Deck 11: Project Management and Risk Analysis

Question 1

Supplier risk is highest with ___________.

A)Cost plus incentives fee.
B)Cost sharing.
C)Firm fixed price contract.
D)Fixed price plus incentives.

Answer 1

Firm fixed price contract.

Question 2

You have just completed Qualitative Risk Analysis of the project. What should you be doing next?

A)Plan Risk Management
B)Perform Quantitative Risk Analysis
C)Plan Risk Responses
D)Control Risks

Answer 2

Perform Quantitative Risk Analysis

Question 3

Risk Management Plan may include

A)Budgeting, Timing, Thresholds, Methodology
B)Risks, Triggers, Inputs to other processes
C)Avoided, Transferred, Mitigated and Accepted Risks
D)Risk Response Audits, Earned Value Analysis, Technical Performance Measurement

Answer 3

Budgeting, Timing, Thresholds, Methodology

Question 4

Reserve analysis is NOT a Tool/Technique in which of the following processes?

A)Cost Estimation
B)Activity Duration estimation
C)Cost Budgeting
D)Activity Resource Estimation

Question 5

Which of the following is not a tool or technique used during the Risk Quantification Process?

A)Risk Categorization
B)Contingency planning
C)Probability and Impact Matrix
D)Risk Data Quality Assessment

Question 6

Risk management is responsibility of the

A)Customer
B)Investor
C)Developer
D)Project team

Question 7

What is associated with product risk?

A)Control of test item
B)Negative consequences
C)non-availability of test environment
D)Test object

Question 8

Assembling project team and assigning their responsibilities are done during which phase of a project management?

A)Initiation
B)Planning
C)Execution
D)Closure

Question 9

The basic nature of a project is a/an _____ one.

A)permanent
B)temporary
C)(A) or (B)
D)Both (A) and (B)

Question 10

The structure of a project will vary depending on the _________to provide.

A)benefits it is intended
B)Structure
C)Schedule
D)Assignment

Question 11

A process that involves continuously improving and detailing a plan as more detail become available is termed as

A)project analysis
B)project enhancing
C)progressive deliberation
D)progressive elaboration

Question 12

A program is usually a group of

A)plans
B)people and work
C)related projects
D)unrelated projects

Question 13

Which from the following statement(s) is/are NOT true?
I. Projects have defined objectives
II. Programs have a larger scope than projects
III. The projects and programs in a portfolio must be directly related

A)I only
B)II only
C)III only
D)II and III only

Question 14

Projects management is divided in _____ process groups.

A)5
B)7
C)9
D)11

Question 15

____________are avoided by providing more tangible and objective results troughout the life cycle.

A)Adversarial stakeholder relationship
B)Documents
C)Preview
D)risk resolution

Question 16

.If any one factor of a project changes, _____ other factor(s) is/are likely to be affected.

A)all
B)one
C)at least one
D)at most one

Question 17

Business Value =

A)Tangible Elements
B)Intangible Elements
C)Tangible Elements - Intangible Elements
D)Tangible Elements + Intangible Elements

Question 18

Which from the following is NOT a tangible element?

A)Fixtures
B)Trademarks
C)Monetary assets
D)Stockholder equity

Question 19

A horizontal bar chart that shows project tasks against a calendar is called

A)milestone
B)goal
C)Gantt chart
D)PERT chart

Question 20

Which from the following represents the correct project cycle?

A)Planning?Initiating?Executing?Closing
B)Planning?Executing?Initiating?Closing
C)Initiating?Planning?Executing?Closing
D)Initiating?Executing?Planning?Closing

Question 21

The strategy used to correct resource over-allocations by balancing demand for resources and the available supply is known as

A)resource assignment
B)resource leveling
C)resource splitting
D)resource scheduling

Question 22

The statistical tool that depicts a project's tasks and the relationships between those tasks is known as

A)milestone
B)goal
C)Gantt chart
D)PERT chart

Question 23

Which of the following is NOT a part of project management?

A)initiating
B)monitoring
C)closing
D)All above are parts

Question 24

The scope of the work is defined in which phase of the project management?

A)Initiating
B)Planning
C)Executing
D)Closing