1. The process of determining which risks may affect the project and documenting their characteristics is

A. Assess Risks
B. Plan for Risks

C. Identify Risks

D. Plan Risk Responses
E. Monitor and Control Risks

2. Plan Risk Responses tools and techniques include:

A. Mitigate
B. Transfer
C. Exploit
D. A and B
E. All of the above.

3. Risk tolerance

A. is the willingness of organizations and stakeholders to accept varying degrees of risk.
B. is a concept that only applies to project management staff.
C. is very difficult to calculate before the project starts.
D. usually decreases after the project start date.
E. usually increases after the project start date.

4. All of the following are inputs to the Identify Risks process EXCEPT:

A. Risk management plan.
B. Scope baseline.
C. Work-around plan.
D. Quality management plan.

5. Quantitative risk analysis uses mathematical processes to completely eliminate problems introduced into risk management by subjective, human decisions.

A. True
B. False

6. A risk may be assigned a probability of occurrence equal to 0, 1.0 or any number in between.

A. True
B. False

7. The main output of the Identify Risks process is:

A. Risk register.
B. Expected monetary value of the risk events.
C. List of corrective actions. ```
D. Risk mitigation plan.

8. Outputs from the Plan Risk Responses process include all of the following EXCEPT:

A. Risk register updates.
B. Corrective actions.
C. Risk-related contract decisions.
D. Project management plan updates.

9. The objectives of Project Risk Management are to:

A. increase the probability and impact of positive events
B. decrease the probability and impact of negative events
C. increase the probability of positive events and eliminate all negative events
D. define "probability of risk" and accurately measure impacts
E. A and B

10. Failure Mode and Effects Analysis (FMEA) extends the risk severity matrix by including ____________ in the equation.

A. event probability
B. a statistical distribution of the impacts
C. a risk profile
D. ease of detection

E. probability of detection

Answer rating: 100% (QA)

1 D All of the above 2 B Activities likely to be i... View the full answer