RMP - 4. RISK ANALYSIS
Authored by sudiyuwono wowo
Professional Development
1st Grade
Used 5+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Sara is the project manager for her organization. She has hired a subject matter expert to interview the project stakeholders on certain identified risks within the project. The subject matter expert will assess the risk event with what specific goal in mind:
To determine the level of probability of impact for each risk event.
To determine the validity of each risk event.
To determine the probability and cost of the risk event.
To determine the bias of the risk event based on each person interviewed.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following tools are used to identify the probability of achieving specifics cost targets?
Contingent response strategies.
Sensitivity analysis.
Monte Carlo analysis.
Decision tree analysis.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is a simulation where the project mode is computed many time with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?
Analogous modeling.
Monte Carlo Technique.
Expected Monetary Value.
Pareto modeling.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which project reserves should the project manager use to budget for known risks?
Sponsor reserve.
Contingency reserve.
Budget reserve.
Management reserve.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The project manager for project A was expecting the mobilization of critical equipment from another project, project B. However, a day before the mobilization was scheduled, another project manager notifies project A's project manager that the equipment would not be available for at least another month due to delayed activities for project B. This has jeopardized meeting a critical milestone for project A. How should project A's project manager avoid this situation in the future?
Request that the other project manager inform if any additional delays are expected.
Ask the other project manager to officially confirm the new date in writing.
Request that the other project manager be added to relevant reports.
Prepare a contingency response plan to implement when delays occur.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What type of reserve should be allocated for the risks that are identified but unclear. How can this risk be proactively managed?
Cost budget.
Management.
Budget.
Contingency.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A project management team has identified a large number of risks during its risk identification sessions. It was noticed that it would not have the time and resources to quantitatively analyze all of them. The team also agreed that not all of these risks would justify the effort necessary to dig deeply into them. What should the team do next?
Perform qualitative risk analysis to prioritize the risks.
Perform quantitative risk analysis to numerically analyze risks.
Implement agreed upon risk response plans.
Plan risk responses for each of the identified risks.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
