CH 11 Project Management T/F
T/F: Brainstorming is a systematic, interactive forecasting procedure based on independent and anonymous input regarding future events
false
T/F: Risk events refer to specific, certain events that may occur to the detriment or enhancement of the project
false
T/F: The last step in project risk management is deciding how to address this knowledge area for a particular project by performing risk management planning
false
T/F: The lower the earned monetary value calculation for a project, the chances of project success is higher
false
T/F: The psychology literature shows that individuals, working alone, produce fewer ideas than the same individuals produce through brainstorming in small, face-to-face groups
false
T/F: Top Ten Risk Item Tracking is a quantitative risk analysis tool
false
T/F: Unknown risks can be managed proactively
false
T/F: A probability/impact matrix or chart lists the relative probability of a risk occurring on one side of a matrix or axis on a chart and the relative impact of the risk occurring on the other
true
T/F: A risk-seeking person prefers outcomes that are more uncertain and is often willing to pay a penalty to take risks
true
T/F: Contingency plans are predefined actions that the project team will take if an identified risk event occurs
true
T/F: Identified risks may not materialize, or their probabilities of occurrence or loss may diminish
true
T/F: Quantitative risk analysis need not be done for projects that are large and complex
true
T/F: The risk register can be created with a simple Microsoft Word or Excel file
true
T/F: Risks can have both negative and positive effects on meeting project objectives
true
T/F: The Delphi technique is a systematic, interactive forecasting procedure based on independent and anonymous input regarding future events
true
T/F: The Microsoft Solution Framework (MSF) includes a risk management model that includes developing and monitoring a top-ten master list of risks
true
T/F: The Monte Carlo analysis can predict the probability of finishing by a certain date or the probability that the cost will be equal to or less than a certain value
true