Multiple Choice Questions Over a project, more risks are typically uncovered ear
ID: 337517 • Letter: M
Question
Multiple Choice Questions
Over a project, more risks are typically uncovered early in the lifecycle with less cost per risk while risks discovered late in the project can be
More expensive
Less expensive
Largely ignored
None of the above
Which of the following risk categories could be used when identifying which project objective may be impacted?
Cost, schedule, scope
Engagement, culture, operations
Project planning, accountability, resilience
All of the above
Which of the following criteria would help select a suitable quantitative risk analysis technique?
Explicit team knowledge
Clear and open communication
Project cost and schedule contingency
All the above
Expected monetary value (EMV) is commonly used within which type of analysis?
Root cause
Decision tree
Monte Carlo
Cost/Benefit
Avoid risks, mitigate risks, accept risks and ________ are all strategies for responding to negative risks (threats)
Enhance risk
Prevent risk
Transfer risk
Share risk
While all projects use__________ risk analysis, ___________risk analysis is only used when needed and sufficient data is available
Quantitative, qualitative
Qualitative, quantitative
Proactive, qualitative
Appropriate, targeted
A ‘research’ project risk treatment strategy is commonly associated with
Threats
Opportunities
Threats and opportunities
None of the above
The benefit of the risk score/scale is to
Prioritise risk
Ensure all risks are considered
Confirm risk identification accuracy
Document the quantitative risk analysis
A risk register is updated
Once
Only when a new risk appears
Regularly
Never after it has been created
A probability and impact matrix is a grid for mapping
Combinations of probability and impact
Definitions for probability and impact
Different risk categories
Risk identified in the project
Over a project, more risks are typically uncovered early in the lifecycle with less cost per risk while risks discovered late in the project can be
More expensive
Less expensive
Largely ignored
None of the above
Which of the following risk categories could be used when identifying which project objective may be impacted?
Cost, schedule, scope
Engagement, culture, operations
Project planning, accountability, resilience
All of the above
Which of the following criteria would help select a suitable quantitative risk analysis technique?
Explicit team knowledge
Clear and open communication
Project cost and schedule contingency
All the above
Expected monetary value (EMV) is commonly used within which type of analysis?
Root cause
Decision tree
Monte Carlo
Cost/Benefit
Avoid risks, mitigate risks, accept risks and ________ are all strategies for responding to negative risks (threats)
Enhance risk
Prevent risk
Transfer risk
Share risk
While all projects use__________ risk analysis, ___________risk analysis is only used when needed and sufficient data is available
Quantitative, qualitative
Qualitative, quantitative
Proactive, qualitative
Appropriate, targeted
A ‘research’ project risk treatment strategy is commonly associated with
Threats
Opportunities
Threats and opportunities
None of the above
The benefit of the risk score/scale is to
Prioritise risk
Ensure all risks are considered
Confirm risk identification accuracy
Document the quantitative risk analysis
A risk register is updated
Once
Only when a new risk appears
Regularly
Never after it has been created
A probability and impact matrix is a grid for mapping
Combinations of probability and impact
Definitions for probability and impact
Different risk categories
Risk identified in the project
Explanation / Answer
Multiple Choice Questions
Over a project, more risks are typically uncovered early in the lifecycle with less cost per risk while risks discovered late in the project can be
More expensive
Less expensive
Largely ignored
None of the above
Which of the following risk categories could be used when identifying which project objective may be impacted?
Cost, schedule, scope
Engagement, culture, operations
Project planning, accountability, resilience
All of the above
Which of the following criteria would help select a suitable quantitative risk analysis technique?
Explicit team knowledge
Clear and open communication
Project cost and schedule contingency
All the above
Expected monetary value (EMV) is commonly used within which type of analysis?
Root cause
Decision tree
Monte Carlo
Cost/Benefit
Avoid risks, mitigate risks, accept risks and ________ are all strategies for responding to negative risks (threats)
Enhance risk
Prevent risk
Transfer risk
Share risk
While all projects use__________ risk analysis, ___________risk analysis is only used when needed and sufficient data is available
Quantitative, qualitative
Qualitative, quantitative
Proactive, qualitative
Appropriate, targeted
A ‘research’ project risk treatment strategy is commonly associated with
Threats
Opportunities
Threats and opportunities
None of the above
The benefit of the risk score/scale is to
Prioritise risk
Ensure all risks are considered
Confirm risk identification accuracy
Document the quantitative risk analysis
A risk register is updated
Once
Only when a new risk appears
Regularly
Never after it has been created
A probability and impact matrix is a grid for mapping
Combinations of probability and impact
Definitions for probability and impact
Different risk categories
Risk identified in the project
Over a project, more risks are typically uncovered early in the lifecycle with less cost per risk while risks discovered late in the project can be
More expensive
Less expensive
Largely ignored
None of the above
Which of the following risk categories could be used when identifying which project objective may be impacted?
Cost, schedule, scope
Engagement, culture, operations
Project planning, accountability, resilience
All of the above
Which of the following criteria would help select a suitable quantitative risk analysis technique?
Explicit team knowledge
Clear and open communication
Project cost and schedule contingency
All the above
Expected monetary value (EMV) is commonly used within which type of analysis?
Root cause
Decision tree
Monte Carlo
Cost/Benefit
Avoid risks, mitigate risks, accept risks and ________ are all strategies for responding to negative risks (threats)
Enhance risk
Prevent risk
Transfer risk
Share risk
While all projects use__________ risk analysis, ___________risk analysis is only used when needed and sufficient data is available
Quantitative, qualitative
Qualitative, quantitative
Proactive, qualitative
Appropriate, targeted
A ‘research’ project risk treatment strategy is commonly associated with
Threats
Opportunities
Threats and opportunities
None of the above
The benefit of the risk score/scale is to
Prioritise risk
Ensure all risks are considered
Confirm risk identification accuracy
Document the quantitative risk analysis
A risk register is updated
Once
Only when a new risk appears
Regularly
Never after it has been created
A probability and impact matrix is a grid for mapping
Combinations of probability and impact
Definitions for probability and impact
Different risk categories
Risk identified in the project
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