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Risk Management

Risk Management

Risk Identification

Risk Identification Exercise

Project Risk Analysis

Plan Risk Response

Module 7 – End of Chapter Quiz

Module 7 – End of Chapter Quiz

Risk Management
Module 7 – End of Chapter Quiz

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Question 1 of 10
1. Question
All but which of the following are factors in the assessment?
insurance premiums
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amount of risk
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risk probability
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risk event
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Question 2 of 10
2. Question
If a risk has a 30% chance of occurring, and the project is expected last five months, what is the probability that this risk event will occur during the fourth month of the project?
less than 3%
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30%
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60%
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90%
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Question 3 of 10
3. Question
If a risk event has a 60 percent chance of occurring, with the consequences being U.S. $100,000, what does US. $60,000 represent?
present value
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risk value
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contingency budget
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expected monetary value
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Question 4 of 10
4. Question
In which of the following are risk identified?
risk identification
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qualitative risk analysis and control
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quantitative risk analysis
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risk identification and risk monitoring and control
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Question 5 of 10
5. Question
Which of the following is a chief characteristic of the Delphi Technique?
Bottom-up approach
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Audit extractions
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Subject matter experts
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Collection from historical records from similar projects
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Question 6 of 10
6. Question
Assuming that the ends of a range of estimates are +/- 3 sigma from the mean, which of the following range estimates involves the LEAST risk?
Mean of 10 days
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Optimistic = 26, most likely = 30 days, pessimistic = 33 days
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22-30 days
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30 days, plus or minus 5 days
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Question 7 of 10
7. Question
Which is an output of perform qualitative risk analysis?
change requests
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team assessment
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project document updates
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resource calendars
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Question 8 of 10
8. Question
Listing a risk as most likely to occur is an example of what?
category rating
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ordinal ranking
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relative ranking
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probability rating
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Question 9 of 10
9. Question
Which of the following is not an input to implement risks responses?
schedule forecasts
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risk register
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data gathering
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project management plan
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Question 10 of 10
10. Question
Which of the following is a chief characteristic of the risk register?
lessons learned about effective risk responses from earlier in the project
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lists resources that can be allocated to agreed-upon risk responses
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presents the current level of overall risk exposure
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prioritized individual project risks
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