Which of the following concepts is a semi-standard structured report supported by proven
design methods and automation tools that can be used by managers to keep track of the
execution of activities by staff within their control and monitor the consequences arising
from these actions?

A.

Total Security Management

B.

Balanced Scorecard (BSC)

C.

Total Quality Management

D.

Six Sigma

Which of the following processes is described in the statement below?
"This is the process of numerically analyzing the effect of identified risks on overall project
objectives."

A.

Identify Risks

B.

Perform Qualitative Risk Analysis

C.

Perform Quantitative Risk Analysis

D.

Monitor and Control Risks

Which of the following is a process improvement approach that provides organizations with
the essential elements for effective process improvement and guides process improvement
across a project, a division, or an entire organization?

A.

Capability Maturity Model Integration

B.

Service Portfolio

C.

COBIT

D.

Six Sigma

Which of the following levels of Gartner's cost optimization framework describes the right
kind of partnership with IT vendors, which can benefit each party in times of economic
upturns?

A.

Cost Savings within IT

B.

Joint Business and IT Cost Savings

C.

IT Procurement

D.

Enabling Innovation and Business Restructuring

Your project is an agricultural-based project that deals with plant irrigation systems.
You have discovered a byproduct in your project that your organization could use to make
a profit you’re your organization seizes this opportunity it would be an example of what risk
response?

A.

Exploiting

B.

Positive

C.

Opportunistic

D.

Enhancing

Management has asked you to perform a risk audit and report back on the results.
Bonny, a project team member asks you what a risk audit is. What do you tell Bonny?

A.

A risk audit is a review of the effectiveness of the risk responses in dealing with
identified risks and their root causes, as well as the effectiveness of the risk management
process.

B.

A risk audit is a review of all the risks that have yet to occur and what their probability of
happening are.

C.

A risk audit is an audit of all the risks that have occurred in the project and what their
true impact on cost and time has been.

D.

A risk audit is a review of all the risk probability and impact for the risks, which are still
present in the project but which have not yet occurred.

Which of the following frameworks defines ERM as a process, effected by an entity's board
of directors, management, and other personnel, applied in strategy setting and across the
enterprise?

A.

COBIT

B.

COSO ERM framework

C.

Casualty Actuarial Society framework

D.

Val IT

Fred is the project manager of the PKL project. He is working with his project team to
complete the quantitative risk analysis process as a part of risk management planning.
Fred understands that once the quantitative risk analysis process is complete, the process
will need to be completed again in at least two other times in the project. When will the
quantitative risk analysis process need to be repeated?

A.

Quantitative risk analysis process will be completed again after the risk response
planning and as a part of monitoring and controlling.

B.

Quantitative risk analysis process will be completed again after the plan risk response
planning and as part of procurement.

C.

Quantitative risk analysis process will be completed again after new risks are identified
and as pa of monitoring and controlling.

D.

Quantitative risk analysis process will be completed again after the cost management
planning an as a part of monitoring and controlling.

Benchmarking is a continuous process that can be time consuming to do correctly.
Which of the following guidelines for performing benchmarking identifies the critical
processes and creates measurement techniques to grade the process?

A.

Research

B.

Adapt

C.

Plan

D.

Improve

Fill in the blank with an appropriate word.
________is also referred to as corporate governance, and covers issues such as board
structures, roles and executive remuneration.