Question 1

Negative risk management is like investing in opportunities.

Accepted Answer

A) True 
 B)False

Question 2

Risk events refer to specific,certain events that may occur to the detriment or enhancement of the project.

Accepted Answer

A) True 
 B)False

Question 3

____ risks are a direct result of implementing a risk response.

Accepted Answer

A) Tertiary 
B) Primary 
C) Residual 
D) Secondary 
A) Tertiary 
B) Primary 
C) Residual 
D) Secondary

Question 4

____ are predefined actions that the project team will take if an identified risk event occurs.

Accepted Answer

A) Fallback plans 
B) Contingency reserves 
C) Contingency plans 
D) Contingency allowances 
A) Fallback plans 
B) Contingency reserves 
C) Contingency plans 
D) Contingency allowances

Question 5

KLCI Research Group's 2001 survey revealed that ____ percent of the organizations surveyed had a Project Management Office.

Accepted Answer

A) 64 
B) 75 
C) 85 
D) 94 
A) 64 
B) 75 
C) 85 
D) 94

Question 6

The level of detail included in the risk management plan rarely varies across projects.

Accepted Answer

A) True 
 B)False

Question 7

____ involves reducing the impact of a risk event by reducing the probability of its occurrence.

Accepted Answer

A) Risk avoidance 
B) Risk acceptance 
C) Risk transference 
D) Risk mitigation 
A) Risk avoidance 
B) Risk acceptance 
C) Risk transference 
D) Risk mitigation

Question 8

Selecting the most experienced project manager is recommended for reducing schedule risks.

Accepted Answer

A) True 
 B)False

Question 9

A(n)_________________________ is a hierarchy of potential risk categories for a project.

Accepted Answer

risk break

Question 10

Few organizations develop their own risk questionnaires.

Accepted Answer

A) True 
 B)False

Question 11

____________________ risks are risks that remain after all of the response strategies have been implemented.

Accepted Answer

The answer of ____________________ risks are risks that remain after...

Question 12

A project manager can chart the probability and impact of risks on a ____.

Accepted Answer

A) risk ranking chart 
B) risk probability table 
C) probability/impact matrix 
D) risk assessment matrix 
A) risk ranking chart 
B) risk probability table 
C) probability/impact matrix 
D) risk assessment matrix

Question 13

____________________ are indicators or symptoms of actual risk events.

Accepted Answer

The answer of ____________________ are indicators or symptoms of actual...

Question 14

A probability/impact matrix or chart lists the relative probability of a risk occurring on one side of a matrix or axis on a chart and the relative impact of the risk occurring on the other.

Accepted Answer

A) True 
 B)False

Question 15

The cost for risk management should not exceed the potential benefits.

Accepted Answer

A) True 
 B)False

Question 16

____ involves monitoring identified and residual risks,identifying new risks,carrying out risk response plans,and evaluating the effectiveness of risk strategies throughout the life of the project.

Accepted Answer

A) Performing quantitative risk analysis 
B) Planning risk responses 
C) Monitoring and controlling risk 
D) Performing qualitative risk analysis 
A) Performing quantitative risk analysis 
B) Planning risk responses 
C) Monitoring and controlling risk 
D) Performing qualitative risk analysis

Question 17

____ involves doing whatever you can to make sure the positive risk happens.

Accepted Answer

A) Risk exploitation 
B) Risk sharing 
C) Risk enhancement 
D) Risk acceptance 
A) Risk exploitation 
B) Risk sharing 
C) Risk enhancement 
D) Risk acceptance

Question 18

____________________ is a technique by which a group attempts to generate ideas or find a solution for a specific problem by amassing ideas spontaneously and without judgment.

Accepted Answer

The answer of ____________________ is a technique by which a...

Question 19

____ analysis simulates a model's outcome many times to provide a statistical distribution of the calculated results.

Accepted Answer

A) Decision tree 
B) EMV 
C) Monte Carlo 
D) Watch list 
A) Decision tree 
B) EMV 
C) Monte Carlo 
D) Watch list

Question 20

System or process ____________________ are diagrams that show how different parts of a system interrelate.

Accepted Answer

The answer of System or process ____________________ are diagrams that...

Negative risk management is like investing in opportunities.

Risk events refer to specific,certain events that may occur to the detriment or enhancement of the project.

____ risks are a direct result of implementing a risk response.

____ are predefined actions that the project team will take if an identified risk event occurs.

KLCI Research Group's 2001 survey revealed that ____ percent of the organizations surveyed had a Project Management Office.

The level of detail included in the risk management plan rarely varies across projects.

____ involves reducing the impact of a risk event by reducing the probability of its occurrence.

Selecting the most experienced project manager is recommended for reducing schedule risks.

A(n)_________________________ is a hierarchy of potential risk categories for a project.

Few organizations develop their own risk questionnaires.

____________________ risks are risks that remain after all of the response strategies have been implemented.

A project manager can chart the probability and impact of risks on a ____.

____________________ are indicators or symptoms of actual risk events.

A probability/impact matrix or chart lists the relative probability of a risk occurring on one side of a matrix or axis on a chart and the relative impact of the risk occurring on the other.

The cost for risk management should not exceed the potential benefits.

____ involves monitoring identified and residual risks,identifying new risks,carrying out risk response plans,and evaluating the effectiveness of risk strategies throughout the life of the project.

____ involves doing whatever you can to make sure the positive risk happens.

____________________ is a technique by which a group attempts to generate ideas or find a solution for a specific problem by amassing ideas spontaneously and without judgment.

____ analysis simulates a model's outcome many times to provide a statistical distribution of the calculated results.

System or process ____________________ are diagrams that show how different parts of a system interrelate.

Introduction to Project Management

The Project Management and Information Technology Context

The Project Management Process Groups: A Case Study

Project Integration Management

Project Scope Management

Project Time Management

Project Cost Management

Project Quality Management

Project Human Resource Management

Project Communications Management

Project Procurement Management

Filters

Exam 11: Project Risk Management

Negative risk management is like investing in opportunities.

Risk events refer to specific,certain events that may occur to the detriment or enhancement of the project.

____ risks are a direct result of implementing a risk response.

____ are predefined actions that the project team will take if an identified risk event occurs.

KLCI Research Group's 2001 survey revealed that ____ percent of the organizations surveyed had a Project Management Office.

The level of detail included in the risk management plan rarely varies across projects.

____ involves reducing the impact of a risk event by reducing the probability of its occurrence.

Selecting the most experienced project manager is recommended for reducing schedule risks.

A(n)_________________________ is a hierarchy of potential risk categories for a project.

Few organizations develop their own risk questionnaires.

____________________ risks are risks that remain after all of the response strategies have been implemented.

A project manager can chart the probability and impact of risks on a ____.

____________________ are indicators or symptoms of actual risk events.

A probability/impact matrix or chart lists the relative probability of a risk occurring on one side of a matrix or axis on a chart and the relative impact of the risk occurring on the other.

The cost for risk management should not exceed the potential benefits.

____ involves monitoring identified and residual risks,identifying new risks,carrying out risk response plans,and evaluating the effectiveness of risk strategies throughout the life of the project.

____ involves doing whatever you can to make sure the positive risk happens.

____________________ is a technique by which a group attempts to generate ideas or find a solution for a specific problem by amassing ideas spontaneously and without judgment.

____ analysis simulates a model's outcome many times to provide a statistical distribution of the calculated results.

System or process ____________________ are diagrams that show how different parts of a system interrelate.

Introduction to Project Management

The Project Management and Information Technology Context

The Project Management Process Groups: A Case Study

Project Integration Management

Project Scope Management

Project Time Management

Project Cost Management

Project Quality Management

Project Human Resource Management

Project Communications Management

Project Procurement Management

Filters