Question 1: Multiple choice Questions (5 Marks, 1 Mark each)

Choose the correct answer for each of the following multiple choice questions:

1. The risk is defined as:

1. An event that has a negative effect on the project
2. The chances that an uncertain event will occur
3. The chances that an event will negatively affect the project
4. The chances that an event will positively affect the project

2. Which of the followings is not considered as a structured approach conducted in risk identification meetings?

1. Gather all relevant data
2. Brainstorming
3. Nominal Group Technique
4. Delphi Technique

3. Which of the followings is not considered as a one of the broad categories of risk?

1. Market risk
2. People Risk
3. Business Risk
4. Technology risk

4. Brainstorming is a technique:

1. Used to derive a consensus among a panel of experts who make predictions about future developments
2. Is a technique by which a group attempts to generate by amassing ideas spontaneously and without judgment
3. Provides independent and anonymous input regarding future events
4. Uses repeated rounds of questioning and written responses and avoids the biasing effects

5. The Delphi technique is:

1. Used to derive a consensus among a panel of experts who make predictions about future developments
2. Is a technique by which a group attempts to generate by amassing ideas spontaneously and without judgment
3. A fact-finding technique for collecting information in face-to-face or phone
4. A simple visual representation of a decision problem