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Exam Code: L4M7
Exam Name: CIPS Whole Life Asset ManagementCertification
Version: V16.75
Q & A: 400 Questions and Answers
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About CIPS L4M7 Exam
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NEW QUESTION: 1
The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of Year 4, the commodity which experienced the greatest projected percentage price index increase over today is:
A. Steel
B. Manufacturing labor
C. Copper
D. None of the above
Answer: B
NEW QUESTION: 2
During which of the following processes is the probability and impact matrix prepared?
A. Control risks
B. Plan risk responses
C. Perform qualitative risk analysis
D. Perform quantitative risk analysis
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Answer option B is correct.
The probability and impact matrix is a technique to prioritize identified risks of the project on their risk rating. Evaluation of each risk's importance and, hence, priority for attention, is typically conducted using a look-up table or a probability and impact matrix. This matrix specifies combinations of probability and impact that lead to rating the risks as low, moderate, or high priority.
Answer options A, D, and C are incorrect. These processes are part of the project risk management knowledge area. The probability and impact matrix is prepared during perform qualitative risk analysis for further quantitative analysis and response based on their risk rating.
Reference: The Project Management Body of Knowledge, Fifth edition, Section 11.3, Page 328 Chapter: Quality and Risk Management Objective: Risk Probability and Impact Matrices
NEW QUESTION: 3
Which trend is further complicating customers' hybrid IT environments?
A. Most companies must acquire the necessary expertise to manage multiple clouds.
B. Companies must enhance the security of traditional IT to match the stronger security provided by public clouds.
C. Many companies cannot fund public cloud projects, creating a greater need for traditional IT.
D. A majority of companies are focusing an wireless, rather than wired, access in campus networks.
Answer: C
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