You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure.
How much capital should the project set aside for the risk contingency reserve?
A.
$142,000
B.
$41,750
C.
$23,750
D.
$232,000
Explanation:
Contingency reserves are estimated costs to be used at the discretion of the project manager to deal with anticipated, but not certain, events. These events are “known unknowns” and are part of the project scope and cost baselines. The contingency reserve is calculated by multiplying the probability and the impact for the risk event value for each risk event. The sum of the risk events equals the contingency reserve for the project. Note that Risk D is a positive risk amount.
Answer option B is incorrect. This value is the sum of the risk events if you did not include Risk D as a positive risk value.
I agree with the answer.
Today I passed the CAP exam, This CAP dump is valid exactly. Please read all of theory and then use this CAP dump:
QUESTION 1
DIACAP applies to the acquisition, operation, and sustainment of any DoD system that collects, stores, transmits, or processes unclassified or classified information since December 1997. What phases are identified by DIACAP?
Each correct answer represents a complete solution. Choose all that apply.
A. Validation
B. Re-Accreditation
C. Verification
D. System Definition
E. Identification
F. Accreditation
Answer: ABCD
QUESTION 2
Which of the following is a subset discipline of Corporate Governance focused on information security systems and their performance and risk management?
A. Lanham Act
B. ISG
C. Clinger-Cohen Act
D. Computer Misuse Act
Answer: B
QUESTION 3
Ben is the project manager of the YHT Project for his company. Alice, one of his team members, is confused about when project risks will happen in the project. Which one of the following statements is the most accurate about when project risk happens?
A. Project risk can happen at any moment.
B. Project risk is uncertain, so no one can predict when the event will happen.
C. Project risk happens throughout the project execution.
D. Project riskis always in the future.
Answer: D
QUESTION 4
You are the project manager of the NKJ Project for your company. The project’s success or failure will have a significant impact on your organization’s profitability for the coming year. Management has asked you to identify the risk events and communicate the event’s probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?
A. Risk avoidance
B. Mitigation-ready project management
C. Risk utility function
D. Risk-reward mentality
Answer: C
QUESTION 5
Where can a project manager find risk-rating rules?
A. Risk probability and impact matrix
B. Organizational process assets
C. Enterprise environmental factors
D. Risk management plan
Answer: B
QUESTION 6
There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?
A. Risk register
B. Cost management plan
C. Risk management plan
D. Enterprise environmental factors
Answer: D
QUESTION 7
Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They’d like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?
A. Risk response plan
B. Quantitative analysis
C. Risk response
D. Contingency reserve
Answer: D
QUESTION 8
Which of the following professionals is responsible for starting the Certification & Accreditation
(C&A) process?
A. Authorizing Official
B. Chief Risk Officer (CRO)
C. Chief Information Officer (CIO)
D. Information system owner
Answer: D
QUESTION 9
You are working as a project manager in your organization. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control?
A. Quantitative risk analysis
B. Qualitative risk analysis
C. Requested changes
D. Risk audits
Answer: C
QUESTION 10
Which of the following DoD directives is referred to as the Defense Automation Resources Management Manual?
A. DoDD 8000.1
B. DoD 7950.1-M
C. DoD 5200.22-M
D. DoD 8910.1
E. DoD 5200.1-R
Answer: B
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