5055195
Description
Quiz by Ruben Lopez, updated more than 1 year ago
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Created by Ruben Lopez
over 8 years ago
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Question 1
Question
What is a tornado diagram used for?
Answer
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A It maps causes and effects of risks
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B It shows the probability of a tornado
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C It compares the relative importance of uncertain risk variables compared to those that are relatively stable
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D It shows the probability and impact of linked events
Question 2
Question
Mark is managing a project that has numerous related risks due to the interdependent nature of a complex technical product. During Identify Risks, the BEST diagramming tool or technique he should use would be:
Answer
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A A system or process flow chart.
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B An influence diagram.
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C An Ishikawa diagram.
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D The Delphi technique.
Question 3
Question
Which of the following is NOT an objective of the Control Risks process?
Answer
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A Determine if project assumptions are still valid
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B Determine if analysis shows an assessed risk has changed or can be retired
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C Determine if risk management policies are being followed
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D Determine methods to eliminate all residual risks
Question 4
Question
Where might you find studies of similar projects by risk specialists?
Answer
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A Risk register
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B Enterprise environmental factors
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C Project scope statement
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D Organizational process assets
Question 5
Question
You are mentoring an inexperienced project manager who has just finished listing and describing each of the risks to his project. As a NEXT step, you suggest grouping the risks into categories. Why?
Answer
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A To make the report easier to read
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B To determine the area of the project most exposed to risk (uncertainty)
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C To analyze the effect of identified risks on the overall project objectives
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D To determine the probability distribution
Question 6
Question
What technique reviews and documents effectiveness of risk response?
Answer
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A Risk audits
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B Interviews
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C Risk reassessment
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D Reserve analysis
Question 7
Question
A team member, Nomusa, is monitoring the training budget carefully because the team was not sure of the initial estimates. The documented risk response stipulates that he should request auxiliary funding when the actual expenses reach 85% of budgeted expenses. What is this type of response called?
Answer
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A Contingent response
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B Recommended preventive actions
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C Recommended corrective actions
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D Mitigation
Question 8
Question
Risk categories and standard templates for risk management can be found in the:
Answer
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A Project scope statement.
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B Enterprise environmental factors.
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C Project management plan.
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D Organizational process assets.
Question 9
Question
A diagram used to identify causes of risks is called a/an:
Answer
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A diagram used to identify causes of risks is called a/an:
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B Taguchi diagram.
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C Gantt diagram.
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D Fishbowl diagram.
Question 10
Question
Demetrius has suggested that you review your project's CPI and SPI values to help monitor risk. What technique is this?
Answer
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A Technical performance measurements
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B Variance and trend analysis
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C Risk audit
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D Reserve analysis
Question 11
Question
Which of the following is an objective of the Control Risks process?
Answer
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A To determine if project assumptions are still valid
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B To determine overall risk
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C To control scope change
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D To monitor schedule changes
Question 12
Question
The objective of the Perform Qualitative Risk Analysis process is to:
Answer
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A Prioritize risks for further analysis.
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B Document risk qualities.
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C Analyze risk effects.
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D Manage risks effectively.
Question 13
Question
Prototype development is an example of:
Answer
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A Risk mitigation.
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B Risk transference.
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C Risk acceptance.
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D Risk avoidance.
Question 14
Question
What tool and technique is used to investigate the potential effect of a risk on project objectives (such as time, cost, scope, or quality)?
Answer
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A Risk probability and impact assessment
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B Risk urgency assessment
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C Risk categorization
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D Assumption analysis
Question 15
Question
Inputs to Perform Quantitative Risk Analysis include all of the following EXCEPT:
Answer
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A Risk Register.
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B Stakeholder register.
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C Risk management plan.
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D Organizational process assets.
Question 16
Question
Your project has encountered an unplanned risk, and your team has identified a workaround that requires a change to the project management plan. What should you do NEXT?
Answer
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A Prepare a change request and submit it to the Perform Integrated Change Control process
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B Re-write the charter
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C Modify the project management plan
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D Update the schedule
Question 17
Question
You are helping Giovanni manage the risk management documents during execution of his very large construction project. Which of the following will you update?
Answer
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A Organizational process assets
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B Project charter
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C Scope statement
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D Budget
Question 18
Question
Your team is working on a risk management plan for your project. They have finished the Perform Qualitative Risk Analysis process and need to start quantitative risk analysis. Which of the following will NOT help them perform this task?
Answer
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A Process improvement plan
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B Risk register
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C Cost management plan
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D Risk management plan
Question 19
Question
__________ compare/compares technical accomplishments during project execution to the schedule of technical achievement.
Answer
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A Technical performance measurement
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B Performance reporting
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C Work performance reports
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D Risk audits
Question 20
Question
Your project involves new technology, team members from a recently acquired subsidiary and is globally distributed. You have had to implement several risk responses, and you're concerned about funding future risk responses. What tool should you use to check your funding level?
Answer
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A Technical performance measurements
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B Variance and trend analysis
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C Risk audit
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D Reserve analysis
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