This is a timed quiz.
You have 36 minutes to complete the 15 questions in this quiz.
Which of the following would NOT be contained in the risk management plan?
a. A risk breakdown structure.
b. A description of the overall approach to risk on the project.
c. Risk roles and responsibilities.
d. A list of identified risks.
The risk register is not an input to which of the following processes?
a. Identify Risks
b. Perform Qualitative risk analysis
c. Perform Quantitative risk analysis
d. Plan Risk response
Which of the following is NOT a tool or technique for gaining expert opinion as it relates to risk?
a. Brainstorming.
b. Checklists
c. Monte Carlo analysis.
d. Expert interviews.
Which of the following is not a type of risk attitude of organizations?
a. Risk appetite.
b. Risk tolerance.
c. Risk response.
d. Risk intolerance.
Which of the following statements about risk analysis is false?
a. Quantitative risk analysis can only be performed on the risks on which a qualitative risk analysis has already been performed.
b. Qualitative risk analysis is usually performed before quantitative risk analysis.
c. An updated risk report is the output of both qualitative risk analysis and quantitative risk analysis.
d. The risk register is an input to both qualitative risk analysis and quantitative risk analysis.
What is the output of a decision tree analysis?
a. List of decisions that can be made.
b. Expected monetary value of each option.
c. Recommended corrective actions.
d. Cost of managing the risk that was analyzed.
Which of the following is a correct statement about secondary risks?
a. These are the residual risks.
b. These are the risks that have medium or low priority
c. These are the risks that have been transferred
d. These are the risks that can result from responses to the identified risks.
Which of the following statements is TRUE regarding risk?
a. All risk events must be threats
b. All risk events are uncertain.
c. All risk events are negative.
d. All risk events should be covered by a contingency budget amount.
Which of the following is not an output of the quantitative risk analysis??
a. Probabilities of meeting the project objectives, such as cost and schedule
b. Estimate of the project cost
c. A list of risks prioritized based on the total effect of each risk on the overall project objectives
d. A risk-related contractual agreement
Which of the following would NOT be a strategy for dealing with negative risk?
a. Avoid.
b. Transfer.
c. Share.
d. Mitigate.
Which of the following is not an information gathering or analysis technique used in the identify risks process?
a. Brainstorming
b. Document analysis
c. SWOT analysis
d. Web browsing
Which of the following is not a valid risk response?
a. Risk acceptance
b. Risk sharing
c. Risk mitigation
d. Risk rejection
What is the BEST source of information about potential risk on your project?
a. Computer risk analysis.
b. Interviews with team members from other projects.
c. Historical records from similar projects.
d. Your own experience in this industry.
Which of the following is not a common constraint to all the projects?
a. Resources
b. Scope
c. Time
d. Skill set
Which of the following is an output of Identify Risks??
a. Risk register.
b. Probabilistic analysis.
c. Risk-related contractual agreements.
d. Recommended cash reserves.
