You are forced to accept the risk. 2 is incorrect because avoidance implies that the risk can be taken out of the project, in this instance it cannot as the risk is inherent to the project work. 3 is incorrect because exploit is a risk response when the risk is identified as a positive risk or opportunity. 4 is incorrect because mitigate is a response to lower or eliminate the risk impact. In this instance there’s nothing that can be done about the risk.

A risk audit determines the effectiveness of risk responses. 1 is incorrect because this answer describes the risk identification process. 2 is incorrect because this answer describes the risk analysis processes. 4 is incorrect because this answer describes the expected monetary value performed in quantitative risk analysis.

When a risk depletes the contingency reserve it calls for reserve analysis in relation to the amount of remaining risks within the project. 1 is incorrect because the project likely won’t need to cancelled because of the risk event. 2 is incorrect because this event is iterative. 4 is incorrect because there’s no evidence yet if additional funds are needed.

You are enhancing your own competence through additional education. 1 is incorrect. This is not a valid answer in regard to the professional responsibility. 2 is incorrect. Project management is already a respectable career track 3 is incorrect. This is not an example of conflict of interest.

The project manager should confront the problem to find a win-win solution for the customer. 2 is incorrect. Mary’s decision may not be the best solution for the project. 3 is incorrect. France’s decision may not be the best solution for the project, either. 4 is incorrect. Compromise requires both parties to give up something; it is considered to be a lose-lose solution.

Smoothing “smoothes” out the conflict by minimize the perceived size of the problem. 1 is incorrect. This is an example of withdrawal. 2 is incorrect. This is an example of forcing. 4 is incorrect. This is an example of compromising.

The quality policy set by management, not the project manager. The project must adhere to these standards. 1 is incorrect. This is likely to cause more hard feelings with Marcy. 2 is incorrect. This explanation may be beyond the project manager’s ability and position. In addition, Marcy may find this insulting that the project manager is explaining a policy to her. 3 is incorrect. This may or may not be true; the question does not provide enough information to come to this conclusion.

A change request form will allow the change request to be documented, considered, and approved or declined. 1 is incorrect. This is not a correct statement about the circumstance described. 2 is incorrect. This is incorrect; scope statements can be changed if the need is appropriate. 4 is incorrect. The project sponsor is not the party to talk to about changes at this point. A change request is the best form of action.

In this instance the labor union is a project constraint. 1 is incorrect. The union is not the Project Sponsor. 2 is incorrect. The union is not the Project champion. 3 is incorrect. The union is not part of the project team.

Even though your company has no formal archiving method you should still organize, index, and store the information for future reference. It may prove valuable if the company you have just completed the work for retains your firm for another project. 1 is incorrect. Project records should be archived. 2 is incorrect. The project manager should not destroy the project records – they should be archived for future reference. 4 is incorrect. The information in the archives may be sensitive to your organization and should not be seen by the customer.