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

1 Answer

Answer :

B. Quantitative Risk Analysis

Related questions

Description : 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 ... Risk Analysis B. Risk Identification C. Qualitative Risk Analysis D. Risk Management Planning

Last Answer : C. Qualitative 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 : 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 : 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 : 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 : 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 : 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 : 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 : 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 : 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 : 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 : 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 : 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 : 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 : According to the Project Management Institute (PMI), project  management is defined as the application of knowledge, _____, _____, and  techniques to project activities to meet the project requirements . Select ... b. tools, analysis c. analysis, theories d. skills, tools e. skills, theories

Last Answer : d. skills, tools

Description : Which of the following is true regarding the project scope statement? A. The project scope statement includes a change control system that describes how to  make changes to the ... reliability of the project scope and describes  the process for verifying and accepting completed deliverables.

Last Answer : B. The project scope further elaborates the Initiating processes and serves as a basis  for future project decisions.

Description : Which one of the following statements best describes a project? a. A project is a set of tools and techniques often used when delivering organisational change. b. A project is the sum of activities ... endeavor undertaken to achieve a desired outcome. d. A project is a method of planning work.

Last Answer : c. A unique transient endeavor undertaken to achieve a desired outcome.

Description : Which one of the following statements best describes a project?  a. A project is a set of tools and techniques often used when delivering organisational change.  b. A project is the sum of ... endeavour undertaken to achieve a desired outcome.  d. A project is a method of planning work.

Last Answer : c. A unique transient endeavour undertaken to achieve a desired outcome.

Description : What is the most accurate method of obtaining project information that can reduce the amount  of risk? 1. Observations on the current project  2. Determining the risk by using brainstorming ... from previous projects that were similar in nature  4. Sensitivity analysis  5. Delphi technique.

Last Answer : 3. The use of historical data from previous projects that were similar in nature

Description : When developing a project's scope statement, which of the following should not be  included? 1. Project justification.  2. Cost/benefit analysis  3. Project deliverables  4. Measurable objectives

Last Answer : 1. Project justification.

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 : Which one of the following statements is true? a. Independent reviews and quality audits form part of quality assurance to ensure the project manager delivers on time and to budget. ... Quality planning enables the project manager to manage the trade-off between customer expectations  and budget

Last Answer : c. Quality control verifies that the project deliverables conform to specification, are fit for purpose and  meet stakeholder expectations.

Description : What is the first step in project planning? Select one: a. Establish the objectives and scope. b. Determine the budget. c. Select the team organizational model. d. Determine project constraints. e. Inspect the deliverables.

Last Answer : a. Establish the objectives and scope.

Description : What is the first step in project planning? Select one: a. Establish the objectives and scope. b. Determine the budget. c. Select the team organizational model. d. Determine project constraints. e. Inspect the deliverables.

Last Answer : a. Establish the objectives and scope.

Description : Which one of the following statements is true?  a. Independent reviews and quality audits form part of quality assurance to ensure the project  manager delivers on time and to budget. ... planning enables the project manager to manage the trade-off between customer  expectations and budget.

Last Answer : c. Quality control verifies that the project deliverables conform to specification, are fit for  purpose and meet stakeholder expectations.

Description : A prerequisite of effective time management is:  1. Knowing the dictated project completion date  2. Having the most advanced software package for project planning, scheduling and control  3. ... and the  person responsible for each of them  4. Having a well staffed scheduling department

Last Answer : 1. Knowing the dictated project completion date

Description : Which of the following is not the part of Risk Control  A. Execution of the risk response strategy  B. Monitoring of triggering events  C. Initiating contingency plans  D. Not watching for new risks

Last Answer : D. Not watching for new risks

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 :  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 : )Which of the following fit the category of external risks? 1. Project delays, budget under-runs, movement of city utilities  2. Regulatory, currency changes, taxation  3. Natural disasters, ... , design, social impact  5. Political unrest, budget overruns, size and complexity of the project

Last Answer : 2. Regulatory, currency changes, taxation

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 : Which one of the following statements about the project risk register is false? a. It facilitates the review and monitoring of risks. b. It facilitates the risk appetite. c. It facilitates the recording of risk responses. d. It facilitates the recording of risks.

Last Answer : b. It facilitates the risk appetite.

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 : 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 : Which one of the following statements about the project risk register is false?  a. It facilitates the review and monitoring of risks.  b. It facilitates the risk appetite.  c. It facilitates the recording of risk responses.  d. It facilitates the recording of risks

Last Answer : b. It facilitates the risk appetite

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 : The main product is……….. a. project proposal b. Problem Identification c. Problem Definition d. Project Planning

Last Answer : a. project proposal

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 : Which of the following items should not be included in the  project management plan? a) The techniques and case tools to be used b) Detailed schedules, budgets and resource ... development  organisation, project responsibilities, managerial  objectives and priorities e) None of the above.

Last Answer : c) The life cycle model to be used

Description : Project management includes the tools, techniques, and essential to  deal with the growth of products a. Knowledge b. Skill c. Attitude d. Confidence

Last Answer : a. Knowledge

Description : How expensive is it to live in Monte Carlo, Monaco?

Last Answer : All I know is that cable is free. I’m sure it is very pricey, with a high demand for abodes. It is a beautiful place, not that I’ve been, but I admire the Princesses of Monaco, the daughters of Grace Kelly.

Description : Where is the cheapest place to buy a 1972 monte carlo?

Last Answer : Um, it’s obviously going to depend on where you are located.

Description : My coworker's 1970 Monte Carlo won't start, we're in the parking lot. Any ideas?

Last Answer : Is it making a clicking noise when he turns the key?

Description : What did a new Chevy Monte Carlo cost in 1977?

Last Answer : Base price, $4,968 according to NADA.

Description : What was the cost of a new Monte Carlo in 1977?

Last Answer : Base price, $4,968 according to NADA.