The only response you can do is to accept the risk. 1 is incorrect because you cannot mitigate the risk. 2 is incorrect because you cannot transfer the risk. 3 is incorrect because you cannot accept the risk.

Risk management planning does increase the possibility of success for the risk management processes. 1 is incorrect because risk management planning is not about risk identification, but rather how to approach and conduct risk management activities. 3 is incorrect because this statement is not true. 4 is incorrect because this concerns centers on risk identification and response, not the approach to risk management.

This early estimate is the rough order of magnitude estimate. 2 is incorrect because the definitive can be provided once the WBS has been created. 3 is incorrect because the budget is provided once the scope statement has been created. 4 is incorrect because the bottom-up is created once the WBS has been created.

Because the SOW provides all these elements. 1 is incorrect because the proposal does not provide these elements, but focusing on how the solution can be implemented. 2 is incorrect because the RFP asks the vendor to provide a proposal. 3 is incorrect because this document comes from the vendor to the buyer and is focused on price only.

Because resource leveling will typically require the project duration to increase. 1 is incorrect because there is no evidence that more labor is available, approved, or allowed. 2 is incorrect because there’s no evidence that more funds will be needed to complete the project work. 3 is incorrect because the creation of the schedule will not necessarily take longer to create. The completion of the project will likely take longer, however.

Because the goal of the kick-off meeting is to gain everyone’s commitment to the project. 1 is incorrect because the project goal is established before the kick-off meeting. 2 is incorrect because the project manager has likely already met the project team; in addition, this is not the goal of the meeting. 4 is incorrect because this statement is not valid.

The kick-off meeting is not the place for this discussion. 1 is incorrect because this is a desired outcome of the project kick-off meeting. 2 is incorrect because this is a desired outcome of the project kick-off meeting. 3 is incorrect because this is a desired outcome of the project kick-off meeting.

This is a true statement about the project kick-off meeting. 2 is incorrect because this is a false statement about the project kick-off meeting. 3 is incorrect because this is a false statement about the project kick-off meeting. 4 is incorrect because this is a false statement about the project kick-off meeting.

The project kick-off meeting happens after the initial project plan has been approved. 1 is incorrect because this does not answer the question as well as choice 3. 2 is incorrect because the project manager does not necessarily approve the project plan – management does. 4 is incorrect because this is not a valid statement.

When two competing entities partner together to complete a project through a contractual relationship it is called a team agreement 1 is incorrect because this is not a valid project management term. 2 is incorrect because this is not a valid project management term. 4 is incorrect because this is not a valid project management term.