Nancy Is the Project Manager of the NHH Project

question 136

Multiple Choice

Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the technology that the risk is affecting and proposes to Nancy a solution to the risk event. Nancy tells Bob that she has noted his response, but the risk really needs to pass through the quantitative risk analysis process before creating responses. Bob disagrees and ensures Nancy that his response is most appropriate for the identified risk. Who is correct in this scenario?

• A) Bob is correct. Bob is familiar with the technology and the risk event so his response should be implemented.
• B) Nancy is correct. Because Nancy is the project manager she can determine the correct procedures for risk analysis and risk responses. In addition, she has noted the risk response that Bob recommends.
• C) Nancy is correct. All risks of significant probability and impact should pass the quantitative risk analysis process before risk responses are created.
• D) Bob is correct. Not all risk events have to pass the quantitative risk analysis process to develop effective risk responses.

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Definitions:

Repayment

The act of paying back money that was borrowed.

Mortgage

A secured loan where the borrower pledges real estate as collateral to secure repayment to the lender, often used to purchase property.

Security Interest

A legal right granted by a debtor to a creditor over the debtor's property to secure the repayment of a debt or performance of some other obligation.

Real Property

Land and anything permanently affixed to it, such as buildings and trees.