26 Jun Project Management Ch 7
An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objectives is termed.
A) Random chance
B) A disaster
C) Risk
D) Hazard
E) Bad luck
2
The cost impact of a risk event occurring as a project proceeds through its life cycle tends to
A) Slowly rise
B) Drop sharply and then level out
C) Rise sharply and then level out
D) Remain about the same
E) Slowly drop
3
Which of the following is not one of the steps in the risk management process?
A) Risk response development
B) Risk assessment
C) Risk identification
D) Risk tracking
E) Risk response control
4
One common mistake made early in the risk identification process is
A) Not all possibilities are considered
B) Participants are over-optimistic
C) Participants are over-pessimistic
D) Focus on objectives and not on the events that could produce consequences.
E) Too much attention is given to past events
5
The 1999 NASA Mars Climate Orbiter is an example of
A) Disaster avoidance through proactive risk management
B) Murphy’s Law
C) Proper use of critical thinking
D) Mismanaged risk control
E) Using historical records to assess risk
6
A list of questions that address traditional areas of uncertainty on a project is termed a risk
A) Profile
B) Questionnaire
C) Research
D) Query
E) Checklist
7
All of the following are included in the risk identification process except
A) Customers
B) Subcontractors
C) Competitors
D) Vendors
E) None of these are included
8
The easiest and most commonly used technique for analyzing risks is _____ analysis.
A) Probability
B) Scenario
C) Payback
D) Risk/reward
E) Impact
9
A risk profile is a list of questions that address traditional areas of uncertainty on a project that answers developed from:
A) When the event might occur in the project
B) Chances of the event occurring
C) Interaction with other parts of the project or with other projects
D) From previous, similar projects
E) Magnitude or severity of the event’s impact
10
The risk assessment form contains all of the following except
A) Likelihood of the risk event occurring
B) Potential impact of the risk event
C) Who will detect the occurrence of the risk event.
D) Difficulty of detecting the occurrence of the risk event
E) When the risk event may occur
11
Which of the following is not one of the probability analysis tools?
A) Ratio/range analysis
B) Decision tree
C) PERT simulation
D) PERT
E) All of these are probability analysis tools
12
The demolition of the Seattle Kingdome (Snapshot from Practice) is an example of which of the following?
A) Mitigating
B) Retaining
C) Ignoring
D) Transferring
E) Sharing
13
Technical risks are:
A) Often the kind that can cause the project to be shut down.
B) Problematic
C) Imposed duration dates
D) Both A and B are correct
E) A, B, and C are all correct
14
Detailing all identified risks, including descriptions, category, and probability of occurring, impact, responses, contingency plans, owners and current status is called:
A) Management reserves
B) Change control
C) Contingency reserves
D) Risk register
E) Risk profiles
15
Change management systems are designed to accomplish all of the following except:
A) Track all changes that are to be implemented
B) Review, evaluates, and approve/disapprove proposed changes formally
C) Identify expected effects of proposed changes on schedule and budget
D) Reflect scope changes in baseline and performance measures
E) All of the above are correct
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.