Fred Is the Project Manager of the PKL Project

question 129

Multiple Choice

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 plan risk response planning and as part of procurement.
• B) Quantitative risk analysis process will be completed again after the cost management planning and as a part of monitoring and controlling.
• C) Quantitative risk analysis process will be completed again after new risks are identified and as part of monitoring and controlling.
• D) Quantitative risk analysis process will be completed again after the risk response planning and as a part of monitoring and controlling.

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Definitions:

Strategy Execution

The process of implementing an organization's strategy effectively and efficiently to achieve its goals.

Customer Orders

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BPI Phase

Business Process Improvement Phase, a step in the process of analyzing and improving existing business processes to optimize performance and meet best practice standards.

"To Be" Process

A business blueprint detailing the desired optimized process or outcome that a company aims to achieve.