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Quiz XI
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Questions in this quiz (40)
1William Ibbs and Young H. Kwak’s study revealed that the ____ industry had the lowest level of project management maturity in the area of risk management.
- Aengineering/construction
- Btelecommunications
- Cinformation systems
- Dhigh-tech manufacturing
2William Ibbs and Young H. Kwak’s study revealed that the ____ industry had the lowest level of project management maturity in the area of quality management.
- Aengineering/construction
- Btelecommunications
- Cinformation systems
- Dhigh-tech manufacturing
3KLCI Research Group’s 2001 survey revealed that ____ percent of the participants said they had procedures in place to identify and assess risk.
- A75
- B87
- C97
- D99
4KLCI Research Group’s 2001 survey revealed that ____ percent identified anticipating and avoiding problems as the primary benefit of risk management.
- A60
- B80
- C89
- D99
5KLCI Research Group’s 2001 survey revealed that ____ percent of the organizations surveyed had a Project Management Office.
- A64
- B75
- C85
- D94
6KLCI Research Group’s 2001 survey revealed that the most frequently cited benefit from software risk management practices is to ____.
- Aprevent surprises
- Bimprove ability to negotiate
- Cmeet customer commitments
- Danticipate/avoid problems
7Utility rises at a decreasing rate for a ____ person.
- Arisk-seeking
- Brisk-averse
- Crisk-neutral
- Drisk-indifferent
8Those who are ____ have a higher tolerance for risk, and their satisfaction increases when more payoff is at stake.
- Arisk-seeking
- Brisk-averse
- Crisk-neutral
- Drisk-indifferent
9A ____ person achieves a balance between risk and payoff.
- Arisk-seeking
- Brisk-averse
- Crisk-fearing
- Drisk-neutral
10There are ____ major processes involved in risk management.
- Athree
- Bfour
- Cfive
- Dsix
11____ involves deciding how to approach and plan the risk management activities for the project.
- AIdentifying risks
- BPlanning risk management
- CPerforming qualitative risk analysis
- DPerforming quantitative risk analysis
12____ involves determining which risks are likely to affect a project and documenting the characteristics of each.
- AIdentifying risks
- BPlanning risk management
- CPerforming qualitative risk analysis
- DPerforming quantitative risk analysis
13____ involves prioritizing risks based on their probability and impact of occurrence.
- APerforming qualitative risk analysis
- BPlanning risk management
- CPlanning risk responses
- DPerforming quantitative risk analysis
14____ involves numerically estimating the effects of risks on project objectives.
- APerforming qualitative risk analysis
- BPlanning risk responses
- CPlanning risk management
- DPerforming quantitative risk analysis
15____ involves taking steps to enhance opportunities and reduce threats to meeting project objectives.
- APerforming quantitative risk analysis
- BPlanning risk responses
- CMonitoring and controlling risk
- DPerforming qualitative risk analysis
16____ involves monitoring identified and residual risks, identifying new risks, carrying out risk response plans, and evaluating the effectiveness of risk strategies throughout the life of the project.
- APerforming quantitative risk analysis
- BPlanning risk responses
- CMonitoring and controlling risk
- DPerforming qualitative risk analysis
17 ____ are predefined actions that the project team will take if an identified risk event occurs.
- AFallback plans
- BContingency reserves
- CContingency plans
- DContingency allowances
18____ are developed for risks that have a high impact on meeting project objectives, and are put into effect if attempts to reduce the risk are not effective.
- AFallback plans
- BContingency reserves
- CContingency plans
- DContingency allowances
19According to the Standish Group’s success potential scoring sheet, ____ has the highest relative importance.
- Aexecutive management support
- Bclear statement of requirements
- Cproper planning
- Duser involvement
20“If the information technology project is to produce a new product or service, will it be useful to the organization or marketable to others?” applies to which risk category? ____
- AFinancial risk
- BTechnology risk
- CStructure/process risk
- DMarket risk
21“Will the project meet NPV, ROI, and payback estimates?” applies to which risk category? ____
- AFinancial risk
- BTechnology risk
- CStructure/process risk
- DMarket risk
22“Is there a project champion?” applies to which risk category? ____
- AFinancial risk
- BTechnology risk
- CStructure/process risk
- DPeople risk
23In a risk breakdown structure, competitors, suppliers, and cash flow are categories that fall under ____ risk.
- Abusiness
- Btechnical
- Corganizational
- Dproject management
24Poor conflict management, poor project organization and definition of responsibilities, and absence of leadership are risk conditions associated with the ____ project management knowledge area.
- AIntegration
- BQuality
- CTime
- DHuman Resources
25Unenforceable conditions or contract clauses, and adversarial relations are risk conditions associated with the ____ project management knowledge area.
- AIntegration
- BQuality
- CProcurement
- DHuman Resources
26____ is a fact-finding technique for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions.
- ABrainstorming
- BSWOT analysis
- CThe Delphi technique
- DInterviewing
27A(n) ____ represents decision problems by displaying essential elements, including decisions, uncertainties, causality, and objectives, and how they influence each other.
- Arisk breakdown structure
- Binfluence diagram
- Cprocess flow chart
- Dsystem flow chart
28A project manager can chart the probability and impact of risks on a ____.
- Arisk ranking chart
- Brisk probability table
- Cprobability/impact matrix
- Drisk assessment matrix
29____ are/is a qualitative risk analysis tool, and in addition to identifying risks, it maintains an awareness of risks throughout the life of a project.
- ARisk factor analysis
- BProbability/impact matrices or charts
- CRisk registering
- DTop Ten Risk Item Tracking
30A(n) ____ is a diagramming analysis technique used to help select the best course of action in situations in which future outcomes are uncertain.
- Adecision tree
- BEMV
- CMonte Carlo analysis
- Dwatch list
31____ analysis simulates a model’s outcome many times to provide a statistical distribution of the calculated results.
- ADecision tree
- BEMV
- CMonte Carlo
- DWatch list
32What is the first step in a Monte Carlo analysis?
- ADetermine the probability distribution of each variable.
- BFor each variable, such as the time estimate for a task, select a random value based on the probability distribution for the occurrence of the variable.
- CAssess the range for the variables being considered.
- DRun a deterministic analysis or one pass through the model using the combination of values selected for each one of the variables.
33____ involves eliminating a specific threat, usually by eliminating its causes.
- ARisk avoidance
- BRisk acceptance
- CRisk transference
- DRisk mitigation
34____ involves shifting the consequence of a risk and responsibility for its management to a third party.
- ARisk avoidance
- BRisk acceptance
- CRisk transference
- DRisk mitigation
35____ involves reducing the impact of a risk event by reducing the probability of its occurrence
- ARisk avoidance
- BRisk acceptance
- CRisk transference
- DRisk mitigation
36____ involves doing whatever you can to make sure the positive risk happens
- ARisk exploitation
- BRisk sharing
- CRisk enhancement
- DRisk acceptance
37____ involves allocating ownership of the risk to another party.
- ARisk exploitation
- BRisk sharing
- CRisk enhancement
- DRisk acceptance
38____ involves changing the size of the opportunity by identifying and maximizing key drivers of the positive risk.
- ARisk exploitation
- BRisk sharing
- CRisk enhancement
- DRisk acceptance
39___ applies to positive risks when the project team cannot or chooses not to take any actions toward a risk.
- ARisk enhancement
- BRisk acceptance
- CRisk sharing
- DRisk exploitation
40____ risks are a direct result of implementing a risk response.
- ATertiary
- BPrimary
- CResidual
- DSecondary
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- Description
- Quiz on Quiz XI, created by Nero Fortuna on 01/03/2017.
- Author
- Nero Fortuna
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- English
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