PM - Chap 12

PM - Chap 12

University

17 Qs

quiz-placeholder

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PM - Chap 12

PM - Chap 12

Assessment

Quiz

Business

University

Practice Problem

Easy

Created by

Phan Trinh

Used 2+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The two major components of a risk are:

Time and cost

Uncertainty and impact

Quality and time

Cost and decision-making circumstances

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Risk management is normally performed by:

Developing contingency plans

Asking the customer for help

Asking the sponsor for help

Developing work-around situations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cause of a risk event is usually referred to as:

An opportunity

A hazard

An outcome

An unwanted surprise

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Acceptance, mitigation, and transfer are examples of risk ________:

Contingencies

Uncertainties

Expectations

Responses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which life-cycle phase would project uncertainty be the greatest?

Initiation

Planning

Execution

Closure

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which life-cycle phase would the financial risks of a project be the greatest?

Initiation

Planning

Execution

Closure

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identifying a risk as high, moderate, or low would be an example of which risk assessment?

Go-for-broke

Adverse

Qualitative

Quantitative

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