Exam 6: Assessing and Preparing for Project Uncertainties

Members of a project team have developed a schedule for an upcoming IT project. They observe that two activities, A. Hardware Design and B. Software Design, must be complete before a third activity, C. Testing, can begin. Hardware and Software Design share the same predecessor task, and each one is estimated to have a duration of 4 weeks. Based on historical data, team members estimate that activity A and activity B each has an 80% chance of finishing within the estimated time frame. Which of the following is true?

Which of the following uncertainty assessment tools is used primarily for evaluating the relative significance of unfavorable or negative risks in a technical environment?

When is the best time for project team members to engage in a detailed analysis of potential uncertainties?

Members of a project team have used FMEA to calculate the RPN for one of the risks it has identified. The RPN is 200. Which of the following combinations could have produced this score?

Which of the following is NOT a simulation tool?

Which of the following does a team typically consider during uncertainty assessment?

Which of the following methods is best suited for use in uncertainty assessment when team members are located at different sites and cannot meet face-to-face?

RPNs Risk Priority Numbers) are used to calculate risk for which assessment tool?

The government of an unnamed country has assigned a project team to initiate and run a program to create jobs. The program will include job training, career counseling, unemployment payments, and hiring incentives for employers. During the team's risk brainstorming session, members identified several things that could go wrong during project delivery. A major concern that came to the surface was that program funding could be cut before their efforts had the opportunity to bear significant results. They viewed this possible risk as having a monumental potential impact on the project i.e., program cancellation and a major setback in job creation). However, they viewed the risk as having a relatively low likelihood of occurrence. If the team were to position this risk on a traditional risk matrix during a risk mapping exercise, where would it be most appropriately placed?

During the dot-voting process for the Gut Feel Method of uncertainty assessment:

A fishbone diagram, also known as an Ishikawa diagram, is used to identify which of the following during uncertainty analysis?

Which of the following is a category considered to be a typical source of project uncertainty?

A team planning for the market launch of a new video game has employed FMEA to assess the relative importance of possible risks. One risk they identified, failure of the logistics system to deliver games to key retailers by the promised date, produced the following scores based on team input: Severity: 9 Likelihood: 5 Detection Difficulty: 1 The RPN for this risk would be:

A member of a project team has recently experienced a computer system failure that shut down his previous company's operations for a week. He directs the team's attention to this possibility on a new project and becomes concerned that the team is not taking this risk as seriously as he is. Although he might be correct to be so concerned, he also might be subject to which of the following biases?