Section: Volume A
Explanation:
The activity duration estimates review is valuable in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk.
Incorrect Answers:
B: The activity cost estimates review is valuable in identifying risks as it provides a quantitative assessment of the expected cost to complete scheduled activities and is expressed as a range, with a width of the range indicating the degrees of risk.
C: A Risk management plan is a document arranged by a project manager to estimate the effectiveness, predict risks, and build response plans to mitigate them. It also consists of the risk assessment matrix.
D: It describes how the schedule contingencies will be reported and assessed.

Explanation/Reference:
Explanation:
The board of directors and senior management has the responsibility to set up the risk governance process, establish and maintain a common risk view, make risk-aware business decisions, and set the enterprise's risk culture.
Incorrect Answers:
B: CFO is the most senior official 0f the enterprise who is accountable for financial planning, record keeping, investor relations and financial risks. CFO is not responsible for responsible for setting up the risk governance process, establishing and maintaining a common risk view, making risk-aware business decisions, and setting the enterprise's risk culture.
C: Human resource is the most senior official of an enterprise who is accountable for planning and policies with respect to all human resources in that enterprise. HR is not responsible for risk related activities.

Section: Volume D
Explanation:
Business process modeling (BPM) and simulation is a method of Quantitative risk analysis and not Qualitative risk analysis.
The BPM and simulation discipline is an effective method of identifying and quantifying the operational risk in enterprise business processes. It improves business process efficiency and effectiveness.
Incorrect Answers:
A, B, C: These three are the methods of Qualitative risk analysis.

is incorrect. Cause-and-effect analysis is a predictive or diagnostic analytical tool used
to explore the root causes or factors that contribute to positive or negative effects or outcomes. It
is used during the process of exposing risk factors.