Quiz
Chapter 11 T/F
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Questions in this quiz (18)
11. Risks can have both negative and positive effects on meeting project objectives.
- ATrue
- BFalse
22. One possible response to managing negative risk it to accept the potential effects from the risk.
- ATrue
- BFalse
33. A risk-seeking person prefers outcomes that are more uncertain and is often willing to pay a penalty to take risks.
- ATrue
- BFalse
44. Unknown risks can be managed proactively.
- ATrue
- BFalse
55.. The last step in project risk management is deciding how to address this knowledge area for a particular project by
performing risk management planning.- ATrue
- BFalse
66. Contingency plans are predefined actions that the project team will take if an identified risk event occurs.
- ATrue
- BFalse
77. Brainstorming is a systematic, interactive forecasting procedure based on independent and anonymous input regarding
future events.- ATrue
- BFalse
88. The psychology literature shows that individuals, working alone, produce fewer ideas than the same individuals
produce through brainstorming in small, face-to-face groups.- ATrue
- BFalse
99. The Delphi technique is a systematic, interactive forecasting procedure based on independent and anonymous input
regarding future events.- ATrue
- BFalse
1010. Risk events refer to specific, certain events that may occur to the detriment or enhancement of the project.
- ATrue
- BFalse
1111. A probability/impact matrix or chart lists the relative probability of a risk occurring on one side of a matrix or axis on
a chart and the relative impact of the risk occurring on the other.- ATrue
- BFalse
1212. Top Ten Risk Item Tracking is a quantitative risk analysis tool.
- ATrue
- BFalse
1313. The Microsoft Solution Framework (MSF) includes a risk management model that includes developing and
monitoring a top-ten master list of risks- ATrue
- BFalse
1414. Quantitative risk analysis need not be done for projects that are large and complex.
- ATrue
- BFalse
1515. The lower the earned monetary value calculation for a project, the chances of project success is higher.
- ATrue
- BFalse
1616. The Monte Carlo analysis can predict the probability of finishing by a certain date or the probability that the cost will
be equal to or less than a certain value- ATrue
- BFalse
1717. Identified risks may not materialize, or their probabilities of occurrence or loss may diminish.
- ATrue
- BFalse
1818. The risk register can be created with a simple Microsoft Word or Excel file.
- ATrue
- BFalse
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- CIS 4375 Quiz on Chapter 11 T/F, created by . . on 11/10/2017.
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- . .
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- English
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