Question 1

Risk management can have a(n)____________________ impact on selecting projects,determining the scope of projects,and developing realistic schedules and cost estimates.

Accepted Answer

The answer of Risk management can have a(n)____________________ impact on...

Question 2

A(n)____________________ is a list of risks that are low priority,but are still identified as potential risks.

Accepted Answer

The answer of A(n)____________________ is a list of risks that...

Question 3

What is the first step in a Monte Carlo analysis?

Accepted Answer

A) Determine the probability distribution of each variable. 
B) For each variable,such as the time estimate for a task,select a random value based on the probability distribution for the occurrence of the variable. 
C) Assess the range for the variables being considered. 
D) Run a deterministic analysis or one pass through the model using the combination of values selected for each one of the variables. 
A) Determine the probability distribution of each variable. 
B) For each variable,such as the time estimate for a task,select a random value based on the probability distribution for the occurrence of the variable. 
C) Assess the range for the variables being considered. 
D) Run a deterministic analysis or one pass through the model using the combination of values selected for each one of the variables.

Question 4

____________________ based on risks that have been encountered in previous projects provide a meaningful template for understanding risks in a current project.

Accepted Answer

The answer of ____________________ based on risks that have been...

Question 5

Given that all projects involve ____________________ that can have negative or positive outcomes,the question is how to decide which projects to pursue and how to identify and manage project risk throughout a project's life cycle.

Accepted Answer

uncertaint

Question 6

A(n)____________________ is a document that contains results of various risk management processes.

Accepted Answer

The answer of A(n)____________________ is a document that contains results...

Question 7

KLCI Research Group's 2001 survey revealed that the most frequently cited benefit from software risk management practices is to ____.

Accepted Answer

A) prevent surprises 
B) improve ability to negotiate 
C) meet customer commitments 
D) anticipate/avoid problems 
A) prevent surprises 
B) improve ability to negotiate 
C) meet customer commitments 
D) anticipate/avoid problems

Question 8

____ involves prioritizing risks based on their probability and impact of occurrence.

Accepted Answer

A) Performing qualitative risk analysis 
B) Planning risk management 
C) Planning risk responses 
D) Performing quantitative risk analysis 
A) Performing qualitative risk analysis 
B) Planning risk management 
C) Planning risk responses 
D) Performing quantitative risk analysis

Question 9

William Ibbs and Young H.Kwak's study revealed that the ____ industry had the lowest level of project management maturity in the area of quality management.

Accepted Answer

A) engineering/construction 
B) telecommunications 
C) information systems 
D) high-tech manufacturing 
A) engineering/construction 
B) telecommunications 
C) information systems 
D) high-tech manufacturing

Question 10

____________________ is the amount of satisfaction or pleasure received from a potential payoff.

Accepted Answer

Risk utili

Question 11

Quantitative risk analysis and qualitative risk analysis must be done together.

Accepted Answer

A) True 
 B)False

Question 12

Project risk management does not stop with the initial risk analysis.

Accepted Answer

A) True 
 B)False

Question 13

Before you can improve project risk management,you must understand what risk is.

Accepted Answer

A) True 
 B)False

Question 14

____ involves allocating ownership of the risk to another party.

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 15

KLCI Research Group's 2001 survey revealed that ____ percent identified anticipating and avoiding problems as the primary benefit of risk management.

Accepted Answer

A) 60 
B) 80 
C) 89 
D) 99 
A) 60 
B) 80 
C) 89 
D) 99

Question 16

Examples of risk ____________________ include using proven technology,having competent project personnel,using various analysis and validation techniques,and buying maintenance or service agreements from subcontractors.

Accepted Answer

The answer of Examples of risk ____________________ include using proven...

Question 17

The psychology literature shows that individuals,working alone,produce fewer ideas than the same individuals produce through brainstorming in small,face-to-face groups.

Accepted Answer

A) True 
 B)False

Question 18

Several PC-based software packages are available that perform Monte Carlo simulations.

Accepted Answer

A) True 
 B)False

Question 19

____ involves eliminating a specific threat,usually by eliminating its causes.

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 20

The basic concept of the ____________________ is to derive a consensus among a panel of experts who make predictions about future developments.

Accepted Answer

The answer of The basic concept of the ____________________ is...

Risk management can have a(n)____________________ impact on selecting projects,determining the scope of projects,and developing realistic schedules and cost estimates.

A(n)____________________ is a list of risks that are low priority,but are still identified as potential risks.

What is the first step in a Monte Carlo analysis?

____________________ based on risks that have been encountered in previous projects provide a meaningful template for understanding risks in a current project.

Given that all projects involve ____________________ that can have negative or positive outcomes,the question is how to decide which projects to pursue and how to identify and manage project risk throughout a project's life cycle.

A(n)____________________ is a document that contains results of various risk management processes.

KLCI Research Group's 2001 survey revealed that the most frequently cited benefit from software risk management practices is to ____.

____ involves prioritizing risks based on their probability and impact of occurrence.

William Ibbs and Young H.Kwak's study revealed that the ____ industry had the lowest level of project management maturity in the area of quality management.

____________________ is the amount of satisfaction or pleasure received from a potential payoff.

Quantitative risk analysis and qualitative risk analysis must be done together.

Project risk management does not stop with the initial risk analysis.

Before you can improve project risk management,you must understand what risk is.

____ involves allocating ownership of the risk to another party.

KLCI Research Group's 2001 survey revealed that ____ percent identified anticipating and avoiding problems as the primary benefit of risk management.

Examples of risk ____________________ include using proven technology,having competent project personnel,using various analysis and validation techniques,and buying maintenance or service agreements from subcontractors.

The psychology literature shows that individuals,working alone,produce fewer ideas than the same individuals produce through brainstorming in small,face-to-face groups.

Several PC-based software packages are available that perform Monte Carlo simulations.

____ involves eliminating a specific threat,usually by eliminating its causes.

The basic concept of the ____________________ is to derive a consensus among a panel of experts who make predictions about future developments.

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

Risk management can have a(n)____________________ impact on selecting projects,determining the scope of projects,and developing realistic schedules and cost estimates.

A(n)____________________ is a list of risks that are low priority,but are still identified as potential risks.

What is the first step in a Monte Carlo analysis?

____________________ based on risks that have been encountered in previous projects provide a meaningful template for understanding risks in a current project.

Given that all projects involve ____________________ that can have negative or positive outcomes,the question is how to decide which projects to pursue and how to identify and manage project risk throughout a project's life cycle.

A(n)____________________ is a document that contains results of various risk management processes.

KLCI Research Group's 2001 survey revealed that the most frequently cited benefit from software risk management practices is to ____.

____ involves prioritizing risks based on their probability and impact of occurrence.

William Ibbs and Young H.Kwak's study revealed that the ____ industry had the lowest level of project management maturity in the area of quality management.

____________________ is the amount of satisfaction or pleasure received from a potential payoff.

Quantitative risk analysis and qualitative risk analysis must be done together.

Project risk management does not stop with the initial risk analysis.

Before you can improve project risk management,you must understand what risk is.

____ involves allocating ownership of the risk to another party.

KLCI Research Group's 2001 survey revealed that ____ percent identified anticipating and avoiding problems as the primary benefit of risk management.

Examples of risk ____________________ include using proven technology,having competent project personnel,using various analysis and validation techniques,and buying maintenance or service agreements from subcontractors.

The psychology literature shows that individuals,working alone,produce fewer ideas than the same individuals produce through brainstorming in small,face-to-face groups.

Several PC-based software packages are available that perform Monte Carlo simulations.

____ involves eliminating a specific threat,usually by eliminating its causes.

The basic concept of the ____________________ is to derive a consensus among a panel of experts who make predictions about future developments.

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