chap 11.prm

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

KPMG, a large consulting firm, did a study that found that _c___ percent of runaway projects did no risk management at all.

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-___B_ person.

• averse
• seeking
• neutral
• tolerant

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

• averse
• seeking
• neutral
• tolerant

A risk-__C__ person achieves a balance between risk and payoff.

• averse
• seeking
• neutral
• tolerant

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

• response
• identification
• monitoring
• planning

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

• Quantitative
• Qualitative
• Identifying
• Monitoring