MGS425 - Chapter 11, 13

2. Unknown risks can be managed proactively. a. True b. False

False

3. Project stakeholder management is completely unrelated to communications and resource management. a. True b. False

False

5. The main output of the identifying stakeholders process is the project charter. a. True b. False

False

1. Risks can have both negative and positive effects on meeting project objectives. a. True b. False

True

4. Contingency plans are predefined actions that the project team will take if an identified risk event occurs. a. True b. False

True

7. Which is true about identifying stakeholders? (tophatFookup) a. Which is true about identifying stakeholders? b. It is not very difficult to identify stakeholders. c. Stakeholders with indirect ties to the project need not be engaged with. d. Stakeholders do not change during a project

a. Which is true about identifying stakeholders?

9. Which process involves determining what risks are likely to affect a project and documenting the characteristics of each? a. identifying risks b. planning risk management c. performing qualitative risk analysis d. performing quantitative risk analysis

a. identifying risks

10. Which process involves prioritizing risks based on their probability and impact of occurrence? a. performing qualitative risk analysis b. identifying risks c. planning risk responses d. performing quantitative risk analysis

a. performing qualitative risk analysis

14. Identifying risks is a subprocess of the _____ process of project risk management. a. planning b. executing c. monitoring and controlling d. closing

a. planning

15. Which action involves eliminating a specific threat, usually by eliminating its causes? a. risk avoidance b. risk acceptance c. risk transference d. risk mitigation

a. risk avoidance

2. Purchasing insurance would be considered what type of negative risk response? a. Risk avoidance. b. Risk transference. c. Risk acceptance. d. None of the above.

b. Risk transference.

6. What process involves deciding how to approach and plan the risk management activities for the project? a. identifying risks b. planning risk management c. performing qualitative risk analysis. d. performing quantitative risk analysis

b. planning risk management

11. _____ are predefined actions that the project team will take if an identified risk event occurs. a. Secondary risks b. Workarounds c. Contingency plans d. Management reserves

c. Contingency plans

1. Using a cutting-edge technology that was released for general availability 12 months ago could be considered what type of risk? a. Market. b. Financial. c. Technology. d. None of the above.

c. Technology.

12. Unenforceable conditions or contract clauses and adversarial relations are risk conditions associated with the project _____ management knowledge area. a. integration b. quality c. procurement d. human resources

c. procurement

13. Which is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions? a. brainstorming b. Monte Carlo analysis c. the Delphi technique d. interviewing

d. interviewing

8. A(n) _____ is a tool used to document, monitor, and track problems that need resolution. a. requirements traceability matrix b. Gantt chart c. power/interest grid d. issue log

d. issue log