PMBOK Overview: Risk, Procurement and Stakeholder Management

Question 1

How many processes in risk management?

Answer 1

7

Question 2

Processes in risk management:

1. … risk management
2. … risks
3. Perform … analysis
4. Perform … analysis
5. Plan risk … (to … and … risk events)
6. Implement risk …
7. … risks

Answer 2

1. Plan
2. Identify
3. qualitative
4. quantitative
5. responses (negative and positive)
6. responses
7. Monitor

Question 3

Identify risks (process No 2) is an … … activity that allows us to document these risks in a risk …

Answer 3

ongoing iterative

register

Question 4

Risk analysis (processes No 3 and 4)
Generally we do qualitative first - it is about qualifying risky events for more …, so it is …-… and subjective.
Quantitative is …-….
a) Brings good understanding about the …
b) looks at the … and … impact if that risk actually occurs

Answer 4

analysis 
high-level
in-depth
a) probability
b) financial and time

Question 5

How many processes in procurement management?

Answer 5

3

Question 6

Processes in procurement management:

1. … procurement management
2. … procurements
3. … procurements

Answer 6

1. Plan
2. Conduct (begins with getting a bid/quote from the seller)
3. Control

Question 7

A stakeholder is any individual/group that is … by my project or they can … my project

Answer 7

affected

influence

Question 8

How many processes in stakeholder management?

Answer 8

4

Question 9

Processes in stakeholder management:

1. … stakeholders
2. … stakeholder engagement
3. … stakeholder engagement
4. … stakeholder engagement

Answer 9

1. Identify
2. Plan
3. Manage
4. Monitor

Question 10

When monitoring stakeholder engagement, we will create goals reg. … and … levels of engagement

Answer 10

current / desired

Question 11

Stakeholder management touches a lot of areas in PM, ex:

1. … …
2. Scope, because there was scope … with stakeholders
3. Risk, since there is varied stakeholder … for risk

Answer 11

1. communications management
2. validation
3. tolerance