Question 1

All of the following describe the appropriate application of Perform Quantitative Risk Analysis in project management EXCEPT:

Accepted Answer

A)  Large, complex and risky projects stand to benefit from the additional rigor of quantitative risk analysis techniques. 
B)  Quantitative techniques are used when it is critical to predict the probability of completing a project on time or within budget with confidence. 
C)  Brainstorming techniques are used by the team and other stakeholders to identify as many project risks as possible. 
D)  Monte Carlo Simulation and Fault Tree Analysis are examples of useful quantitative risk analysis techniques. 
A)  Large, complex and risky projects stand to benefit from the additional rigor of quantitative risk analysis techniques. 
B)  Quantitative techniques are used when it is critical to predict the probability of completing a project on time or within budget with confidence. 
C)  Brainstorming techniques are used by the team and other stakeholders to identify as many project risks as possible. 
D)  Monte Carlo Simulation and Fault Tree Analysis are examples of useful quantitative risk analysis techniques. C

Question 2

All of the following methods have proven to be useful techniques to help project teams identify the risks that might impact the project EXCEPT:

Accepted Answer

A)  reviewing risk checklists 
B)  deriving lessons learned 
C)  interviewing stakeholders 
D)  brainstorming among team members and subject matter experts 
A)  reviewing risk checklists 
B)  deriving lessons learned 
C)  interviewing stakeholders 
D)  brainstorming among team members and subject matter experts B

Question 3

Which of the following describes the appropriate use of a cause and effect diagram to support project risk analysis?

Accepted Answer

A)  The project team begins by identifying the risk as the primary cause to be examined. 
B)  Once the effects are understood, the team can use them to serve as triggers. 
C)  It is often easier to alter the effect by changing the underlying cause. 
D)  Team members are encouraged to keep asking "When?" 
A)  The project team begins by identifying the risk as the primary cause to be examined. 
B)  Once the effects are understood, the team can use them to serve as triggers. 
C)  It is often easier to alter the effect by changing the underlying cause. 
D)  Team members are encouraged to keep asking "When?" C

Question 4

When the impact of an event is negative,it is considered a risk;when the impact is positive,the event is considered an opportunity.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following activities illustrates a risk response strategy designed to mitigate a threat?

Accepted Answer

A)  adopt a fixed price type contract 
B)  train a team member to cover for a potentially unavailable key resource 
C)  change the project plan or scope 
D)  develop change control procedures 
A)  adopt a fixed price type contract 
B)  train a team member to cover for a potentially unavailable key resource 
C)  change the project plan or scope 
D)  develop change control procedures

Question 6

Identify and describe 3 risk identification techniques. Which of these techniques do you believe to be the most effective and why?

Accepted Answer

1. Brainstorming: This technique involve

Question 7

Sometimes the risks posed by a project are so great that an appropriate risk response is to not perform the project at all.

Accepted Answer

A) True 
 B)False

Question 8

Risk response strategies such as acceptance and conducting further research apply to both threats and opportunities.

Accepted Answer

A) True 
 B)False

Question 9

All of the following describe an appropriate application of Plan Risk Responses in project management EXCEPT:

Accepted Answer

A)  Risk response planning should address both opportunities and threats. 
B)  Often multiple strategies are identified for a single risk. 
C)  The expectations of the sponsor and key stakeholders should influence the risk responses that are developed. 
D)  Responses should be created for every identified project risk 
A)  Risk response planning should address both opportunities and threats. 
B)  Often multiple strategies are identified for a single risk. 
C)  The expectations of the sponsor and key stakeholders should influence the risk responses that are developed. 
D)  Responses should be created for every identified project risk

Question 10

The risk register is a living document and new risks can be added as they are identified.

Accepted Answer

A) True 
 B)False

Question 11

All of the following activities are appropriate upon completion of risk response planning EXCEPT:

Accepted Answer

A)  The risk register should be updated to reflect the risk response strategies. 
B)  The risk register should be baselined after planning is completed, and should not be updated once the project is in flight. 
C)  The risk register should be updated to reflect any changes to the project schedule, budget or resource assignments. 
D)  A single person should be assigned as the owner of each risk response strategy. 
A)  The risk register should be updated to reflect the risk response strategies. 
B)  The risk register should be baselined after planning is completed, and should not be updated once the project is in flight. 
C)  The risk register should be updated to reflect any changes to the project schedule, budget or resource assignments. 
D)  A single person should be assigned as the owner of each risk response strategy.

Question 12

Which of the following describes the effective use of a risk register?

Accepted Answer

A)  The final risk register is typically completed during risk identification. 
B)  Items such as the probability of occurrence and impact are typically added to the risk register subsequent to risk identification. 
C)  The risk register includes only the risk, a description and the appropriate category. 
D)  The project manager is the owner of all risk events and triggers 
A)  The final risk register is typically completed during risk identification. 
B)  Items such as the probability of occurrence and impact are typically added to the risk register subsequent to risk identification. 
C)  The risk register includes only the risk, a description and the appropriate category. 
D)  The project manager is the owner of all risk events and triggers

Question 13

A risk management plan should define who has responsibility for causing each risk and hold the responsible party directly accountable for developing an appropriate solution.

Accepted Answer

A) True 
 B)False

Question 14

The primary questions project teams use in qualitative risk analysis are "What is the nature of this risk?" and "Who will be responsible for addressing it?".

Accepted Answer

A) True 
 B)False

Question 15

Project managers can identify risks by learning and understanding the cause and effect relationships that bear on risk events. All of the following approaches rely upon an understanding of cause and effect relationships to identify risks EXCEPT:

Accepted Answer

A)  develop a flow chart that shows how data flows from one person to another 
B)  conduct a root cause analysis 
C)  examine triggers that a risk is about to occur 
D)  list all risks in a risk register 
A)  develop a flow chart that shows how data flows from one person to another 
B)  conduct a root cause analysis 
C)  examine triggers that a risk is about to occur 
D)  list all risks in a risk register

Question 16

All of the following are among the classic risk response strategies EXCEPT:

Accepted Answer

A)  share a threat 
B)  transfer a threat 
C)  mitigate a threat 
D)  avoid a threat 
A)  share a threat 
B)  transfer a threat 
C)  mitigate a threat 
D)  avoid a threat

Question 17

Risk response strategies such as mitigation and exploitation apply to both threats and opportunities.

Accepted Answer

A) True 
 B)False

Question 18

The process of deciding how to approach,plan and execute risk management activities for a project is known as Project Risk Absorption Methodology (PRAM).

Accepted Answer

A) True 
 B)False

Question 19

It is impossible to remove all sources of risk on a project.

Accepted Answer

A) True 
 B)False

Question 20

A risk is anything that may impact the project team's ability to achieve the general project success measures and the specific project stakeholder priorities.

Accepted Answer

A) True 
 B)False

All of the following describe the appropriate application of Perform Quantitative Risk Analysis in project management EXCEPT:

All of the following methods have proven to be useful techniques to help project teams identify the risks that might impact the project EXCEPT:

Which of the following describes the appropriate use of a cause and effect diagram to support project risk analysis?

When the impact of an event is negative,it is considered a risk;when the impact is positive,the event is considered an opportunity.

Which of the following activities illustrates a risk response strategy designed to mitigate a threat?

Identify and describe 3 risk identification techniques. Which of these techniques do you believe to be the most effective and why?

Sometimes the risks posed by a project are so great that an appropriate risk response is to not perform the project at all.

Risk response strategies such as acceptance and conducting further research apply to both threats and opportunities.

All of the following describe an appropriate application of Plan Risk Responses in project management EXCEPT:

The risk register is a living document and new risks can be added as they are identified.

All of the following activities are appropriate upon completion of risk response planning EXCEPT:

Which of the following describes the effective use of a risk register?

A risk management plan should define who has responsibility for causing each risk and hold the responsible party directly accountable for developing an appropriate solution.

The primary questions project teams use in qualitative risk analysis are "What is the nature of this risk?" and "Who will be responsible for addressing it?".

Project managers can identify risks by learning and understanding the cause and effect relationships that bear on risk events. All of the following approaches rely upon an understanding of cause and effect relationships to identify risks EXCEPT:

All of the following are among the classic risk response strategies EXCEPT:

Risk response strategies such as mitigation and exploitation apply to both threats and opportunities.

The process of deciding how to approach,plan and execute risk management activities for a project is known as Project Risk Absorption Methodology (PRAM).

It is impossible to remove all sources of risk on a project.

A risk is anything that may impact the project team's ability to achieve the general project success measures and the specific project stakeholder priorities.

Introduction to Project Management

Project Selection and Prioritization

Organizational Capability: Structure,Culture and Roles

Chartering Projects

Stakeholder Analysis and Communication Planning

Defining Scope and Constructing Work Breakdown Structures (WBS)

Scheduling Activities

Resourcing Projects

Budgeting Projects

Project Quality Planning and Project Kick: off

Project Supply Chain Management

Leading and Managing Project Teams

Determining Project Progress and Results

Finishing the Project

Filters

Exam 10: Project Risk Planning

All of the following describe the appropriate application of Perform Quantitative Risk Analysis in project management EXCEPT:

All of the following methods have proven to be useful techniques to help project teams identify the risks that might impact the project EXCEPT:

Which of the following describes the appropriate use of a cause and effect diagram to support project risk analysis?

When the impact of an event is negative,it is considered a risk;when the impact is positive,the event is considered an opportunity.

Which of the following activities illustrates a risk response strategy designed to mitigate a threat?

Identify and describe 3 risk identification techniques. Which of these techniques do you believe to be the most effective and why?

Sometimes the risks posed by a project are so great that an appropriate risk response is to not perform the project at all.

Risk response strategies such as acceptance and conducting further research apply to both threats and opportunities.

All of the following describe an appropriate application of Plan Risk Responses in project management EXCEPT:

The risk register is a living document and new risks can be added as they are identified.

All of the following activities are appropriate upon completion of risk response planning EXCEPT:

Which of the following describes the effective use of a risk register?

A risk management plan should define who has responsibility for causing each risk and hold the responsible party directly accountable for developing an appropriate solution.

The primary questions project teams use in qualitative risk analysis are "What is the nature of this risk?" and "Who will be responsible for addressing it?".

Project managers can identify risks by learning and understanding the cause and effect relationships that bear on risk events. All of the following approaches rely upon an understanding of cause and effect relationships to identify risks EXCEPT:

All of the following are among the classic risk response strategies EXCEPT:

Risk response strategies such as mitigation and exploitation apply to both threats and opportunities.

The process of deciding how to approach,plan and execute risk management activities for a project is known as Project Risk Absorption Methodology (PRAM).

It is impossible to remove all sources of risk on a project.

A risk is anything that may impact the project team's ability to achieve the general project success measures and the specific project stakeholder priorities.

Introduction to Project Management

Project Selection and Prioritization

Organizational Capability: Structure,Culture and Roles

Chartering Projects

Stakeholder Analysis and Communication Planning

Defining Scope and Constructing Work Breakdown Structures (WBS)

Scheduling Activities

Resourcing Projects

Budgeting Projects

Project Quality Planning and Project Kick: off

Project Supply Chain Management

Leading and Managing Project Teams

Determining Project Progress and Results

Finishing the Project

Filters