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Your project progressed as planned up until yesterday. Suddenly, an unexpected risk event occurred. You quickly devised a response to deal with this negative risk event using which of the following tools and techniques of Risk Monitoring and Control?
A. Risk management plan updates
B. Workarounds
C. Corrective action
D. Additional risk identification


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More Project Management Interview Questions

Your hardware vendor left you voicemail saying that a snowstorm in the Midwest will prevent your equipment from arriving on time. You identified a risk response for this risk and have arranged for a local company to lease you the needed equipment until yours arrives. This is an example of which risk response strategy? A. Transference B. Acceptance C. Mitigation D. Avoidance

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You are a project manager for Penguin Software. Your company creates custom software programs for hospitals and large dental offices. You have just completed a project and are performing earned value analysis, trend analysis, and performance reviews. Which of the following is true? A. This is performance measurement documentation, which is an input to the Contract Closeout process B. This is performance measurement documentation, which is an input to the Administrative Closure process C. These are performance reporting tools and techniques of the Administrative Closure process D. These are performance reporting tools and techniques of the Contract Closeout process

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You are preparing a cash flow analysis for a project the company is considering undertaking. The project's cost is $525,000, and expected cash inflows are $125,000 the first year and then $75,000 per quarter the second year and $100,000 per quarter after that. What is the payback period? A. 16 months B. 27 months C. 32 months D. 28 months

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You are a project manager for Giraffe Enterprises. You've recently taken over for a project manager who lied about his PMI certification and was subsequently fired. Unfortunately, he did a poor job of Scope Definition. You know if you don't correct this, one of the following could happen: A. The stakeholders will require overtime from the project team to keep the project on schedule. B. The WBS will adversely affect the deliverable breakdowns, and costs will increase. C. The scope management plan will require changes. D. The project costs could increase, there might be rework, and schedule delays may result.

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Your project has experienced some changes to the agreed-upon WBS elements. The changes were approved through the proper change control process. The WBS changes may in turn require which of the following? A. Scope changes B. Cost changes C. Schedule revisions D. Risk response changes

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