139 - Chapter 11-13
- 1._____________ is an uncertainty that can have a negative or positive effect on meeting project objectives.
- A.
Risk utility
- B.
Risk tolerance
- C.
Risk management
- D.
Risk
- 2.A person who is risk-_____________ receives greater satisfaction when more payoff is at stake and is willing to pay a penalty to take risks.
- A.
Averse
- B.
Seeking
- C.
Neutral
- D.
Aware
- 3.Which risk management process involves prioritizing risks based on their probability and impact of occurrence?
- A.
Planning risk management
- B.
Identifying risks
- C.
Performing qualitative risk analysis
- D.
Performing quantitative risk analysis
- 4.Your project involves using a new release of a common software application, but if that release is not available, your team has _____________ plans to use the current release.
- A.
Contigency
- B.
Fallback
- C.
Reserve
- D.
Mitigation
- 5.Which risk identification tool involves deriving a consensus among a panel of experts by using anonymous input regarding future events?
- A.
Risk breakdown structure
- B.
Brainstorming
- C.
Interviewing
- D.
Delphi technique
- 6.A risk _____________ is a document that contains results of various risk management processes, and is often displayed in a table or spreadsheet format.
- A.
Management plan
- B.
Register
- C.
Breakdown structure
- D.
Probability/impact matrix
- 7._____________ are indicators or symptoms of actual risk events, such as a cost overrun on early activities being a symptom of poor cost estimates.
- A.
Probabilities
- B.
Impacts
- C.
Watch list items
- D.
Triggers
- 8.Suppose there is a 30 percent chance that you will lose $10,000 and a 70 percent chance that you will earn $100,000 on a particular project. What is the project’s estimated monetary value?
- A.
-$30,000
- B.
$70,000
- C.
$67,000
- D.
-$67,000
- 9._____________ is a quantitative risk analysis tool that uses a model of a system to analyze its expected behavior or performance
- A.
Simulation
- B.
Sensitivity analysis
- C.
Monte Carlo analysis
- D.
EMV
- 10.Your project team has decided not to use an upcoming release of software because it might cause your schedule to slip. Which negative risk response strategy are you using?
- A.
Avoidance
- B.
Acceptance
- C.
Transference
- D.
Mitigation
- 11.What is the top reason for global outsourcing of IT services?
- A.
Cost reduction
- B.
A shortage of qualified personnel
- C.
Decreasing time to market
- D.
Increasing revenues
- 12.Your organization hired a specialist in a certain field to provide training for a short period of time. Which reason for outsourcing would this example fall under?
- A.
Reducing costs
- B.
Allowing the client organization to focus on its core business
- C.
Accessing skills and technologies
- D.
Providing flexibility
- 13.In which project procurement management process is an RFP often written?
- A.
Planning procurement management
- B.
Conducting procurements
- C.
Controlling procurements
- D.
Selecting sellers
- 14.An item you need for a project has a daily lease cost of $200. If you decide to purchase the item, the investment cost is $6,000 and the daily cost is $100. After how many days will the lease cost be the same as the purchase cost?
- A.
30
- B.
40
- C.
50
- D.
60
- 15.Which type of contract has the least amount of risk for the buyer?
- A.
Fixed-price
- B.
Cost plus incentive fee (CPIF)
- C.
Time and material
- D.
Cost plus fixed fee (CPFF)
- 16.The is the point at which the contractor assumes total responsibility for each additional dollar of contract cost.
- A.
Breakeven point
- B.
Share Ratio Point
- C.
Point of Reconciliation
- D.
Point of Total Assumption
- 17.If your college or university wanted to get information from potential sellers for providing a new sports stadium, what type of document would be required of the potential sellers?
- A.
RFP
- B.
RFQ
- C.
Proposal
- D.
Quote
- 18.Buyers often prepare a list when selecting a seller to make the process more manageable.
- A.
Preferred
- B.
Short
- C.
Qualified suppliers
- D.
BAFO
- 19.A proposal evaluation sheet is an example of a(n) .
- A.
RFP
- B.
NPV analysis
- C.
Earned value analysis
- D.
Weighted scoring model
- 20.Is a term used to describe various procurement functions that are now done electronically.
- A.
E-procurement
- B.
E-bay
- C.
E-commerce
- D.
EMV
- 21.Which knowledge area was first introduced in the PMBOK® Guide in 2012?
- A.
Project engagement management
- B.
Project consulting management
- C.
Project stakeholder engagement
- D.
Project stakeholder management
- 22.Suppliers and concerned citizens are examples of which type of stakeholders?
- A.
Internal
- B.
External
- C.
Supportive
- D.
Unsupportive
- 23.What type of information about stakeholders is not included in a stakeholder register?
- A.
Identification
- B.
Classification
- C.
Assessment
- D.
Engagement level
- 24.What type of grid can categorize stakeholders based on their level of authority and concern?
- A.
A power/interest grid
- B.
An authority/concern grid
- C.
An authority/interest grid
- D.
A resistance/support grid
- 25.One of your project stakeholders has a high amount of authority and a high amount of interest. How should you manage that relationship?
- A.
Keep informed
- B.
Keep satisfied
- C.
Manage closely
- D.
Monitor
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