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NEW QUESTION 27
During a project meeting, the sponsor, who is financing the project, asked for the risk status. After being provided with the risk register, the sponsor wants to assess the overall risk of the project in terms of possible cost overruns throughout its life cycle.
What should the project manager do?
  • A. Use the cost forecast to perform a sensitivity analysis of the cost status.
  • B. Prepare an Ishikawa analysis to prioritize the most important risks of the project.
  • C. Identify the financial health of the project using the risk register with the project team.
  • D. Prepare a report that includes the contingency reserves being used in the project.
Answer: A
Explanation:
Section: Monitoring and Controlling

NEW QUESTION 28
A project manager has been moved to a new division and is in charge of an existing project in an unfamiliar domain When attempting to gain an understanding of the risks for this agile project what is the primary tool the project manager should employ?
  • A. Collaborative discussions
  • B. Probability assessments
  • C. Workshops for risk avoidance
  • D. Interview with the project champion
Answer: A

NEW QUESTION 29
A project manager for a factory construction project in a small town is evaluating the necessary actions to engage stakeholders The local community is speculating the impact of the facility. There are rumors of job opportunities and environmental impacts which are listed on the project risk matrix What should the project manager do with regard to community engagement in this situation''
  • A. Include the local union representative in the high-power, high-impact stakeholder group
  • B. Build channels to extend communication efforts to the local community
  • C. Focus on the sideward stakeholders only and let the organization manage the community.
  • D. Use the city administration to address communication with the community
Answer: A

NEW QUESTION 30
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