Question 1

A measure of the likelihood that an event described in the risk consequence portion of the risk statement will actually occur best defines

Accepted Answer

A) risk assessment. 
B) risk probability. 
C) risk actuality. 
D) risk urgency. 
A) risk assessment. 
B) risk probability. 
C) risk actuality. 
D) risk urgency.

Question 2

When using PFMEA,the suggested value for an occurrence of risk without warning is

Accepted Answer

A) 10. 
B) 9) 
C) 6) 
D) 5) 
A) 10. 
B) 9) 
C) 6) 
D) 5)

Question 3

Quantitative risk assessment methods include simulation and modeling techniques.

Accepted Answer

A) True 
 B)False

Question 4

Common tools and techniques used for developing a list of project risks include

Accepted Answer

A) cause-and-effect diagrams. 
B) checklists. 
C) mind mapping. 
D) all of the above. 
A) cause-and-effect diagrams. 
B) checklists. 
C) mind mapping. 
D) all of the above.

Question 5

When preparing an RBS for a construction project,the environment may be attributed to

Accepted Answer

A) funding factors that may affect the project. 
B) budget factors that may affect the project. 
C) project team factors that may affect the project. 
D) legal factors that may affect the project. 
A) funding factors that may affect the project. 
B) budget factors that may affect the project. 
C) project team factors that may affect the project. 
D) legal factors that may affect the project.

Question 6

Project risk and professional risk are two risk categories pertaining to project managers.

Accepted Answer

A) True 
 B)False

Question 7

On an RBS for a software development project,development risks are related to

Accepted Answer

A) corporate and stakeholders. 
B) requirements and design. 
C) organization and work environment. 
D) project team and control. 
A) corporate and stakeholders. 
B) requirements and design. 
C) organization and work environment. 
D) project team and control.

Question 8

A function of the likelihood of a given threat and the resulting impact of that adverse event on the organization best defines

Accepted Answer

A) risk. 
B) problem. 
C) occurrence. 
D) threat. 
A) risk. 
B) problem. 
C) occurrence. 
D) threat.

Question 9

When using an RBS for a construction project,clients,project team,targets,budget,and strategy contribute to environmental risks.

Accepted Answer

A) True 
 B)False

Question 10

Types of Failure Mode and Effects Analysis include

Accepted Answer

A) Design FMEA. 
B) Risk FMEA. 
C) Agile FMEA. 
D) Object FMEA. 
A) Design FMEA. 
B) Risk FMEA. 
C) Agile FMEA. 
D) Object FMEA.

Question 11

Options and actions that mitigate risks and reduce project threats best defines

Accepted Answer

A) risk awareness. 
B) risk responses. 
C) risk triggers. 
D) risk activation. 
A) risk awareness. 
B) risk responses. 
C) risk triggers. 
D) risk activation.

Question 12

Labor strikes and walkouts are examples of external risks.

Accepted Answer

A) True 
 B)False

Question 13

An uncertain event that if it occurs will have a positive or negative effect on the objectives of the project best defines

Accepted Answer

A) project weakness. 
B) project risk. 
C) project threat. 
D) project opportunity. 
A) project weakness. 
B) project risk. 
C) project threat. 
D) project opportunity.

Question 14

Project risks can be classified as

Accepted Answer

A) qualitative risks. 
B) quantity risks. 
C) low-volume risks. 
D) internal risks. 
A) qualitative risks. 
B) quantity risks. 
C) low-volume risks. 
D) internal risks.

Question 15

A measure used when assessing risk in a project equal to the product of likelihood,impact and detection of risk events best defines

Accepted Answer

A) risk detection percentage. 
B) risk detection score. 
C) risk assessment score. 
D) risk priority number. 
A) risk detection percentage. 
B) risk detection score. 
C) risk assessment score. 
D) risk priority number.

Question 16

A process to manage risks in a project is

Accepted Answer

A) risk monitoring and control. 
B) SWOT analysis. 
C) configuration management plan. 
D) TMAP. 
A) risk monitoring and control. 
B) SWOT analysis. 
C) configuration management plan. 
D) TMAP.

Question 17

When using PFMEA,the suggested value for the temporary shutdown of the project due to scope change negotiations is

Accepted Answer

A) 2) 
B) 4) 
C) 6) 
D) 8) 
A) 2) 
B) 4) 
C) 6) 
D) 8)

Question 18

Risks can be positive.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is not an internal risk?

Accepted Answer

A) material shortage 
B) technology 
C) equipment 
D) time 
A) material shortage 
B) technology 
C) equipment 
D) time

Question 20

A work breakdown structure is a hierarchical structure of potential risk sources that can be used effectively to structure,identify,and understand risks.

Accepted Answer

A) True 
 B)False

A measure of the likelihood that an event described in the risk consequence portion of the risk statement will actually occur best defines

When using PFMEA,the suggested value for an occurrence of risk without warning is

Quantitative risk assessment methods include simulation and modeling techniques.

Common tools and techniques used for developing a list of project risks include

When preparing an RBS for a construction project,the environment may be attributed to

Project risk and professional risk are two risk categories pertaining to project managers.

On an RBS for a software development project,development risks are related to

A function of the likelihood of a given threat and the resulting impact of that adverse event on the organization best defines

When using an RBS for a construction project,clients,project team,targets,budget,and strategy contribute to environmental risks.

Types of Failure Mode and Effects Analysis include

Options and actions that mitigate risks and reduce project threats best defines

Labor strikes and walkouts are examples of external risks.

An uncertain event that if it occurs will have a positive or negative effect on the objectives of the project best defines

Project risks can be classified as

A measure used when assessing risk in a project equal to the product of likelihood,impact and detection of risk events best defines

A process to manage risks in a project is

When using PFMEA,the suggested value for the temporary shutdown of the project due to scope change negotiations is

Risks can be positive.

Which of the following is not an internal risk?

A work breakdown structure is a hierarchical structure of potential risk sources that can be used effectively to structure,identify,and understand risks.

Projects and Project Management

Process and Methods

Project Management Tools

Project Initiation

Project Planning

Quality, Performance and Value

Project Scheduling

Resources, Costing, and Control

Project Closure

Project Organizational Structures

Project Success

Filters

Exam 6: Risk Management

A measure of the likelihood that an event described in the risk consequence portion of the risk statement will actually occur best defines

When using PFMEA,the suggested value for an occurrence of risk without warning is

Quantitative risk assessment methods include simulation and modeling techniques.

Common tools and techniques used for developing a list of project risks include

When preparing an RBS for a construction project,the environment may be attributed to

Project risk and professional risk are two risk categories pertaining to project managers.

On an RBS for a software development project,development risks are related to

A function of the likelihood of a given threat and the resulting impact of that adverse event on the organization best defines

When using an RBS for a construction project,clients,project team,targets,budget,and strategy contribute to environmental risks.

Types of Failure Mode and Effects Analysis include

Options and actions that mitigate risks and reduce project threats best defines

Labor strikes and walkouts are examples of external risks.

An uncertain event that if it occurs will have a positive or negative effect on the objectives of the project best defines

Project risks can be classified as

A measure used when assessing risk in a project equal to the product of likelihood,impact and detection of risk events best defines

A process to manage risks in a project is

When using PFMEA,the suggested value for the temporary shutdown of the project due to scope change negotiations is

Risks can be positive.

Which of the following is not an internal risk?

A work breakdown structure is a hierarchical structure of potential risk sources that can be used effectively to structure,identify,and understand risks.

Projects and Project Management

Process and Methods

Project Management Tools

Project Initiation

Project Planning

Quality, Performance and Value

Project Scheduling

Resources, Costing, and Control

Project Closure

Project Organizational Structures

Project Success

Filters