Question 1

Identified risks may not materialize, or their probabilities of occurrence or loss may diminish.

Accepted Answer

A) True 
 B)False  True

Question 2

_____ are unplanned responses to risk events used when project teams do not have contingency plans in place.

Accepted Answer

A)  Workarounds 
B)  Fallback plans 
C)  Contingency plans 
D)  Triggers 
A)  Workarounds 
B)  Fallback plans 
C)  Contingency plans 
D)  Triggers A

Question 3

The lower the earned monetary value calculation for a project, the chances of project success is higher.

Accepted Answer

A) True 
 B)False  False

Question 4

List and briefly describe four methods for identifying risks.

Accepted Answer

Brainstorming: technique by which a grou

Question 5

Which process 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 risk 
D)  performing qualitative risk analysis 
A)  performing quantitative risk analysis 
B)  planning risk responses 
C)  monitoring risk 
D)  performing qualitative risk analysis

Question 6

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 7

What are the basic response strategies for negative risks? Describe each strategy.

Accepted Answer

Risk avoidance or eliminating a specific

Question 8

Large, complex projects involving leading-edge technologies often require extensive quantitative risk analysis.

Accepted Answer

A) True 
 B)False

Question 9

The main outputs of which process include a risk register, risk report, and project documents updates?

Accepted Answer

A)  identifying risks 
B)  planning risk management 
C)  planning risk response 
D)  monitoring risk 
A)  identifying risks 
B)  planning risk management 
C)  planning risk response 
D)  monitoring risk

Question 10

Unknown risks can be managed proactively.

Accepted Answer

A) True 
 B)False

Question 11

The risk register can be created with a simple Microsoft Word or Excel file.

Accepted Answer

A) True 
 B)False

Question 12

Potential problems that might occur on the project and how they might impede project success are _____ risks.

Accepted Answer

The answer of  Potential problems that might occur on the...

Question 13

What process 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

Question 14

Which is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions?

Accepted Answer

A)  brainstorming 
B)  Monte Carlo analysis 
C)  the Delphi technique 
D)  interviewing 
A)  brainstorming 
B)  Monte Carlo analysis 
C)  the Delphi technique 
D)  interviewing

Question 15

Project teams sometimes use _____, which are unplanned responses to risk events, when they do not have contingency plans in place.

Accepted Answer

The answer of  Project teams sometimes use _____, which are...

Question 16

Risks can have both negative and positive effects on meeting project objectives.

Accepted Answer

A) True 
 B)False

Question 17

_____ helps professionals to see the effects of changing one or more variables on an outcome.

Accepted Answer

Sensitivit

Question 18

Identifying risks is a subprocess of the _____ process of project risk management.

Accepted Answer

A)  planning 
B)  executing 
C)  monitoring and controlling 
D)  closing 
A)  planning 
B)  executing 
C)  monitoring and controlling 
D)  closing

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Risk utility rises at a decreasing rate for a(n) _____ person.

Accepted Answer

The answer of  Risk utility rises at a decreasing rate...

Identified risks may not materialize, or their probabilities of occurrence or loss may diminish.

_____ are unplanned responses to risk events used when project teams do not have contingency plans in place.

The lower the earned monetary value calculation for a project, the chances of project success is higher.

List and briefly describe four methods for identifying risks.

Which process 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?

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

What are the basic response strategies for negative risks? Describe each strategy.

Large, complex projects involving leading-edge technologies often require extensive quantitative risk analysis.

The main outputs of which process include a risk register, risk report, and project documents updates?

Unknown risks can be managed proactively.

The risk register can be created with a simple Microsoft Word or Excel file.

Potential problems that might occur on the project and how they might impede project success are _____ risks.

What process involves deciding how to approach and plan the risk management activities for the project?

Which is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions?

Project teams sometimes use _____, which are unplanned responses to risk events, when they do not have contingency plans in place.

Risks can have both negative and positive effects on meeting project objectives.

_____ helps professionals to see the effects of changing one or more variables on an outcome.

Identifying risks is a subprocess of the _____ process of project risk management.

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

Risk utility rises at a decreasing rate for a(n) _____ person.

Introduction to Project Management

The Project Management Information Technology Context

The Project Management Process Groups

Project Integration Management

Project Scope Management

Project Schedule Management

Project Cost Management

Project Quality Management

Project Resource Management

Project Communications Management

Project Procurement Management

Project Stakeholder Management

Filters

Exam 11: Project Risk Management

Identified risks may not materialize, or their probabilities of occurrence or loss may diminish.

_____ are unplanned responses to risk events used when project teams do not have contingency plans in place.

The lower the earned monetary value calculation for a project, the chances of project success is higher.

List and briefly describe four methods for identifying risks.

Which process 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?

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

What are the basic response strategies for negative risks? Describe each strategy.

Large, complex projects involving leading-edge technologies often require extensive quantitative risk analysis.

The main outputs of which process include a risk register, risk report, and project documents updates?

Unknown risks can be managed proactively.

The risk register can be created with a simple Microsoft Word or Excel file.

Potential problems that might occur on the project and how they might impede project success are _____ risks.

What process involves deciding how to approach and plan the risk management activities for the project?

Which is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions?

Project teams sometimes use _____, which are unplanned responses to risk events, when they do not have contingency plans in place.

Risks can have both negative and positive effects on meeting project objectives.

_____ helps professionals to see the effects of changing one or more variables on an outcome.

Identifying risks is a subprocess of the _____ process of project risk management.

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

Risk utility rises at a decreasing rate for a(n) _____ person.

Introduction to Project Management

The Project Management Information Technology Context

The Project Management Process Groups

Project Integration Management

Project Scope Management

Project Schedule Management

Project Cost Management

Project Quality Management

Project Resource Management

Project Communications Management

Project Procurement Management

Project Stakeholder Management

Filters