The process of assessing the probability and consequences of identified risks to the

project objectives, assigning a risk score to each risk, and creating a list of prioritized risks

describes which of the following processes? 

A. Quantitative Risk Analysis

B. Risk Identification

C. Qualitative Risk Analysis

D. Risk Management Planning

1 Answer

Answer :

C. Qualitative Risk Analysis

Related questions

Description : During which stage of Risk planning are risks prioritized based on probability and impact? a. Identify Risks b. Plan Risk responses c. Perform Qualitative risk analysis d. Perform Quantitative risk analysis

Last Answer : c. Perform Qualitative risk analysis

Description : During which stage of Risk planning are risks prioritized based on probability and impact? a. Identify Risks b. Plan Risk responses c. Perform Qualitative risk analysis d. Perform Quantitative risk analysis

Last Answer : c. Perform Qualitative risk analysis

Description : Monte Carlo analysis can help predict the impact of risks on project deliverables.  This is an element of one of the tools and techniques of which of the following processes? A. Risk Response Planning B. Quantitative Risk Analysis C. Risk Identification D. Qualitative Risk Analysis

Last Answer : B. Quantitative Risk Analysis

Description : Which of the following processes assesses the likelihood of risk occurrences and their consequences using a numerical rating? A. Qualitative Risk Analysis B. Risk Identification C. Quantitative Risk Analysis D. Risk Response Planning

Last Answer : C. Quantitative Risk Analysis

Description : Which of the following statements about risk is true? Select one: a. Project risk focuses on identifying, assessing, and eliminating the risks on the project. b. Risk management is all ... are no risk-free projects. e. Risk management involves identification, evaluation, and elevation of risk

Last Answer : d. There are no risk-free projects.

Description : Once the project is approved and moves into the planning stage, what  happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Description : All of the following are true regarding the Qualitative Risk Analysis process except  which one?  A. Probability and impact and expert interview are used to help correct biases that occur  in the data ... of this process used to determine  which risks need near-term response plans.

Last Answer : C. Qualitative Risk Analysis is an easy method of determining risk probability and  impact that usually takes a good deal of time to perform.

Description : Complete the following statement. As the project progresses into the  execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on ... risk breakdown structure needs to be examined to be sure all the risk events have  been avoided.

Last Answer : a. risks need to be checked off on activities that have been performed.

Description : Each of the following statements is true regarding the risk management plan except  for which one?  A. The risk management plan is an output of the Risk Management Planning process. B. The risk ... and budgets. D. The risk management plan is an input to all the remaining risk-planning processes.

Last Answer : B. The risk management plan includes a description of the responses to risks and  triggers.

Description : All of the following statements are true regarding risk events except which one?  Choose the least correct answer. A. Project risks are uncertain events.  B. If risks occur, they can ... that have more perceived rewards to the organization than the consequences of  the risk should be accepted.

Last Answer : C. Unknown risks are threats to the project objectives, and nothing can be done to  plan for them.

Description : While assessing your project processes, you have identified some  uncontrolled process variations. Which of the following would be the  appropriate chart you may use for this purpose? Select one: a. Pareto diagram b. PERT chart c. Control chart d. HR personnel chart e. Critical path

Last Answer : c. Control chart

Description : The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that ... responses to the project risks. d. identify and describe risks that have occurred on previous projects.

Last Answer : b. identify and describe all risks that might occur on the project.

Description : The main outcome of risk identification, in a risk management process, is to:  a. identify and determine the relative importance of the project risks.  b. identify and describe all risks that ... to the project risks.  d. identify and describe risks that have occurred on previous projects.

Last Answer : b. identify and describe all risks that might occur on the project.

Description : The process of assigning values for the time and effort needed to perform a system  project is called _____.  a. analysis  b. estimation  c. identifying  d. planning

Last Answer : b. estimation

Description : Once the project is approved and moves into the planning stage, what happens  in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Description : All of the following statements are true regarding risks except for which one? Choose the least correct answer.  A. Risks might be threats to the objectives of the project.  B. Risks are ... Risks might be opportunities to the objectives of the project.  D. Risks have causes and consequences.

Last Answer : B. Risks are certain events that may be threats or opportunities to the objectives of  the project

Description : The main purpose of the Project Management Plan is to: a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk of  alternative options. b. ensure ... the  project. d. document the outcome of the risk, change and configuration management processes.

Last Answer : c. document the outcomes of the planning process and provide the reference document for managing the  project.

Description : The main purpose of the Project Management Plan is to:  a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk  of alternative options.  b ... managing the project. d. document the outcome of the risk, change and configuration management processes.

Last Answer : c. document the outcomes of the planning process and provide the reference document for  managing the project.

Description : )The total amount of risk that is calculated for a project is found by 1. Multiplying the sum of each the risk times the amount at stake 2. Calculating the cumulative sum of the probability for ... 3. Cannot be calculated since all risks are not know  4. The amount of project reserves available

Last Answer : 2. Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events

Description : According to the PMBOK Guide, the project manager is identified and assigned  during which process?  A. Prior to beginning the Develop Project Charter process B. At the conclusion of the ... . Prior to beginning the Planning processes D. Prior to beginning the Preliminary Scope Statement process

Last Answer : C. Prior to beginning the Planning processes

Description : Assembling project team and assigning their responsibilities are done during which phase of a  project management? (A) Initiation (B) Planning (C) Execution (D) Closure

Last Answer : A) Initiation

Description : BT is involved in a process of assessing marketing opportunities and resources, determining marketing objectives, and developing a plan for implementation and control, then BT is involved in A)strategic analysis. B)marketing planning. C)marketing management. D)marketing. E)market organisation

Last Answer : B)marketing planning.

Description : Andrew has joined as the Project Manager of a project. One of the project documents available to Andrew lists down all the risks in a hierarchical fashion. What is this document called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.

Last Answer : d. Risk Breakdown Structure.

Description : Andrew has joined as the Project Manager of a project. One of the project documents  available to Andrew lists down all the risks in a hierarchical fashion. What is this document  called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.

Last Answer : d. Risk Breakdown Structure.

Description : The main aim of a project risk management process should be to: a. identify project risks and then manage them appropriately. b. identify all project risks and transfer them immediately. c ... are threats or opportunities on a project. d. satisfy the organization's project management process.

Last Answer : a. identify project risks and then manage them appropriately.

Description : The main aim of a project risk management process should be to:  a. identifies project risks and then manage them appropriately.  b. identify all project risks and transfer them immediately.  ... are threats or opportunities on a project.  d. satisfy the organisation's project management process.

Last Answer : a. identifies project risks and then manage them appropriately.

Description : The third stage of Resource Planning involves ? (a) Identification and inventory of resources. (b) Matching the resource development plan with overall National Development plan. (c) ... with appropriate technology. (d) Qualitative and quantitative estimation and measurement of the resources.

Last Answer : (b) Matching the resource development plan with overall National Development plan.

Description : _____ is the process of planning and controlling the development of a system within a  specified time frame at a minimum cost with the right functionality.  a. Project management  b. Symantic timeline  c. Task identification  d. Time estimation  e. Work plan

Last Answer : a. Project management

Description : The first step in planning a marketing research project is : 1. conducting a cost / benefit analysis 2. searching the environment 3. defining and locating problems 4. assessing organization resources 5. defining goals and objectives

Last Answer : defining and locating problems

Description : The first step in planning a marketing research project is: A)conducting a cost/benefit analysis B)searching the environment C)defining and locating problems D)assessing organisation resources E)defining goals and objectives

Last Answer : C)defining and locating problems

Description : The primary components of the quality management function are : 1. quality planning  2. quality control and assurance  3. quantitative measurement  4. quantitative assessment of the project

Last Answer : 5. a and b

Description : Complete the following statement. The method of incorporating change into  project planning and execution processes is called the: Select one: a. project logic diagram. b. change management process. c. milestone schedule d. critical path e. rough order of magnitude

Last Answer : b. change management process.

Description : The Three attributes of project risk are _________, ___________ and ___________. 1. What might happen, who it happens to, and how much will it cost  2. Notification, frequency of relevant events, ... planning, total number of risk events 5. Risk event, probability occurrence, the amount at stake

Last Answer : 5. Risk event, probability occurrence, the amount at stake

Description : What is the first step in developing a risk management plan? Select one: a. Analyze the risks. b. Estimate the likelihood of the risks occurring. c. Identify potential project risks. d. Develop a risk mitigation plan. e. Estimate the potential impact of risk on the project goals.

Last Answer : c. Identify potential project risks.

Description : What is the most critical aspect in developing a project plan that meets project  specifications within the timeframe and at the lowest costs? Select one: a. Assessing risk management b ... business partners e. Developing a project execution plan that matches the complexity level of the project

Last Answer : e. Developing a project execution plan that matches the complexity level of the project

Description :  Which of the following is the most important element of Project Management Plan that is useful in HR Planning process: A. Risk Management activities B. Quality Assurance activities C. Activity Resource requirements D. Budget Control activities

Last Answer : C. Activity Resource requirements

Description : Which of the following is the most important element of Project Management Plan that is  useful in HR Planning process: A. Risk Management activities B. Quality Assurance activities C. Activity Resource requirements D. Budget Control activities

Last Answer : C. Activity Resource requirements

Description : During the planning development process, at times it is necessary to make certain assumptions to enhance the project plan when the data is not available. In regard to making those assumptions, ... upon historical data used for the project.  4. Senior management predefines the budget constraints.

Last Answer : 1. The assumptions will be considered as true, real, or certain.

Description : Risk in project management is defined as  A.An uncertain event that, if it occurs, has a positive effect on project objectives  B.An uncertain event that, if it occurs, has a negative ... effect on project  objectives  D.An uncertain event that do not have any effect on project objectives

Last Answer : C.An uncertain event that, if it occurs, has a positive or negative effect on project  objectives

Description : Which one of the following statements best describes the use of an issue log? a. A summary of all possible alternative resolutions of an issue. b. A summary of all the project issues, their ... for capturing all issues. d. A tool to ensure that the issue management process is adhered to.

Last Answer : b. A summary of all the project issues, their analysis and status.

Description : Which one of the following statements best describes the use of an issue log?  a. A summary of all possible alternative resolutions of an issue.  b. A summary of all the project issues, their ... for capturing all issues.  d. A tool to ensure that the issue management process is adhered to.

Last Answer : b. A summary of all the project issues, their analysis and status.

Description : Project management is the second major component of the planning phase of the  systems development life cycle (SDLC), and it includes three steps: creating the work  plan, staffing the project, and controlling and directing the project.

Last Answer : Ans: True

Description :  The project team has just determined that the deadline for completion will not be met.  In order to deliver a high quality system on schedule, the team has requested that the  features be ... that a fixed deadline be imposed for the project. This technique  is referred to as SDLC methodology.

Last Answer : Ans: False

Description :  During a new project planning process to sequence activities, the project  manager, Nate, decides to use the precedence diagraming method to show the  identified activity dependencies. Which of the following logical ... -finish c. Finish-to-finish d. Start-to-start e. All of these answers

Last Answer : b. Start-to-finish

Description : Following are the characteristics of Project Mindset. (A) Time, Responsiveness, Information sharing, Processes, structured planning (B) Time, Project management, Information sharing, Processes ... , structured planning (D) Time, Responsiveness, Information sharing, Processes, project planning

Last Answer : (A) Time, Responsiveness, Information sharing, Processes, structured planning

Description : What are the 5 major processes of project management?  A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.)  B. Starting, Closing, Managing, Planning, ... Finishing, Monitoring and Controlling, Executing, Planning D. Starting, Finishing, Executing, Managing, Closing

Last Answer : A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.)

Description : Which one of the following best describes project management?  a. Using APM's Body of Knowledge 6th edition as a guide to all projects.  b. Employing a project manager who has undertaken ... on a project full time. d. Application of processes and methods throughout the project life cycle.

Last Answer : d. Application of processes and methods throughout the project life cycle.