1.
Project risk has been described as:
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A planned or scheduled event that has a positive outcome. |
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A planned or scheduled event that has a negative outcome. |
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A uncertain event that has a positive or negative effect on at least one project objective. |
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All of the above. |
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None of the above |
2. Question:
The four stages of Risk Planning are:
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Identification, Ranking, Avoidance and Control. |
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Monitoring, Integration, Acceptance and Identification. |
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Avoidance, Quantification, Planning and Control. |
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Identification, Quantification, Response, and Monitoring and Control. |
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Identification, Response, Acceptance, and Monitoring and Control. |
3. Question:
The four possible responses to the Response step in Risk planning are
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Avoid, Control, Mitigate, Transfer |
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Avoid, Transfer, Mitigate, Accept |
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Avoid, Transfer, Control and Accept. |
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Accept, Control, Mitigate, Transfer |
4. Question:
What document should outline the steps required in a project deliverable?
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Work Breakdown Structure |
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Project Scope |
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Project Templates |
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Defined Roles |
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Risk Policies |
Explanation: . Project Scope IDs the project but does not outline the steps. Project Templates should only be templates for plans, matrices, and other risk documentation. Defined Roles are to define the roles of the persons involved in the project. Risk Policies should only be documents as to how the company intends to manage risk
5. Question:
If a task were not identified in the WBS:
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It will have no effect on the project |
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It may later create a risk exposure event |
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Will cause problems for competing companies |
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Will have no effect on the production line |
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Will have no effect on schedules or budgets |
6. Question:
The most important inputs, outputs and tools for
Risk Management Planning
are:
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Policies and Procedures, Defined Roles, Planning Templates, and WBS. |
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Scope document, Resources, WBS, and Deliverables |
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Roles, Responsibilities, Scope, Deliverables and WBS. |
7. Question:
Of the following processes concerned with conducting risk management, which one uses numerical analysis?
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Quantitative Risk Analysis |
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Risk Monitoring and Control |
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Risk Identification |
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Risk Response Planning |
8. Question:
Which of the following is useful in reviewing a project for risks?
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Scope Statement |
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Budget |
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Schedule |
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All of the Above |
9. Question:
What Qualitative Risk Analysis tool would contain a list of low priority risks?
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Probability Matrix |
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Project Scope Statement |
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Risk Categories |
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Risk Register |
