Question 1

____ involves determining which risks are likely to affect a project and documenting the characteristics of each.

Accepted Answer

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

Question 2

Those who are ____ have a higher tolerance for risk,and their satisfaction increases when more payoff is at stake.

Accepted Answer

A) risk-seeking 
B) risk-averse 
C) risk-neutral 
D) risk-indifferent 
A) risk-seeking 
B) risk-averse 
C) risk-neutral 
D) risk-indifferent

Question 3

The lower the EMV,the better.

Accepted Answer

A) True 
 B)False

Question 4

SWOT analysis can be used during risk identification by having project teams focus on the broad perspectives of potential risks for particular projects.

Accepted Answer

A) True 
 B)False

Question 5

Negative and positive risks should always be included in the same probability/impact matrix or chart.

Accepted Answer

A) True 
 B)False

Question 6

By reviewing the project scope statement,cost,schedule,and communications management plans,enterprise environmental factors,and organizational process assets,project teams can discuss and analyze risk management activities for their particular projects.

Accepted Answer

A) True 
 B)False

Question 7

Potential risks can only be identified early in a project.

Accepted Answer

A) True 
 B)False

Question 8

There are ____ major processes involved in risk management.

Accepted Answer

A) three 
B) four 
C) five 
D) six 
A) three 
B) four 
C) five 
D) six

Question 9

You can break down the technology risk category into hardware,software,and network technology.

Accepted Answer

A) True 
 B)False

Question 10

A(n)____ is a diagramming analysis technique used to help select the best course of action in situations in which future outcomes are uncertain.

Accepted Answer

A) decision tree 
B) EMV 
C) Monte Carlo analysis 
D) watch list 
A) decision tree 
B) EMV 
C) Monte Carlo analysis 
D) watch list

Question 11

The main output of the ____________________ process is the start of a risk register.

Accepted Answer

The answer of The main output of the ____________________ process...

Question 12

A project ____________________ is an uncertainty that can have a negative or positive effect on meeting project objectives.

Accepted Answer

The answer of A project ____________________ is an uncertainty that...

Question 13

Inadequate planning,poor resource allocation,poor integration management,and lack of post-project review are risk conditions associated with the ____________________ project management knowledge area.

Accepted Answer

The answer of Inadequate planning,poor resource allocation,poor integration management,and lack...

Question 14

Risk ____________________ involves accepting the consequences should a risk occur.

Accepted Answer

The answer of Risk ____________________ involves accepting the consequences should...

Question 15

KLCI Research Group's 2001 survey revealed that ____ percent of the participants said they had procedures in place to identify and assess risk.

Accepted Answer

A) 75 
B) 87 
C) 97 
D) 99 
A) 75 
B) 87 
C) 97 
D) 99

Question 16

William Ibbs and Young H.Kwak's study revealed that the ____ industry had the lowest level of project management maturity in the area of risk 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 17

____ involves taking steps to enhance opportunities and reduce threats to meeting project objectives.

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 18

____ involves numerically estimating the effects of risks on project objectives.

Accepted Answer

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

Question 19

____ involves deciding how to approach and plan the risk management activities for the project.

Accepted Answer

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

____ involves determining which risks are likely to affect a project and documenting the characteristics of each.

Those who are ____ have a higher tolerance for risk,and their satisfaction increases when more payoff is at stake.

The lower the EMV,the better.

SWOT analysis can be used during risk identification by having project teams focus on the broad perspectives of potential risks for particular projects.

Negative and positive risks should always be included in the same probability/impact matrix or chart.

By reviewing the project scope statement,cost,schedule,and communications management plans,enterprise environmental factors,and organizational process assets,project teams can discuss and analyze risk management activities for their particular projects.

Potential risks can only be identified early in a project.

There are ____ major processes involved in risk management.

You can break down the technology risk category into hardware,software,and network technology.

A(n)____ is a diagramming analysis technique used to help select the best course of action in situations in which future outcomes are uncertain.

The main output of the ____________________ process is the start of a risk register.

A project ____________________ is an uncertainty that can have a negative or positive effect on meeting project objectives.

Inadequate planning,poor resource allocation,poor integration management,and lack of post-project review are risk conditions associated with the ____________________ project management knowledge area.

Risk ____________________ involves accepting the consequences should a risk occur.

KLCI Research Group's 2001 survey revealed that ____ percent of the participants said they had procedures in place to identify and assess risk.

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

____ involves taking steps to enhance opportunities and reduce threats to meeting project objectives.

____ involves numerically estimating the effects of risks on project objectives.

____ involves deciding how to approach and plan the risk management activities for the project.

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

____ involves determining which risks are likely to affect a project and documenting the characteristics of each.

Those who are ____ have a higher tolerance for risk,and their satisfaction increases when more payoff is at stake.

The lower the EMV,the better.

SWOT analysis can be used during risk identification by having project teams focus on the broad perspectives of potential risks for particular projects.

Negative and positive risks should always be included in the same probability/impact matrix or chart.

By reviewing the project scope statement,cost,schedule,and communications management plans,enterprise environmental factors,and organizational process assets,project teams can discuss and analyze risk management activities for their particular projects.

Potential risks can only be identified early in a project.

There are ____ major processes involved in risk management.

You can break down the technology risk category into hardware,software,and network technology.

A(n)____ is a diagramming analysis technique used to help select the best course of action in situations in which future outcomes are uncertain.

The main output of the ____________________ process is the start of a risk register.

A project ____________________ is an uncertainty that can have a negative or positive effect on meeting project objectives.

Inadequate planning,poor resource allocation,poor integration management,and lack of post-project review are risk conditions associated with the ____________________ project management knowledge area.

Risk ____________________ involves accepting the consequences should a risk occur.

KLCI Research Group's 2001 survey revealed that ____ percent of the participants said they had procedures in place to identify and assess risk.

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

____ involves taking steps to enhance opportunities and reduce threats to meeting project objectives.

____ involves numerically estimating the effects of risks on project objectives.

____ involves deciding how to approach and plan the risk management activities for the project.

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