http://www.alsenosy.com | http://www.professionalengineers.us176 .Answer: D.
PMBOK® Guide, pages 395 - 396 , Introduction; and page 396 , Figure 11 - 1
Project Risk Management Processes
Project Risk Management includes the processes of conducting risk management planning,
identification,analysis,responseplanning,andcontrollingriskonaproject.Theobjectivesofproject
riskmanagementaretoincreasethelikelihoodandimpactofpositiveevents,and decreasethe
likelihoodandimpactofnegativeeventsintheproject.
Figure 11 - 1 provides an overview of the Project Risk Management processes, which are asfollows:
1.PlanRiskManagement-Theprocessofdefininghowtoconductriskmanagementactivitiesfora
project.
2.IdentifyRisks-Theprocessofdeterminingwhichrisksmayaffecttheprojectanddocumenting their
characteristics.
3.PerformQualitativeRiskAnalysis-Theprocessofprioritizingrisksforfurtheranalysisoractionby
assessingandcombiningtheirprobabilityofoccurrenceandimpact.
4.PerformQuantitativeRiskAnalysis-Theprocessofnumericallyanalyzingtheeffectofidentified risks
onoverallprojectobjectives.
5.PlanRiskResponses-Theprocessofdevelopingoptionsandactionstoenhanceopportunitiesandto
reducethreatstoprojectobjectives.
6.ImplementRiskResponses-Theprocessofimplementingpredefinedriskresponsesasrisksoccuron
theproject.
7.MonitorRisks-Theprocessofimplementingriskresponseplans,trackingidentifiedrisks,monitoring
residualrisks,identifyingnewrisks,andevaluatingriskprocesseffectivenessthroughout theproject.
177 .Answer: A.
PMBOK® Guide, pages 442 - 443 , Section11.5.2.4
StrategiesforThreats
Threestrategies,whichtypicallydealwiththreatsorrisksthatmayhavenegativeimpactsonproject
objectivesiftheyoccur,are:avoid,transfer,andmitigate.Thefourthstrategy,accept,canbeusedfor
negative risksor threats as well as positive risksor opportunities. Eachof theserisk response
strategieshasvariedanduniqueinfluenceontheriskcondition.Thesestrategiesshouldbechosen to
matchtherisk’sprobabilityandimpactontheproject’soverallobjectives.Avoidanceand mitigation
strategies are usuallygoodstrategiesforcritical riskswith highimpact,whiletransference and
acceptanceareusuallygoodstrategiesforthreatsthatarelesscriticalandwithlowoverallimpact.