William Ibbs and Young H. Kwak performed a study to assess project management ____.

• maturity

• development

• progress

• implementation

In the study performed by Ibbs and Kwak, the only knowledge area for which all ratings were less than 3 was ____ management.

• procurement

• human resources

• cost

• risk

WBS stands for the Work ____ Structure

• Bulletin

• Background

• Breakdown

• Building

The possibility of loss or injury is called ____.

• procurement

• damage

• risk

• scope

____ is an activity undertaken to lessen the impact of potentially adverse events on a project

• Human resources development

• Risk management

• Communications marketing

• Procurement management

Risk utility rises at a decreasing rate for a risk-____ person

• averse

• seeking

• neutral

• tolerant

Those who are risk-____ have a higher tolerance for risk, and their satisfaction increases when more payoff is at stake.

• averse

• seeking

• neutral

• tolerant

Risk management ____ involves deciding how to approach and plan the risk management activities for the project

• response

• identification

• monitoring

• planning

A risk-____ person achieves a balance between risk and payoff

• tolerant

• neutral

• averse

• seeking

____ risk analysis involves measuring the probability and consequences of risks and estimating their effects on project objectives.

• Identifying

• Monitoring

• Quantitative

• Qualitative