Software Engineering and Risk Management Quiz

What is the definition of risk in software engineering?

• Future certain events with no potential for loss

• Future uncertain events with a probability of occurrence and potential for loss

• Events that have already occurred

• Events that are guaranteed to happen

What is the primary goal of risk management?

• To eliminate all risks completely

• To increase the budget of the project

• To prevent something bad from happening to your software project

• To ensure all software projects are completed on time

Which type of software engineer corrects problems as they occur?

• Strategic software engineer

• Preventive software engineer

• Reactive software engineer

• Proactive software engineer

What is the first step in the risk management process?

• Analyze/Assess

• Track & Control

• Plan

• Identify

What does risk monitoring and control involve?

• Eliminating all risks

• Only identifying new risks

• Identifying, analyzing, and planning for newly discovered risks

• Only analyzing existing risks

What is included in a Risk Register?

• A list of team members

• Only the highest priority risks

• A comprehensive risk listing for the project

• Only risks that have been resolved

What is the purpose of a Risk Management Plan?

• To eliminate all risks

• To provide details about how to approach and manage project risk

• To schedule team meetings

• To track project expenses

Which of the following is a method to evaluate potential points of failure?

• Risk Register

• SWOT Analysis

• Risk Matrix

• Failure Mode and Effects Analysis (FMEA)

What does the Risk Matrix help with?

• Visualizing and prioritizing risks based on likelihood and impact

• Identifying new risks

• Eliminating all risks

• Creating a budget for the project

What is the maximum value of risk exposure indicative of?

• A risk that has already been resolved

• An issue that can be ignored

• A problem that needs to be solved as soon as possible

• A low priority issue