Risk Management

Based on the following process, choose the CORRECT logical order for Project Management process.

• Initiating, planning, executing, monitoring and controlling, closing

• Planning, initiating, monitoring and controlling, executing, closing

• Planning, initiating, monitoring and controlling, executing, closing

• Planning, initiating, testing, executing, closing

Identify the category of affected risk based on the statement below:

“The competitive product marketed before the system is completed”

• Project risk

• Product risk

• Business risk

• Environment risk

Select the type of risk that affected the project schedule and resources.

• Project Risk

• Product Risk

• Business Risk

• Management Risk

Sort the correct risk management process in order.

i. Risk Planning

ii. Risk Analysis

iii. Risk Identification

iv. Risk Monitoring

• i, ii, iii, iv

• ii, i, iii, iv

• iii, ii, i, iv

• iii, i, ii, iv

Identify the important of risk management for software development project.

• Understand the impact these risk on the project

• Access probability and seriousness of each risk

• Uncertainty often exists in software development

• Avoid re-planning and project from scratch.

“Failure to meet agreed schedule; failure to clear reported defect”

Predict the risk type for above scenario.

• Estimation

• Technology

• Tools

• People

Many requirements change request is an example of potential indicator. Choose the risk management proses to check the assumption.

• Risk Analysis

• Risk Planning

• Risk Monitoring

• Risk Identification

Choose the BEST answer to represent the activities in Risk Analysis

• Identify project, product and business risk

• Assess the likehood and consequences of risk might occur.

• Draw up the action plan to minimize the effects of risk

• Review and check the risk assessment thought the project.

Analysis the probability of risk based on the situation below:

“The organization is restructured so the difference management are responsible for the project”

• Very Low

• Low

• Moderate

• High

_____requires determining the possible problem, or cause, of the risk.

• Risk identification

• Risk planning

• Risk assessment

• Risk monitoring and control