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Question 1 of 28 0.0/ 0.

5 Points
_____ includes conducting risk management planning, identification, analysis, response planning, and
monitoring and control on a project.

A. Project risk management


B. Project risk response
C. Project risk planning
D. Project risk analysis
E. Project risk control
Question 2 of 28 0.5/ 0.5 Points
_____ is an uncertain event that, if it occurs, has a positive or negative effect on project objectives.

A. Risk management
B. Risk response
C. Project risk
D. Risk plan
E. Risk control
Question 3 of 28 0.5/ 0.5 Points
Identifying what you know, what you think you know, and things you need to find out would be activities
most closely associated with:

A. Learning Cycles
B. Brainstorming
C. Nominal Group Technique
D. Delphi Technique
E. Cause-and-Effect Diagrams
Question 4 of 28 0.5/ 0.5 Points
Gaining consensus from a group of experts would be most closely associated with:

A. Learning Cycles
B. Brainstorming
C. Nominal Group Technique
D. Delphi Technique
E. Cause-and-Effect Diagrams
Question 5 of 28 0.5/ 0.5 Points
Initial generation of ideas without evaluation would be most closely associated with:
A. Learning Cycles
B. Brainstorming
C. Nominal Group Technique
D. Delphi Technique
E. Cause-and-Effect Diagrams
Question 6 of 28 0.5/ 0.5 Points
_____ focuses on root-cause analysis and determining the cause of risks, as well as the effects of risks on the
project.

A. Learning Cycles
B. Brainstorming
C. Nominal Group Technique
D. Delphi Technique
E. Cause-and-Effect Diagrams
Question 7 of 28 0.5/ 0.5 Points
Receiving a much larger than usual gas utility bill because of an early spring cold spell is an example of what
type of risk?

A. known risk
B. known-unknown risk
C. unknown-unknown risk
D. known-known
E. none of these
Question 8 of 28 0.5/ 0.5 Points
_____ involves developing a probability distribution for understanding and responding to identified risks.

A. Plan Risk Management


B. Identify Risks
C. Perform Quantitative Risk Analysis
D. Plan Risk Responses
E. Monitor and Control Risks
Question 9 of 28 0.5/ 0.5 Points
_____ prioritizes risks so that an effective risk strategy can be formulated.

A. Risk mitigation
B. Risk assessment
C. Risk avoidance
D. Risk analysis
E. Risk monitoring and control
Question 10 of 28 0.5/ 0.5 Points
The Payoff Table would be used with which risk assessment technique ?

A. Qualitative Risk Analysis


B. Quantitative Risk Analysis
C. Cause-and- Effect Diagram
D. Simulations
E. Probability Distributions
Question 11 of 28 0.5/ 0.5 Points
Which of the following distributions has a mean which is equal to (a + 4b +c) / 6 where a, b, and c are
denote optimistic, most likely, and pessimistic estimates respectively?:

A. Discrete Distribution
B. Normal Distribution
C. PERT Distribution
D. Triangular Distribution
E. Binomial Distribution
Question 12 of 28 0.5/ 0.5 Points
_____ uses only integer or whole numbers, where fractional values are not allowed or would not make
sense.

A. Discrete Distribution
B. Normal Distribution
C. Pert Distribution
D. Triangular Distribution
E. Binomial Distribution
Question 13 of 28 0.5/ 0.5 Points
Which of the following distributions has a mean which is equal to (a +b +c) / 3 where a, b, and c denote
optimistic, most likely, and pessimistic estimates respectively?:

A. Discrete Distribution
B. Normal Distribution
C. Pert Distribution
D. Triangular Distribution
E. Binomial Distribution
Question 14 of 28 0.5/ 0.5 Points
_____ randomly generates specific values for a variable with a specific probability distribution.

A. Discrete Distribution
B. Normal Distribution
C. Pert Distribution
D. Monte Carlo Simulation
E. Binomial Distribution
Question 15 of 28 0.0/ 0.5 Points
_____determines how to deal with the occurrence of a risk.

A. risk identification
B. risk assessment
C. risk planning
D. risk monitoring and control
E. risk strategies
Question 16 of 28 0.0/ 0.5 Points
Reserves and contingency plans would be used in which risk strategy?

A. accept or ignore
B. avoidance
C. mitigation
D. transfer
E. none of these
Question 17 of 28 0.5/ 0.5 Points
Through _____, the project manager will scan the project environment to watch for risks as they may arise.

A. risk identification
B. risk assessment
C. risk planning
D. risk monitoring and control
E. risk strategies
Question 18 of 28 0.0/ 0.5 Points
_____ determines each identified risks probability of occurrence and impact on the project.

A. Risk mitigation
B. Risk assessment
C. Risk avoidance
D. Risk analysis
E. Risk monitoring and control
Question 19 of 28 0.5/ 0.5 Points
Once a risk is made known, _____ will execute the planned risk strategy.

A. risk identification
B. risk assessment
C. risk planning
D. risk response
E. risk strategies
Question 20 of 28 0.5/ 0.5 Points
_____ leads to lessons learned to determine how the risk was handled.

A. risk identification
B. risk assessment
C. risk planning
D. risk response
E. risk evaluation
Question 21 of 28 0.0/ 0.5 Points
The first step in managing IT project risk is _____.

A. risk identification
B. risk assessment
C. risk planning
D. risk monitoring and control
E. risk evaluation
Question 22 of 28 0.0/ 0.5 Points
_____ involves deciding which risks can impact the project.
A. Plan Risk Management
B. Identify Risks
C. Perform Quantitative Risk Analysis
D. Plan Risk Responses
E. Monitor and Control Risks
Question 23 of 28 0.0/ 0.5 Points
_____requires determining the true problem, or cause, of the risk.

A. risk identification
B. risk assessment
C. risk planning
D. risk monitoring and control
E. risk evaluation
Question 24 of 28 0.5/ 0.5 Points
In a normal distribution we would expect to find _______ of all values with in + or - 2 standard deviations of
the mean.

A. 13%
B. 34%
C. 68%
D. 95%
E. 99%
Question 25 of 28 0.0/ 0.5 Points
_____involves determining the likelihood and project impact of a risk.

A. risk identification
B. risk assessment
C. risk planning
D. risk monitoring and control
E. risk evaluation
Question 26 of 28 0.5/ 0.5 Points
A structured technique for identifying risks which requires participants to rank and prioritize ideas in round-
robin fashion is most closely associated with:

A. Learning Cycles
B. Brainstorming
C. Nominal Group Technique
D. Delphi Technique
E. Cause-and-Effect Diagrams
Question 27 of 28 0.0/ 0.5 Points
A _____ is a structured tool that identifies risks that have occurred in the past.

A. learning cycle
B. brainstorming session
C. Nominal Group Technique
D. Delphi Technique
E. checklist
Question 28 of 28 0.5/ 0.5 Points
A _____ identifies threats and opportunities in the external environment as well as organizational strengths
and weaknesses .

A. Learning Cycle
B. SWOT Analysis
C. Nominal Group Technique
D. Delphi Technique
E. Checklist

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