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In order to better manage your project, you would like the see if you have a concentration of sources of risks, in any areas of the project. The team could go about this activity using all of the following, EXCEPT
Option 1: RBS
Option 2: Project Phases
Option 3: WBS
Option 4: Process Analysis
Option 5:
The project manager of a large project used the autoregressive moving average (ARMA) method of regression analysis to forecast future project performance. Under what category can you classify this type of forecasting?
Option 1: Time series method
Option 2: Ensemble method
Option 3: Causal / Econometric method
Option 4: Judgmental method
Option 5:
Quantitative risk analysis should be performed:
Option 1: only on risks identified by the project manager
Option 2: only in extreme cases
Option 3: only on prioritized risks
Option 4: on all risks
Option 5:
You have identified a risk that will negatively affect your security project. You and your team have decided to use an older encryption technology because of the high risk associated with the new technology. What type of risk strategy are you using?
Option 1: Mitigation
Option 2: Exploitation
Option 3: Avoidance
Option 4: Transfer
Option 5:
Which of the following is not a valid instance of Risk Transference?
Option 1: Use of a Cost Reimbursable contract
Option 2: Warranties
Option 3: Fixed Price contracts
Option 4: Performance bonds
Option 5:
You are running one week behind on a project due to a vendor delivering cables late, so you are forced to compress your schedule due to a government mandated end date that constrains your project. After meeting with your team, the decision is to work several tasks in parallel that were scheduled to run consecutively. This is an example of what?
Option 1: Risk Acceptance
Option 2: Crashing
Option 3: Resource Leveling
Option 4: Fast Tracking
Option 5:
There are a number of risks that have been identified in your project, however the team has elected not to change the project plan to deal with the risk, but they have established a contingency reserve of money in the event some of these risks are triggered. This is an example of what type of risk mitigation technique?
Option 1: Contingent Response Strategy
Option 2: Active acceptance
Option 3: Passive acceptance
Option 4: Avoidance
Option 5:
The customer requests a change to the project that would increase the project risk. Which of the following should you do before all others?
Option 1: Talk to the customer about the impact of the change
Option 2: Change the risk management plan
Option 3: Include the expected monetary value of the risk in the new cost estimate
Option 4: Analyze the impacts of the change with the team
Option 5:
The Risk Register is a component of the project management plan. It contains details of all identified risks and current status. It is a document containing the results of:
Option 1: Plan Risk Responses
Option 2: Perform Quantitative Risk Analysis
Option 3: Perform Qualitative Risk Analysis
Option 4: Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis and Plan Risk Responses
Option 5:
The correct sequence of processes in the Risk management area is:
Option 1: Plan Risk Responses, Perform Qualitative Risk Analysis and Perform Quantitative Risk Analysis
Option 2: Perform Quantitative Risk Analysis, Perform Qualitative Risk Analysis and Plan Risk Responses
Option 3: Plan Risk Responses, Perform Quantitative Risk Analysis and Perform Qualitative Risk Analysis
Option 4: Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis and Plan Risk Responses
Option 5:
You are analyzing the risk in a project and decide to do Sensitivity analysis to determine which risks have the most potential impact on the project. You look at a tool to help compare the relative importance of variables that have a high degree of uncertainty to those that are more stable. One such tool is:
Option 1: S-tree analysis
Option 2: Lightning Curve
Option 3: Risk Curve
Option 4: Tornado Diagram
Option 5:
Acceptance is a strategy adopted because it is not possible to eliminate all risks from a project. This strategy indicates that the project management team has decided not to change the project management plan to deal with a risk. What action does passive acceptance require?
Option 1: Passive acceptance is no longer adopted in projects and is not an accepted strategy.
Option 2: Passive acceptance requires no action except to document the strategy and come up with a risk management strategy.
Option 3: Passive acceptance requires no action.
Option 4: Passive acceptance requires no action except to document the strategy.
Option 5:
At the beginning of the project, a project manager identified that the technical expertise in the team was limited, and that this was a risk to the project. Halfway into the project, the project manager felt that this was no longer a risk and considered it outdated. As part of which process, would the risk reassessment be done?
Option 1: Perform Qualitative Risk Analysis
Option 2: Perform Quantitative Risk Analysis
Option 3: Perform Risk Assessment
Option 4: Monitor and Control Risks
Option 5:
The sponsor and the project manager are discussing what type of contract the project manager plans to use on the project. The buyer points out that the performing organization spent a lot of money hiring a design team to come up with the design. The project manager is interested in seeing that the risk for the buyer be as small as possible. An advantage of a fixed price contract for the buyer is:
Option 1: There is little risk
Option 2: Risk is shared by all parties
Option 3: Cost Risk is Lower
Option 4: Cost Risk is Higher
Option 5:
A project manager is considering risk in a project. When does risk come into play in a project?
Option 1: During the SWOT (strengths, weaknesses, opportunities, and threats) analysis.
Option 2: During the Identify Risks phase.
Option 3: As soon as the Plan Risk Management phase begins
Option 4: As soon as a project is conceived
Option 5:
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