Question 1

The goal of a sound risk management is to completely avoid all risk.

Accepted Answer

A) True 
 B)False

Question 2

_____ involves developing procedures and techniques to reduce the threat of risks and enhance the likelihood of opportunities.

Accepted Answer

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

Question 3

In which step of the risk planning process does the text say one might decide to transfer project risk to someone else i.e. ,use insurance)?

Accepted Answer

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

Question 4

Qualitative risk analysis has as one of its strengths the ability to include subjective analysis based on experience and judgment.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following distributions has mean which is equal to a + 4b +c / 6 where a,b,and c are denote optimistic,most likely,and pessimistic estimates respectively?:

Accepted Answer

A) Discrete Distribution 
B) Normal Distribution 
C) Pert Distribution 
D) Triangular Distribution 
E) Binomial Distribution 
A) Discrete Distribution 
B) Normal Distribution 
C) Pert Distribution 
D) Triangular Distribution 
E) Binomial Distribution

Question 6

_____ randomly generates specific values for a variable with a specific probability distribution.

Accepted Answer

A) Discrete Distribution 
B) Normal Distribution 
C) Pert Distribution 
D) Monte Carlo Simulation 
E) Binomial Distribution 
A) Discrete Distribution 
B) Normal Distribution 
C) Pert Distribution 
D) Monte Carlo Simulation 
E) Binomial Distribution

Question 7

What is SWOT analysis? How can this technique be used to identify IT project risks?

Accepted Answer

SWOT stands for Strengths,Weaknesses,Opp

Question 8

_____requires determining the problem,or cause,of the risk.

Accepted Answer

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

Question 9

The first step in managing IT project risk is _____.

Accepted Answer

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

The goal of a sound risk management is to completely avoid all risk.

_____ involves developing procedures and techniques to reduce the threat of risks and enhance the likelihood of opportunities.

In which step of the risk planning process does the text say one might decide to transfer project risk to someone else i.e. ,use insurance)?

Qualitative risk analysis has as one of its strengths the ability to include subjective analysis based on experience and judgment.

Which of the following distributions has mean which is equal to a + 4b +c / 6 where a,b,and c are denote optimistic,most likely,and pessimistic estimates respectively?:

_____ randomly generates specific values for a variable with a specific probability distribution.

What is SWOT analysis? How can this technique be used to identify IT project risks?

_____requires determining the problem,or cause,of the risk.

The first step in managing IT project risk is _____.

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

The goal of a sound risk management is to completely avoid all risk.

_____ involves developing procedures and techniques to reduce the threat of risks and enhance the likelihood of opportunities.

In which step of the risk planning process does the text say one might decide to transfer project risk to someone else i.e. ,use insurance)?

Qualitative risk analysis has as one of its strengths the ability to include subjective analysis based on experience and judgment.

Which of the following distributions has mean which is equal to a + 4b +c / 6 where a,b,and c are denote optimistic,most likely,and pessimistic estimates respectively?:

_____ randomly generates specific values for a variable with a specific probability distribution.

What is SWOT analysis? How can this technique be used to identify IT project risks?

_____requires determining the problem,or cause,of the risk.

The first step in managing IT project risk is _____.

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