Explanation/Reference:
Explanation:
All identified risks, their characteristics, responses, and their status should be added and monitored as part of the risk register. A risk register is an inventory of risks and exposure associated with those risks. Risks are commonly found in project management practices, and provide information to identify, analyze, and manage risks. Typically a risk register contains:
A description of the risk

The impact should this event actually occur

The probability of its occurrence

Risk Score (the multiplication of Probability and Impact)

A summary of the planned response should the event occur

A summary of the mitigation (the actions taken in advance to reduce the probability and/or impact of the

event)
Ranking of risks by Risk Score so as to highlight the highest priority risks to all involved.

Incorrect Answers:
A: Control management charts are not the place where risk events are recorded.
B: This is a risk event and should be recorded in the risk register.
D: Risks that have a low probability and a low impact may go on the low-level risk watch-list.

Section: Volume C
Explanation:
Root node is the starting node in the decision tree.
Incorrect Answers:
A: Decision nodes represents the choice available to the decision maker, usually between a risky choice and its non-risky counterpart.
C: Event node represents the possible uncertain outcomes of a risky decision, with at least two nodes to illustrate the positive and negative range of events.
B: End node represents the outcomes of risk and decisions.

Section: Volume A
Explanation:
Whenever the customer or key stakeholder asks for a change in the existing plan, you should ask him/her to submit a formal change request. Change requests may modify project policies or procedures, project scope, project cost or budget, project schedule, or project quality.
Incorrect Answers:
A, C, D: The first action required is to create a formal change request, if a change is requested in the project.

Section: Volume A
Explanation:
The Delphi technique uses rounds of anonymous surveys to build consensus on project risks. Delphi is a technique to identify potential risk. In this technique, the responses are gathered via a question and their inputs are organized according to their contents. The collected responses are sent back to these experts for further input, addition, and comments. The final list of risks in the project is prepared after that. The participants in this technique are anonymous and therefore it helps prevent a person from unduly influencing the others in the group. The Delphi technique helps in reaching the consensus quickly.
Incorrect Answers:
B: Root cause analysis is not an anonymous approach to risk identification.
C: Isolated pilot groups is not a valid risk identification activity.
D: SWOT analysis evaluates the strengths, weaknesses, opportunities, and threats of the project.

Explanation/Reference:
Explanation:
Monitoring tools have to be able to keep up with the growth of an enterprise and meet anticipated growth in process, complexity or transaction volumes; this is ensured by the scalability criteria of the monitoring tool.
Incorrect Answers:
B: For software to be effective, it must be customizable to the specific needs of an enterprise. Hence customizability ensures that end users can adapt the software.
C: It ensures that monitoring software is able to change at the same speed as technology applications and infrastructure to be effective over time.
D: The impact on performance has nothing related to the ability of monitoring tool to keep up with the growth of enterprise.