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Which of the following are outputs of the Scope Change Control Process?
Option 1: Scope changes
Option 2: Corrective action
Option 3: Lessons learned
Option 4: All of the above
Option 5: None of the above
You are finding it difficult to evaluate the exact cost impact of risks. You should evaluate on a:
Option 1: Quantitative basis
Option 2: Numerical basis
Option 3: Qualitative basis
Option 4: Economic basis
Option 5:
Using a contractor to perform a high-risk task is which form of risk response?
Option 1: Insurance
Option 2: Assumption
Option 3: Alternative
Option 4: Transference
Option 5: Mediation
Problem solving addresses only the causes of problems on the project.
Option 1: True
Option 2: False
Option 3:
Option 4:
Option 5:
A process that is not part of Project Risk Management is:
Option 1: Identification
Option 2: Solicitation
Option 3: Qualitative and Quantitative Analysis
Option 4: Response Development
Option 5: Monitoring and Control
For Christmas, you give your government client a leather brief case. You are in violation of the responsibility to:
Option 1: Comply with the law.
Option 2: Comply with regulations.
Option 3: Provide accurate information.
Option 4: Protect conflict of interest.
Option 5:
Which is a process included in Project Risk Management:
Option 1: Risk identification
Option 2: Qualitative risk analysis
Option 3: Risk response planning
Option 4: Risk monitoring and response control
Option 5: All of the above
Inputs to Quantitative Risk Analysis do not include:
Option 1: Stakeholder risk tolerance
Option 2: Identified risks
Option 3: List of prioritized risks
Option 4: Historical information
Option 5: Expert judgment
Tools and techniques used in Quantitative Risk analysis include:
Option 1: Interviewing
Option 2: Sensitivity analysis
Option 3: Decision tree analysis
Option 4: Simulation
Option 5: All of the above
Outputs to Risk Response Planning do not include:
Option 1: Residual risks
Option 2: Contingency reserve amounts
Option 3: Contractual agreements
Option 4: Risk response plan
Option 5: Corrective action plan
Simulations typically use what kind of technique to analyze the behavior or performance of a system?
Option 1: Expected monetary value
Option 2: Decision trees
Option 3: Monte Carlo
Option 4: Statistical sums
Option 5: Expert judgment
What document outlines the action steps to be taken if an identified risk event should occur:
Option 1: Risk response plan
Option 2: Project plan
Option 3: Corrective action plan
Option 4: Contingency plan
Option 5: All of the above
Which of the following statements is in agreement with McGregor's concepts concerning Theory X and Theory Y managers?
Option 1: Theory X managers view subordinates as being lazy, irresponsible, and resistant to change
Option 2: Theory Y managers view subordinates as being imaginative, creative, and willing to accept responsibility
Option 3: Theory X managers tend to be autocratic whereas Theory Y managers are more likely to delegate responsibility
Option 4: a and b
Option 5: All of the above
The independence of two events in which the occurrence of one is not related to the occurrence of the other is called:
Option 1: event phenomenom
Option 2: independent probability
Option 3: statistical independence
Option 4: statistical probability
Option 5:
The highest risk impact generally occurs during which of the following project life cycle phases?
Option 1: Concept and planning
Option 2: Concept and implementation
Option 3: Planning and implementation
Option 4: Implementation and closeout
Option 5: Concept and closeout
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