1. Right Answer: A
Explanation: The power/interest grid groups stakeholders based on their level of authority (power) and their level of interest in your project. The power/interest grid forms a group of the stakeholders based on their level of authority (power) and their level of interest in the project.Interest accounts to what degree the stakeholders are affected by examining the project or policy change, and to what degree of interest or concern they have about it. Power accounts for the influence the stakeholders have over the project or policy, and to what degree they can help to accomplish, or block, the preferred change.Stakeholders, who have high power and interests associated with the project, are the people or organizations that are fully engaged with the project. When trying to generate strategic change, this community is the target of any operation.Incorrect Answers:B: The stakeholder register is a listing of stakeholder information and communication requirements.C: The influence/impact grid charts is based on the stakeholders involvement and ability to effect changes to the project's planning and execution.D: The salience model groups the stakeholders based on their power, urgency, and legitimacy in the project.

2. Right Answer: A
Explanation: The change request log records the status of all change requests, approved or declined.The change request log is used as an account for change requests and as a means of tracking their disposition on a current basis. The change request log develops a measure of consistency into the change management process. It encourages common inputs into the process and is a common estimation approach for all change requests. As the log is an important component of project requirements, it should be readily available to the project team members responsible for project delivery. It should be maintained in a file with read-only access to those who are not responsible for approving or disapproving project change requests.Incorrect Answers:B: The project archive includes all project documentation and is created through the close project or phase process. It is not the best choice for this question.C: Lessons learned are not the correct place to document the status of a declined, or approved, change request.D: The project document updates is not the best choice for this to be fleshed into the project documents, but the declined changes are part of the change request log.

3. Right Answer: A,B,C,D
Explanation: Risk management provides an approach for individuals and groups to make a decision on how to deal with potentially harmful situations.Following are the four phases involved in risk management:1. Risk identification: The first thing we must do in risk management is to identify the areas of the project where the risks can occur.This is termed as risk identification. Listing all the possible risks is proved to be very productive for the enterprise as we can cure them before it can occur. In risk identification both threats and opportunities are considered, as both carry some level of risk with them.2. Risk Assessment and Evaluation: Risk assessment use quantitative and qualitative analysis approaches to evaluate each significant risk identified.3. Risk Prioritization and Response: As many risks are being identified in an enterprise, it is best to give each risk a score based on its likelihood and significance in form of ranking. This concludes whether the risk with high likelihood and high significance must be given greater attention as compared to similar risk with low likelihood and low significance. Hence, risks can be prioritized and appropriate responses to those risks are created.4. Risk Monitoring: Risk monitoring is an activity which oversees the changes in risk assessment. Over time, the likelihood or significance originally attributed to a risk may change. This is especially true when certain responses, such as mitigation, have been made.

4. Right Answer: A
Explanation: When the risk events occur then following tasks have to done to react to it: Maintain incident response plans Monitor riskInitiate incident response - Communicate lessons learned from risk events

5. Right Answer: A
Explanation: Probability of achieving time and cost estimates is an update that is produced from the Quantitative risk analysis process. In Qualitative risk analysis probability of occurrence of a specific risk is identified but not of achieving time and cost estimates.