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During which risk management process is the

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53.1025During which risk management process is the determination to transfer a risk is made?a)Identify risksb)Perform quantitative risk analysis
c)Plan risk responsesd)Monitor and control risks54.1041You are a project manager for a major telecommunications network upgrade with NPVof US$10, 000, 00. You are heavily dependent on a third party vendor for your project andyour contact office informs you that there is a 30% chance that the vendor will go out ofbusiness at the end of the quarter. If that occurs , your project will incur a US$3,000,00 costoverrun due to rework . there is also a 30% chance that a new legislation will pass that willdecrease government oversight of your team’s work. If this legislation passes, you estimatethat your project will save US$1,600,000 in time delays. Lastly, your technical lead indicatesthat there is a 20% chance that a new software package will be available by the month end,that could save US$ 1,800,000 in testing time. If available, the software will cost US$500,000 to procure, install and train. What is the total expected monetary value of these 3risk events?
55.1018During the Plan Risk Management process, your team has come up with 434 risks and16 major causes of those risks. The project is a last of the series of all the projects which theteam has worked on together. The sponsor is very supportive and a lot of time was investedin making sure the project was complete and signed offby all the project stakeholders.During project planning, the team cannot come up with an effective way to mitigate orinsure against a risk. It is not work that can be outsourced, nor can it be deleted, what is theBEST solution?
56.1014. A ranking of lists and a list of risks for additional analysis are outputs of which processof risk management?

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Term
Spring
Professor
Brown
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