Project Risk Management (Chapter 11)

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Which action involves changing the size of the opportunity by identifying and maximizing key drivers of the positive risk?

risk enhancement

Which document contains results of various risk management processes; it is often displayed in a table or spreadsheet format?

risk register

Which action involves shifting the consequence of a risk and responsibility for its management to a third party?

risk transference

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

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

The risk register can be created with a simple Microsoft Word or Excel file.

True

Top Ten Risk Item Tracking is a quantitative risk analysis tool.

True

_____ are unplanned responses to risk events used when project teams do not have contingency plans in place.

Workarounds

Which is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions?

interviewing

What process involves deciding how to approach and plan the risk management activities for the project?

planning risk management


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