Section: Volume C
Explanation:
The primary goal of qualitative risk analysis is to determine proportion of effect and theoretical response. The inputs to the Qualitative Risk Analysis process are:
* Organizational process assets
* Project Scope Statement
* Risk Management Plan
* Risk Register
Incorrect Answers:
B: The cost management plan is the input to the perform quantitative risk analysis process.

is incorrect. Risk transfer/sharing means reducing either risk frequency or impact by transferring or otherwise sharing a portion of the risk. Common techniques include insurance and outsourcing. These techniques do not relieve an enterprise of a risk, but can involve the skills of another party in managing the risk and reducing the financial consequence if an adverse event occurs. Answer: B is incorrect. Risk treatment means that action is taken to reduce the frequency and impact of a risk. Answer: C is incorrect. Acceptance means that no action is taken relative to a particular risk, and loss is accepted when/if it occurs. This is different from being ignorant of risk; accepting risk assumes that the risk is known, i.e., an informed decision has been made by management to accept it as such.

Section: Volume D

Explanation/Reference:
Explanation:
The change request log records the status of all change requests, approved or declined.
The change request log is used as an account for change requests and as a means of tracking their disposition on a current basis. The change request log develops a measure of consistency into the change management process. It encourages common inputs into the process and is a common estimation approach for all change requests. As the log is an important component of project requirements, it should be readily available to the project team members responsible for project delivery. It should be maintained in a file with read-only access to those who are not responsible for approving or disapproving project change requests.
Incorrect Answers:
B: The project archive includes all project documentation and is created through the close project or phase process. It is not the best choice for this option.
C: Lessons learned are not the correct place to document the status of a declined, or approved, change request.
D: The project document updates is not the best choice for this question. It can be placed into the project documents, but the declined changes are part of the change request log.

Section: Volume D