Question 1

All of the following activities illustrate a risk response strategy designed to exploit an opportunity EXCEPT:

Accepted Answer

A)  increase the probability of the opportunity occurring 
B)  increase the impact of the opportunity 
C)  purchase insurance 
D)  set up an organization to pursue the opportunity 
A)  increase the probability of the opportunity occurring 
B)  increase the impact of the opportunity 
C)  purchase insurance 
D)  set up an organization to pursue the opportunity

Question 2

Plan Risk Responses focuses on developing options and actions for every identified risk.

Accepted Answer

A) True 
 B)False

Question 3

All of the following are benefits that can be attributed to the effective use of a risk management plan EXCEPT:

Accepted Answer

A)  It enables project managers to eliminate, or reduce, the impact of some threats. 
B)  It enables the project manager to identify and eliminate all risks 
C)  It facilitates communication with project stakeholders. 
D)  It enables project managers to capitalize on some opportunities. 
A)  It enables project managers to eliminate, or reduce, the impact of some threats. 
B)  It enables the project manager to identify and eliminate all risks 
C)  It facilitates communication with project stakeholders. 
D)  It enables project managers to capitalize on some opportunities.

Question 4

Figure 10-1 Excerpt from Internet Project Risk Register
-Consider the excerpt of the Internet Project risk register presented in Figure 10-1. Which of the following risk events should receive the highest priority for the development of risk responses?

Accepted Answer

A)  A - project requires new technology and support structure 
B)  B - web infrastructure lacks sufficient transaction capacity 
C)  C - IS resources are spread too thin 
D)  D - The intranet site suffers a security breach 
A)  A - project requires new technology and support structure 
B)  B - web infrastructure lacks sufficient transaction capacity 
C)  C - IS resources are spread too thin 
D)  D - The intranet site suffers a security breach

Question 5

All of the following criteria can be used to categorize project risks EXCEPT:

Accepted Answer

A)  whether the risk is a known known 
B)  the project objective that may be impacted by the risk 
C)  whether the risk is internal or external to the performing organization 
D)  the phase of the project in which the risk may occur 
A)  whether the risk is a known known 
B)  the project objective that may be impacted by the risk 
C)  whether the risk is internal or external to the performing organization 
D)  the phase of the project in which the risk may occur

Question 6

The process of determining which risks might affect the project and documenting their characteristics is known as risk charting.

Accepted Answer

A) True 
 B)False

Question 7

When complete,the risk register presents the results of both qualitative and quantitative risk analysis as well as risk response planning.

Accepted Answer

A) True 
 B)False

Question 8

Perform Quantitative Risk Analysis is the process of prioritizing risks for subsequent further analysis or action by assessing and combining their probability and impact.

Accepted Answer

A) True 
 B)False

Question 9

Identify five common project risk strategies employed to address threats that your project may face. Give an example of each.

Accepted Answer

The answer of Identify five common project risk strategies employed...

Question 10

Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity?

Accepted Answer

A)  establish triggers and update them frequently 
B)  establish time or cost contingencies 
C)  adopt a prototype to learn more about a candidate solution 
D)  identify a risk owner to each high priority risk 
A)  establish triggers and update them frequently 
B)  establish time or cost contingencies 
C)  adopt a prototype to learn more about a candidate solution 
D)  identify a risk owner to each high priority risk

Question 11

Which of the following accurately describes risk in project management?

Accepted Answer

A)  The impact of risk may be positive or negative. 
B)  Some projects are void of risk. 
C)  Risk assessment should remain objective and uninfluenced by stakeholder priorities. 
D)  Project managers should always be risk averse 
A)  The impact of risk may be positive or negative. 
B)  Some projects are void of risk. 
C)  Risk assessment should remain objective and uninfluenced by stakeholder priorities. 
D)  Project managers should always be risk averse

Question 12

Perform Quantitative Risk Analysis is the process of numerically analyzing the effect on overall project objectives of identified risks.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following quantitative risk analysis techniques relies upon the calculation of net present value to determine if a project should be pursued or abandoned?

Accepted Answer

A)  Failure Mode and Effects Analysis (FME
A)  
B)  Fault Tree Analysis 
C)  Financial Engineering 
D)  Sunk Cost Analysis 
A)  Failure Mode and Effects Analysis (FME
A)  
B)  Fault Tree Analysis 
C)  Financial Engineering 
D)  Sunk Cost Analysis

Question 14

The primary output of risk identification is the Risk Identification Matrix (RIM).

Accepted Answer

A) True 
 B)False

Question 15

Which of the following accurately describes contemporary methods of risk prioritization in project management?

Accepted Answer

A)  Risk prioritization is generally based on the probability of occurrence and severity of impact of each identified risk. 
B)  Some organizations place a higher priority on risks that are likely to happen soon. 
C)  Some organizations call attention to the risks that are difficult to detect. 
D)  All of these 
A)  Risk prioritization is generally based on the probability of occurrence and severity of impact of each identified risk. 
B)  Some organizations place a higher priority on risks that are likely to happen soon. 
C)  Some organizations call attention to the risks that are difficult to detect. 
D)  All of these

Question 16

When a project team elects to purchase insurance,or adopts a fixed price contract with a vendor,or hires external experts - it is demonstrating which of the following risk response strategies?

Accepted Answer

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

Question 17

In some cases,project teams will elect to reduce a threat rather than eliminate it because the effort to completely eliminate a threat is unjustified.

Accepted Answer

A) True 
 B)False

Question 18

The risk management plan is the document that describes how project risk management will be structured and performed on a project.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following describes the activities appropriately performed by the project team during Perform Qualitative Risk Analysis?

Accepted Answer

A)  Team members assess the probability of occurrence and severity of impact for identified risks. 
B)  Team members develop contingency plans for even minor risks to avoid adverse impacts to project objectives. 
C)  Team members identify potential risk events. 
D)  Team members define how to conduct risk management activities for the project. 
A)  Team members assess the probability of occurrence and severity of impact for identified risks. 
B)  Team members develop contingency plans for even minor risks to avoid adverse impacts to project objectives. 
C)  Team members identify potential risk events. 
D)  Team members define how to conduct risk management activities for the project.

Question 20

Risk response strategy decisions should reflect a thorough understanding of the priorities that key stakeholders have relative to project objectives.

Accepted Answer

A) True 
 B)False

All of the following activities illustrate a risk response strategy designed to exploit an opportunity EXCEPT:

Plan Risk Responses focuses on developing options and actions for every identified risk.

All of the following are benefits that can be attributed to the effective use of a risk management plan EXCEPT:

Figure 10-1 Excerpt from Internet Project Risk Register -Consider the excerpt of the Internet Project risk register presented in Figure 10-1. Which of the following risk events should receive the highest priority for the development of risk responses?

All of the following criteria can be used to categorize project risks EXCEPT:

The process of determining which risks might affect the project and documenting their characteristics is known as risk charting.

When complete,the risk register presents the results of both qualitative and quantitative risk analysis as well as risk response planning.

Perform Quantitative Risk Analysis is the process of prioritizing risks for subsequent further analysis or action by assessing and combining their probability and impact.

Identify five common project risk strategies employed to address threats that your project may face. Give an example of each.

Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity?

Which of the following accurately describes risk in project management?

Perform Quantitative Risk Analysis is the process of numerically analyzing the effect on overall project objectives of identified risks.

Which of the following quantitative risk analysis techniques relies upon the calculation of net present value to determine if a project should be pursued or abandoned?

The primary output of risk identification is the Risk Identification Matrix (RIM).

Which of the following accurately describes contemporary methods of risk prioritization in project management?

When a project team elects to purchase insurance,or adopts a fixed price contract with a vendor,or hires external experts - it is demonstrating which of the following risk response strategies?

In some cases,project teams will elect to reduce a threat rather than eliminate it because the effort to completely eliminate a threat is unjustified.

The risk management plan is the document that describes how project risk management will be structured and performed on a project.

Which of the following describes the activities appropriately performed by the project team during Perform Qualitative Risk Analysis?

Risk response strategy decisions should reflect a thorough understanding of the priorities that key stakeholders have relative to project objectives.

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 activities illustrate a risk response strategy designed to exploit an opportunity EXCEPT:

Plan Risk Responses focuses on developing options and actions for every identified risk.

All of the following are benefits that can be attributed to the effective use of a risk management plan EXCEPT:

Figure 10-1 Excerpt from Internet Project Risk Register -Consider the excerpt of the Internet Project risk register presented in Figure 10-1. Which of the following risk events should receive the highest priority for the development of risk responses?

All of the following criteria can be used to categorize project risks EXCEPT:

The process of determining which risks might affect the project and documenting their characteristics is known as risk charting.

When complete,the risk register presents the results of both qualitative and quantitative risk analysis as well as risk response planning.

Perform Quantitative Risk Analysis is the process of prioritizing risks for subsequent further analysis or action by assessing and combining their probability and impact.

Identify five common project risk strategies employed to address threats that your project may face. Give an example of each.

Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity?

Which of the following accurately describes risk in project management?

Perform Quantitative Risk Analysis is the process of numerically analyzing the effect on overall project objectives of identified risks.

Which of the following quantitative risk analysis techniques relies upon the calculation of net present value to determine if a project should be pursued or abandoned?

The primary output of risk identification is the Risk Identification Matrix (RIM).

Which of the following accurately describes contemporary methods of risk prioritization in project management?

When a project team elects to purchase insurance,or adopts a fixed price contract with a vendor,or hires external experts - it is demonstrating which of the following risk response strategies?

In some cases,project teams will elect to reduce a threat rather than eliminate it because the effort to completely eliminate a threat is unjustified.

The risk management plan is the document that describes how project risk management will be structured and performed on a project.

Which of the following describes the activities appropriately performed by the project team during Perform Qualitative Risk Analysis?

Risk response strategy decisions should reflect a thorough understanding of the priorities that key stakeholders have relative to project objectives.

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