Free PMP Exam

The project manager and the project team are currently assessing various ways of responding to a particular risk. The project involves reconstructing part of their current office building, and they’re worried about a hurricane hitting and damaging the materials or parts of the unfinished building. The best response they came up with was to purchase insurance in case a hurricane does hit. What kind of strategy is this?   

The project sponsor has signed off on the project charter and has spoken to the project manager, who then has to keep the cost down on the project. The project manager agrees to try his best to keep cost down and to finish the project under budget. What should the project manager do next?   

The project manager has reviewed all the work performance information that has been created so far on the project. He has started to create the overall project status report to present to the project stakeholders. What process is the project manager conducting?