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An eco-friendly sustainable textile-dyeing project has begun, with a focus on identifying and managing environmental risks. The risk manager, collaborating with the project manager, is tasked with reviewing and updating the project's risk management plan. To inform this process, the risk manager needs relevant insights specifically related to environmental risk factors.
What should the risk manager do?

• A. Review process documents from Six Sigma to identify areas of process inefficiency.
• B. Consult environmental enthusiasts for informal feedback on potential risks.
• C. Refer to standards for information security management systems to ensure compliance.
• D. Use prompt lists to systematically identify and analyze environmental risk factors.

A project is established to expand the marketing of a product line into other countries. Five markets have been identified where the product is expected to perform well. The project is 10 weeks from launch, and the risk manager is holding a risk-management meeting. During the meeting, one team member identifies a strict packaging requirement in one country, while another team member reports rumors of a possible exchange-rate shift in another country.
What should the risk manager do?

• A. Record the packaging requirement in the issue log and classify the possible exchange-rate shift as a business risk.
• B. Record the packaging requirement in the risk register and classify the possible exchange-rate shift as an issue.
• C. Record the packaging requirement as a constraint and classify the possible exchange-rate shift as a volatility risk.
• D. Record the packaging requirement as a constraint and classify the possible exchange-rate shift as an assumption.

A risk manager has been assigned to replace a risk manager on sick leave. The new risk manager notices that the risk register is missing data that are key to the risk management process.
Which data will the risk manager require first?

• A. Project plan, risk complexity, and secondary risk
• B. Project plan, risk priority, and tool availability
• C. Risk description risk response, and quantitative data
• D. Risk description, risk probability, and risk impact

A project team identified some risks in a project. Team members became interested in predicting the outcomes of their potential choices following their probability of occurrence.
Which technique should the risk manager use?

• A. Political, economic, social, technological, legal, and environmental (PESTLE) analysis
• B. Cost-benefit analysis
• C. Strengths, weaknesses, opportunities, and threats (SWOT) analysis
• D. Decision tree analysis

Several key stakeholders approach the project manager with concerns. The stakeholders have received feedback from local businesses that have reported a reduction in customers because of construction activities at the worksite, and they plan to submit a claim to the municipality to fine the project manager ' s company.
How should the project manager address this concern?

• A. Evaluate the risk with the team and update the issueing
• B. Discuss the concern with the local business owners.
• C. Adjust construction work hours to after business hours.
• D. Update the key risks and perform a quantitative risk analysis.