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Chapter 11 Book Questions

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Questions in this quiz (10)

  1. 11. ______________________ is an uncertainty that can have a negative or positive effect on meeting project objectives.
    1. Aa. Risk utility
    2. Bb. Risk tolerance
    3. Cc. Risk management
    4. Dd. Risk
  2. 22. A person who is risk- ______________________ receives greater satisfaction when more payoff is at stake and is willing to pay a penalty to take risks
    1. Aa. averse
    2. Bb. seeking
    3. Cc. neutral
    4. Dd. aware
  3. 33. Which risk management process involves prioritizing risks based on their probability and impact of occurrence?
    1. Aa. planning risk management
    2. Bb. identifying risks
    3. Cc. performing qualitative risk analysis
    4. Dd. performing quantitative risk analysis
  4. 44. Your project involves using a new release of a common software application, but if that re- lease is not available, your team has ______________________ plans to use the current release.
    1. Aa. contingency
    2. Bb. fallback
    3. Cc. reserve.
    4. Dd. mitigation
  5. 55. Which risk identification tool involves deriving a consensus among a panel of experts by using anonymous input regarding future events?
    1. Aa. risk breakdown structure
    2. Bb. brainstorming
    3. Cc. interviewing
    4. Dd. Delphi technique
  6. 66. A risk ______________________ is a document that contains results of various risk management processes, and is often displayed in a table or spreadsheet for
    1. Aa. management plan
    2. Bb. register
    3. Cc. breakdown structure
    4. Dd. probability/impact matrix
  7. 77. ______________________ are indicators or symptoms of actual risk events, such as a cost overrun on early activities being a symptom of poor cost estimat
    1. Aa. probabilities
    2. Bb. Impacts
    3. Cc. Watch lsit items
    4. Dd. Triggers
  8. 88. Suppose there is a 30 percent chance that you will lose $10,000 and a 70 percent chance that you will earn $100,000 on a particular project. What is the project’s estimated monetary value?
    1. Aa. -$30,000
    2. Bb. $70,000
    3. Cc. $67,000
    4. Dd. -$67,000
  9. 99. ______________________ is a quantitative risk analysis tool that uses a model of a system to analyze its expected behavior or performance.
    1. Aa. Simluation
    2. Bb. Sensitivity analysis
    3. Cc. Monte Carlo analysis
    4. DEMV
  10. 1010. Your project team has decided not to use an upcoming release of software because it might cause your schedule to slip. Which negative risk response strategy are you using?
    1. Aa. avoidance
    2. Bb. acceptance
    3. Cc. transference
    4. Dd. mitigation

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CIS 4375 Quiz on Chapter 11 Book Questions, created by . . on 11/10/2017.
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