Question 1

Learning cycles can be used as a tool for identifying threats and opportunities.

Accepted Answer

A) True 
 B)False

Question 2

Define and discuss the four risk strategies described in this chapter.

Accepted Answer

-Accept or Ignore-Choosing to accept or

Question 3

It never pays to ignore an element of project risk.

Accepted Answer

A) True 
 B)False

Question 4

_____ is the core layer in the IT Project Risk Identification Framework.

Accepted Answer

A) Measurable Organizational Value 
B) Project objectives 
C) Risk sources 
D) Internality / Externality 
E) Known / Unknown 
A) Measurable Organizational Value 
B) Project objectives 
C) Risk sources 
D) Internality / Externality 
E) Known / Unknown

Question 5

What is the Delphi Technique? How can this technique be used to identify IT project risks?

Accepted Answer

A group of experts are asked to identify

Question 6

Why can identifying IT project risks be difficult?

Accepted Answer

Risk identification can be difficult bec

Question 7

A _____ is a structured tool that identifies risks that have occurred in the past.

Accepted Answer

A) learning cycle 
B) brainstorming session 
C) Nominal Group Technique 
D) Delphi Technique 
E) checklist 
A) learning cycle 
B) brainstorming session 
C) Nominal Group Technique 
D) Delphi Technique 
E) checklist

Question 8

Through _____,the project manager will scan the project environment to watch for risks as they may arise.

Accepted Answer

A) risk identification 
B) risk assessment 
C) risk planning 
D) risk monitoring and control 
E) risk strategies 
A) risk identification 
B) risk assessment 
C) risk planning 
D) risk monitoring and control 
E) risk strategies

Question 9

In a normal distribution we would expect to find _______ of all values with in + or - 2 standard deviation.

Accepted Answer

A) 13% 
B) 34% 
C) 68% 
D) 95% 
E) 99% 
A) 13% 
B) 34% 
C) 68% 
D) 95% 
E) 99%

Question 10

In a normal distribution we would expect to find _______ of all values with in + or - 1 standard deviation.

Accepted Answer

A) 13% 
B) 34% 
C) 68% 
D) 95% 
E) 99% 
A) 13% 
B) 34% 
C) 68% 
D) 95% 
E) 99%

Question 11

What is a contingency plan?

Accepted Answer

Contingency plans-Sometimes called an al

Question 12

_____ are the processes of conducting risk management planning,identification,analysis,response planning,and monitoring and control on a project.

Accepted Answer

A) Project risk management 
B) Project risk response 
C) Project risk planning 
D) Project risk analysis 
E) Project risk control 
A) Project risk management 
B) Project risk response 
C) Project risk planning 
D) Project risk analysis 
E) Project risk control

Question 13

What is project risk?

Accepted Answer

PMBOK defines project risk as:

Question 14

Receiving a much larger than usual gas utility bill because of an early spring cold spell is an example of what type of risk?

Accepted Answer

A) known risk 
B) known-unknown risk 
C) unknown-unknown risk 
D) known-known 
E) none of the above 
A) known risk 
B) known-unknown risk 
C) unknown-unknown risk 
D) known-known 
E) none of the above

Question 15

_____ involves deciding which risks can impact the project.

Accepted Answer

A) Plan Risk Management 
B) Identify Risks 
C) Perform Quantitative Risk Analysis 
D) Plan Risk Responses 
E) Monitor and Control Risks 
A) Plan Risk Management 
B) Identify Risks 
C) Perform Quantitative Risk Analysis 
D) Plan Risk Responses 
E) Monitor and Control Risks

Question 16

_____ is an uncertain event that,if it occurs,has a positive or negative effect on project objectives.

Accepted Answer

A) Risk management 
B) Risk response 
C) Project risk 
D) Risk plan 
E) Risk control 
A) Risk management 
B) Risk response 
C) Project risk 
D) Risk plan 
E) Risk control

Question 17

What is a risk response plan? What should be included?

Accepted Answer

Once the project risks and strategies ar

Question 18

Since risk arises from uncertainty,there can be no such category as known risks.

Accepted Answer

A) True 
 B)False

Question 19

What are the seven IT project risk management processes?

Accepted Answer

-Risk Planning
-Risk Identific

Question 20

_____determines how to deal with the occurrence of a risk.

Accepted Answer

A) risk identification 
B) risk assessment 
C) risk planning 
D) risk monitoring and control 
E) risk strategies 
A) risk identification 
B) risk assessment 
C) risk planning 
D) risk monitoring and control 
E) risk strategies

Learning cycles can be used as a tool for identifying threats and opportunities.

Define and discuss the four risk strategies described in this chapter.

It never pays to ignore an element of project risk.

_____ is the core layer in the IT Project Risk Identification Framework.

What is the Delphi Technique? How can this technique be used to identify IT project risks?

Why can identifying IT project risks be difficult?

A _____ is a structured tool that identifies risks that have occurred in the past.

Through _____,the project manager will scan the project environment to watch for risks as they may arise.

In a normal distribution we would expect to find _______ of all values with in + or - 2 standard deviation.

In a normal distribution we would expect to find _______ of all values with in + or - 1 standard deviation.

What is a contingency plan?

_____ are the processes of conducting risk management planning,identification,analysis,response planning,and monitoring and control on a project.

What is project risk?

Receiving a much larger than usual gas utility bill because of an early spring cold spell is an example of what type of risk?

_____ involves deciding which risks can impact the project.

_____ is an uncertain event that,if it occurs,has a positive or negative effect on project objectives.

What is a risk response plan? What should be included?

Since risk arises from uncertainty,there can be no such category as known risks.

What are the seven IT project risk management processes?

_____determines how to deal with the occurrence of a risk.

The Nature of Information Technology Projects

Initializing and Conceptualizing the IT Project

The Project Infrastructure

The Human Side of Project Management

Defining and Managing Project and Product Scope

The Work Breakdown Structure and Project Estimation

The Project Schedule and Budget

Project Communication,tracking,and Reporting

It Project Quality Management

Managing Organizational Change, resistance, and Conflict

Project Procurement Management and Outsourcing

Leadership and Ethics

Project Implementation, closure, and Evaluation

Filters

Exam 8: Managing Project Risk

Learning cycles can be used as a tool for identifying threats and opportunities.

Define and discuss the four risk strategies described in this chapter.

It never pays to ignore an element of project risk.

_____ is the core layer in the IT Project Risk Identification Framework.

What is the Delphi Technique? How can this technique be used to identify IT project risks?

Why can identifying IT project risks be difficult?

A _____ is a structured tool that identifies risks that have occurred in the past.

Through _____,the project manager will scan the project environment to watch for risks as they may arise.

In a normal distribution we would expect to find _______ of all values with in + or - 2 standard deviation.

In a normal distribution we would expect to find _______ of all values with in + or - 1 standard deviation.

What is a contingency plan?

_____ are the processes of conducting risk management planning,identification,analysis,response planning,and monitoring and control on a project.

What is project risk?

Receiving a much larger than usual gas utility bill because of an early spring cold spell is an example of what type of risk?

_____ involves deciding which risks can impact the project.

_____ is an uncertain event that,if it occurs,has a positive or negative effect on project objectives.

What is a risk response plan? What should be included?

Since risk arises from uncertainty,there can be no such category as known risks.

What are the seven IT project risk management processes?

_____determines how to deal with the occurrence of a risk.

The Nature of Information Technology Projects

Initializing and Conceptualizing the IT Project

The Project Infrastructure

The Human Side of Project Management

Defining and Managing Project and Product Scope

The Work Breakdown Structure and Project Estimation

The Project Schedule and Budget

Project Communication,tracking,and Reporting

It Project Quality Management

Managing Organizational Change, resistance, and Conflict

Project Procurement Management and Outsourcing

Leadership and Ethics

Project Implementation, closure, and Evaluation

Filters