Subtitles of the Movie

In this movie we'll cover the last 5 Questions remaining from your Practice Exam, and we'll be picking up with Question 36, which says: Using the lowest level of the risk breakdown structure, the risk management team was able to identify additional risks by examining all the areas of the project. What tool and technique is the risk management team using? A Root Cause Identification; B Assumptions Analysis; C Work Breakdown Structure Analysis; or D Checklist Analysis. The correct answer is D, Checklist Analysis. Remember the Checklist Analysis is a way of developing a checklist of items from areas within the project that may contain risk. It takes into account risks that may reside within work packages, and as a way of making sure that all the areas of the project are considered. And most importantly, it also utilizes the RBS. Question 37: Information gathering techniques used within the risk identification process include all of the following except: A Brainstorming; B Interviewing; C Root Cause Identification; or D Risk Categorization. The correct choice is D. Risk Categorization is a tool and technique of the qualitative risk analysis process, which we haven't covered to date. Moving on to Question 38: In order to solicit expert opinion of identified risks, the project manager has decided to reach consensus through the use of anonymous questionnaires. The intention is to prevent experts from having influence over one another's opinion. This technique is called: A Interviewing; B Delphi Technique; C Root Cause Identification; or D Brainstorming. The correct choice is Delphi Technique, which is B. The Delphi Technique is carried out by a facilitator that sends out a questionnaire containing multiple questions about important project risks. Then the experts receiving the questionnaires respond anonymously and the responses to the questionnaire are summarized and redistributed. Question 39: You are the project manager of a project building, an extension to the office building, which will be partially subleased. As part of risk identification you schedule a brainstorming meeting to discuss potential risks within the project. Who are you most likely to invite to attend this meeting? A The project sponsor; B A multidisciplinary set of experts; C The functional manager from each of the organization's departments; or D The customer. The correct answer is B, a multidisciplinary set of experts. Brainstorming is typically conducted with the project team and a group of multidisciplinary set of experts that are not on the team. And our final Question, number 40: A key stakeholder of the project approaches the project manager to inquire about a report that was due the previous day. According to the stakeholder, a status update was expected of the risks on the watchlist. The project manager checks the appropriate plan and confirms that the report is not due for another week. What plan did the project manager reference? A The Risk Management Plan; B The Risk Register; C The Risk Response Plan; or D The Procurement Management Plan. The project manager would reference the Risk Management Plan. The risk management plan includes information on the format and frequency of risk-related reports, as well as how the outputs of the processes will be documented, analyzed, and communicated to the appropriate individuals. Question 40 was the last question on our Practice Test, bringing this movie, and Section, to a close.