Chapter 7 Managing Project Risk Flashcards
____ prioritizes risks so that an effective strategy can be formulated.
a. Risk monitoring and control
b. Risk analysis
c. Risk mitigation
d. Risk avoidance
e. Risk assessment
: Risk assessment
Chapter 7 page
____ determines how to deal with the occurrence of a risk.
a. risk planning
b. risk identification
c. risk assessment
d. risk strategies
e. risk monitoring and control
: risk strategies
Chapter 7 page
____ use only integer or whole numbers, where fractional values are not allowed or would not make sense.
a. Normal Distribution
b. Binomial Distribution
c. Pert Distribution
d. Discrete Distribution
e. Triangular Distribution
: Discrete Distribution
Chapter 7 page
A structure technique for identifying risks which requires participants to rank and prioritize ideas in round-robin fashion is most closely associated with:
a. Brainstorming
b. Delphi Technique
c. Learning Cycles
d. Nominal Group Technique
e. Cause-and-Effect Diagrams
: Nominal Group Technique
Chapter 7 page
____ determines each identified risk’s probability of occurrence and impact on the project.
a. Risk mitigation
b. Risk analysis
c. Risk assessment
d. Risk monitoring and control
e. Risk avoidance
: Risk analysis
Chapter 7 page
Successful risk management requires ____.
a. use of non-standard approach to assess risk
b. misunderstanding the benefits of risk management
c. inadequate time for risk identification
d. stakeholder responsibility
e. occasional monitoring of risks to ensure compliance
: stakeholder responsibility
Chapter 7 page
Identifying what you know, what you think you know, and things you need to find out would be activities most closely associated with:
a. Delphi Technique
b. Cause-and-Effect Diagrams
c. Nominal Group Technique
d. Brainstorming
e. Learning Cycles
: Learning Cycles
Chapter 7 page
In a normal distribution we would expect to find ____ of all values with in + or - 1 standard deviation.
a. 95%
b. 68%
c. 99%
d. 13%
e. 34%
:
Chapter 7 page
____ focuses on root-cause analysis and determining the cause of risks, as well as the effects of risks on the project.
a. Cause-and-Effect Diagrams
b. Delphi Technique
c. Learning Cycles
d. Brainstorming
e. Nominal Group Technique
: Cause-and-Effect Diagrams
Chapter 7 page
____ involves deciding which risks can impact the project.
a. Plan Risk Management
b. Monitor and Control Risks
c. Perform Quantitative Risk Analysis
d. Plan Risk Responses
e. Identify Risks
: Identify Risks
Chapter 7 page
