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NEW QUESTION: 1
Gary has identified a project risk that could injure project team members. He does not want to accept any risk where someone could become injured on this project, so he hires a professional vendor to complete this portion of the project work. This workaround to the risk event is known as what type of risk response?
A. Transference
B. Mitigation
C. Avoidance
D. Acceptance
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Answer option B is correct.
Transference is a strategy to mitigate negative risks or threats. In this strategy, consequences and the ownership of a risk is transferred to a third party. This strategy does not eliminate the risk but transfers responsibility of managing the risk to another party. Insurance is an example of transference. When Gary hires a professional vendor to manage that risk, the risk event does not go away, but the responsibility for the event is transferred to the vendor.
Answer option A is incorrect. Avoidance removes the risk event entirely either by adding additional steps to avoid the event or by reducing the project scope requirements.
Answer option C is incorrect. Mitigations are actions that Gary's project team could take to reduce the probability and/or impact of a risk event.
Answer option D is incorrect. Gary is not accepting this risk event; he does not want anyone in his team to become injured, so he is transferring the event.
Reference: The Project Management Body of Knowledge, Fifth edition, Section 11.5.2.1, Page 345 Chapter: Quality and Risk Management Objective: Risk Modeling and Response

NEW QUESTION: 2
NO: 123
Which of the following is a characteristic of full-duplex communication?
A. It is a CSMA/CD network.
B. Hub communication is done via full duplex.
C. It is a CSMA/CA network.
D. It is point-to-point only.
Answer: D

NEW QUESTION: 3
When redistributing OSPF into RIP V2 what must be taken into consideration for the redistribution to take
place?
A. The router must be configured as an ASBR
B. The metric must be set accordingly for RIP
C. The subnet mask must be removed from the OSPF route
D. You must divide the cost of the OSPF route by three
Answer: B


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P-S4FIN-2021 Exam Info

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P-S4FIN-2021 Exam Topics

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