Question 1 1. Earned value measurement is a technique: Answer Suitable for risk

Question

Question 1

1.       

Earned value measurement is a technique:

Answer

Suitable for risk monitoring and control

Unsuitable for risk monitoring and control

Suitable for risk monitoring but unsuitable for control

Unsuitable for risk monitoring but suitable for control

Question 2

1.       

Monte Carlo simulation is a technique used as part of:

Answer

Risk identification

Risk assessment

Risk monitoring and control

Risk handling

Question 3

1.       

Nominal work groups and the Delphi Techniques are used as part of which risk management process?

Answer

Risk identification

Risk assessment

Risk monitoring and control

Risk handling

Question 4

1.       

An objective source for risk identification is:

Answer

Lessons learned files

Program documentation evaluations

Current performance data

All of the above

Question 5

1.       

If there%u2019s a 40% chance of making $1 million and a 60% chance of losing $600,000, then the expected monetary outcome is.

Answer

<$400,000>

<$40,000>

$360,000

<$360,000>

Question 6

1.       

Proper risk management is:

Answer

Reactive rather than proactive

Proactive rather than reactive

Achievable only by reliance on Monte Carlo simulation

Evidenced by the use of the Delphi Technique

Question 7

1.       

In which life cycle phase is the total project risk generally the least?

Answer

Initiation / Approval

Planning

Execution

Closure

Question 8

1.       

The process that identifies, evaluates, selects and implements one or more strategies to set risk at an acceptable level is:

Answer

Risk planning

Risk assessment

Risk handling

Risk monitoring and control

Question 9

1.       

Risk mitigation or control:

Answer

Does not eliminate a risk but seeks to reduce it without altering the requirements.

Eliminates a risk by reducing it without altering the requirements.

Eliminates a risk by changing the requirements

Eliminates a risk by reducing the requirements

Question 10

1.       

A technique that uses a series of probability distributions and then transforms them into various risks is called:

Answer

Probability estimating

Monte Carlo simulation

Estimating simulation

Black box analysis

Explanation / Answer

1. Earned value measurement is a technique: Answer Suitable for risk monitoring and control ======================================================================================================================================================================================== Question 2 1. Monte Carlo simulation is a technique used as part of: Answer Risk assessment ======================================================================================================================================================================================== Question 3 1. Nominal work groups and the Delphi Techniques are used as part of which risk management process? Answer Risk identification ======================================================================================================================================================================================== Question 4 1. An objective source for risk identification is: All of the above ======================================================================================================================================================================================== Question 5 1. If there%u2019s a 40% chance of making $1 million and a 60% chance of losing $600,000, then the expected monetary outcome is. Answer ======================================================================================================================================================================================== Question 6 1. Proper risk management is: Answer Proactive rather than reactive ======================================================================================================================================================================================== Question 7 1. In which life cycle phase is the total project risk generally the least? Answer closure ======================================================================================================================================================================================== Question 8 1. The process that identifies, evaluates, selects and implements one or more strategies to set risk at an acceptable level is: Answer Risk handling ======================================================================================================================================================================================== Question 9 1. Risk mitigation or control: Answer Eliminates a risk by reducing it without altering the requirements. ======================================================================================================================================================================================== Question 10 1. A technique that uses a series of probability distributions and then transforms them into various risks is called: Answer Monte Carlo simulation

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.