6) In risk identification, risks typically fall into many clusters or types. This cluster refers to a type of risk that impacts the project plan or activities within it. It is a broad cluster or type that seeks to confirm any unique circumstances that could have a negative impact on the project plan. This is called a _______ risk.

Select one:

a. Technical

b. Execution

c. Contractual / legal

d. Financial

7) One of the key steps in risk management is to analyze the probabilities and consequences. This includes developing a __________ matrix, which displays all identified risks, each prioritized based on probability of occurrence, and the potential consequences to the project. Choose the BEST answer.

Select one:

a. Risk

b. Risk impact

c. Impact / probability

d. Probability / consequence

8) Our author notes that resource management step 1 is develop the resource loading table, step 2 determining the activity late finish dates, and step 3, where we look for any points across the project baseline where resources have been allocated beyond the maximum resource level available.

Select one:

a. Resource loading

b. Resource allocation

c. Identify resource overallocation

d. Resource leveling

9) Project risk is based on this equation where Event Risk equals the risk event:

Select one:

a. Likelihood / consequence

b. Consequence / probability

c. Probability / consequence

d. Probability / likelihood

10) The following include the most common sources of project costs EXCEPT:

Select one:

a. Administration

b. Equipment and facilities

c. Labor

d. Materials