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Chap 007
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224818618-Chap-007
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11. A list of questions that address traditional areas of uncertainty on a project is termed ariskA. Risk profileB. QuestionnaireC. ResearchD. QueryE. Checklist
12. Which of the following is typically included in risk profiles?
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13. All of the following are included in the risk identification process except
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Chapter 07 - Managing Risk14. One of the keys to success in risk identification is
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15. The easiest and most commonly used technique for analyzing risks is _____ analysis.A. ProbabilityB. ScenarioC. PaybackD. Risk/rewardE. Impact
16. A risk profile is a list of questions that address traditional areas of uncertainty on a projectthat answers developed from:
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17. The risk management tool that is divided into three color-coded zones representing major,moderate, and minor risks is the risk
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Chapter 07 - Managing Risk18. The risk assessment form contains all of the following except
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19. The two scales of a risk severity matrix measureA. Time, costB. Cost, scheduleC. Impact, costD. Time, impactE. Likelihood, impact
20. Which of the following is not one of the probability analysis tools?
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21. This risk assessment tool is a variation of the risk severity matrix that includes the ease ofdetection for each of the identified risks.
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Chapter 07 - Managing Risk
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An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objectives is termed. A) Random chance B) A disaster C) Risk D) Hazard E) Bad luck
The cost impact of a risk event occurring as a project proceeds through its life cycle tends to A) Slowly rise B) Drop sharply and then level out C) Rise sharply and then level out D) Remain about the same E) Slowly drop
Which of the following is not one of the steps in the risk management process? A) Risk response development B) Risk assessment C) Risk identification D) Risk tracking E) Risk response control
One common mistake made early in the risk identification process is A) Not all possibilities are considered B) Participants are over-optimistic C) Participants are over-pessimistic D) Focus on objectives and not on the events that could produce consequences. E) Too much attention is given to past events
D) Focus on objectives and not on the events that could produce consequences.
The 1999 NASA Mars Climate Orbiter is an example of A) Disaster avoidance through proactive risk management B) Murphy's Law C) Proper use of critical thinking D) Mismanaged risk control E) Using historical records to assess risk
D) Mismanaged risk control
A list of questions that address traditional areas of uncertainty on a project is termed a risk A) Profile B) Questionnaire C) Research D) Query E) Checklist
All of the following are included in the risk identification process except A) Customers B) Subcontractors C) Competitors D) Vendors E) None of these are included
The easiest and most commonly used technique for analyzing risks is _____ analysis. A) Probability B) Scenario C) Payback D) Risk/reward E ) Impact
A risk profile is a list of questions that address traditional areas of uncertainty on a project that answers developed from: A) When the event might occur in the project B) Chances of the event occurring C) Interaction with other parts of the project or with other projects D) From previous, similar projects E) Magnitude or severity of the event's impact
D) From previous, similar projects
The risk assessment form contains all of the following except A) Likelihood of the risk event occurring B) Potential impact of the risk event C) Who will detect the occurrence of the risk event. D) Difficulty of detecting the occurrence of the risk event E) When the risk event may occur
C) Who will detect the occurrence of the risk event.
Which of the following is not one of the probability analysis tools? A) Ratio/range analysis B) Decision tree C) PERT simulation D) PERT E) All of these are probability analysis tools
The demolition of the Seattle Kingdome (Snapshot from Practice) is an example of which of the following? A) Mitigating B) Retaining C) Ignoring D) Transferring E) Sharing
Technical risks are: A) Often the kind that can cause the project to be shut down. B) Problematic C) Imposed duration dates D) Both A and B are correct E) A, B, and C are all correct
D) Both A and B are correct
Detailing all identified risks, including descriptions, category, and probability of occurring, impact, responses, contingency plans, owners and current status is called: A) Management reserves B) Change control C) Contingency reserves D) Risk register E) Risk profiles
Change management systems are designed to accomplish all of the following except: A) Track all changes that are to be implemented B) Review, evaluates, and approve/disapprove proposed changes formally C) Identify expected effects of proposed changes on schedule and budget D) Reflect scope changes in baseline and performance measures E) All of the above are correct
E) All of the above are correct