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NEW QUESTION: 1
Wendy has identified a risk event in her project that has an impact of $75,000 and a 60 percent chance of happening. Through research, her project team learns that the risk impact can actually be reduced to just $15,000 with only a ten percent chance of occurring. The proposed solution will cost $25,000. Wendy agrees to the $25,000 solution. What type of risk response is this?
A. Transference
B. Explanation:
Risk mitigation implies a reduction in the probability and/or impact of an adverse risk event to be within acceptable threshold limits. Taking early actions to reduce the probability and/orimpact of a risk occurring on the project is often more effective than trying to repair the damage after the risk has occurred.
C. Enhancing
D. Mitigation
E. Avoidance
Answer: D
Explanation:
is incorrect. Avoidance changes the project plan to avoid the risk altogether. Answer: C is incorrect. Transference requires shifting some or all of the negative impacts of a threat, along with the ownership of the response, to a third party. Transferring the risk simply gives another party the responsibility for its management-it does not eliminate it. Transferring the liability for a risk is most effective in dealing with financial risk exposure. Risk transference nearly always involves payment of a risk premium to the party taking on the risk. Answer: D is incorrect. Enhancing is actually a positive risk response. This strategy is used to increase the probability and/or the positive impact of an opportunity. Identifying and maximizing the key drivers of these positive-impact risks may increase the probability of their occurrence.

NEW QUESTION: 2

A. SAP Web Application Server 6.40
B. SAP NetWeaver Application Server 7.00
C. SAP Basis 4.6D
D. SAP NetWeaver Application Server 7.10
Answer: B

NEW QUESTION: 3
A contract Management Maturity Model has how many levels in total?
A. 0
B. 1
C. 2
D. 3
Answer: A

NEW QUESTION: 4
What is the effect of the business rule shown in the screenshot?

Please choose the correct answer.
Response:
A. If there is no change in the annual salary of an employee, set the event reason as PAYMEZ.
If there is decrease in the annual salary of an employee, set the event reason as DATACHG.
If there is an increase in the annual salary of an employee, set the event reason as PAYMER.
B. If there is no change in the annual salary of an employee, set the event reason as PAYMER.
If there is decrease in the annual salary of an employee, set the event reason as DATACHG.
If there is an increase in the annual salary of an employee, set the event reason as PAYMEZ.
C. If there is no change in the annual salary of an employee, set the event reason as PAYMEZ.
If there is decrease in the annual salary of an employee, set the event reason as PAYMER.
If there is an increase in the annual salary of an employee, set the event reason as DATACHG.
D. If there is no change in the annual salary of an employee, set the event reason as DATACHG.
If there is decrease in the annual salary of an employee, set the event reason as PAYMEZ.
If there is an increase in the annual salary of an employee, set the event reason as PAYMER.
Answer: D

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