold so that it can take appropriate action
based on the trigger points.

58- Which of the following statement is true?

A-The quantitative risk analysis process will review risk events for their probability and impact
on the project objectives.
B-The quantitative risk analysis seeks to determine the true cost of each identified risk event and
the probability of each risk event to determine the risk exposure.
C-The quantitative risk analysis process will analyze the effect of risk events that may
substantially impact the project's competing demands.
D-The quantitative risk analysis reviews the results of risk identification and prepares the project
for risk response management.
Answer: c) Quantitative risk analysis helps in numerically assigning the impact considering the
overall project objectives.