61) A technique used in Expert Judgement to determine probability of risk is:
a) Interviews with experts
b) Rank Risks
c) Risk register updates
d) Plan Risk responses
62) Monte Carlo simulation is a technique used to perform:
a) Qualitative risk analysis
b) Quantitative risk analysis
c) Decision tree analysis
d) Risk response
63) Inputs to Perform Quantitative Risk analysis process are:
a) Risk register
b) Risk management plan
c) Cost management plan
d) All of the above
64) Inputs to Perform Quantitative Risk analysis process are:
a) Organizational process assets
b) Schedule management plan
c) Cost management plan
d) All of the above
65) Tools/techniques to perform quantitative risk analysis are:
a) Expert judgement
b) Data gathering and representation techniques
c) Quantitative risk analysis and modeling techniques
d) All of the above
66) 'Plan risk responses' process involves:
a) Planning to decrease threats to the project
b) Planning to benefit from possible opportunities
c) Both of the above
d) Only A
67) Examine the statement-"A detailed risk response plan should be prepared no matter how huge or trivial the risk is, irrespective of whether the effort is cost-effective or not, as this is the process." This statement is:
a) Always true
b) Always false
c) Sometimes true
d) Sometimes false
68) Positive risks are also called:
a) Good risks
b) Opportunities
c) Advantages
d) Project plusses
69) The four strategies used to deal with negative threats are:
a) Avoid, transfer, mitigate, accept
b) Avoid, transfer, mitigate, reject
c) Accept, transfer, mitigate, reject
d) Accept, analyze, avoid, mitigate
70) Validate Scope and Control Scope belong to:
a) Planning process group
b) Initiating proces group
c) Executing process group
d) Monitoring and Control process group
71) In a fixed price contract, the risk:
a) lies more with the seller
b) lies more with the buyer
c) is the same for seller and buyer
d) Can't say
72) In a time-materials contract, the possibility of a cost increase:
a) lies more with the seller
b) lies more with the buyer
c) is the same for seller and buyer
d) Can't say
73) Purchasing insurance is a form of ______ risk:
a) Avoiding
b) Transferring
c) Mitigating
d) Working around
74) The only output of the Identify Risks process is:
a) Risk analysis
b) Risk register
c) Risk monitor
d) Risk response plan
75) The four strategies used to deal with positive threats are:
a) Exploit, share, enhance, accept
b) Exploit, share, enhance, adjust
c) Exploit, simulate, enhance, accept
d) Exploit, share, prototype, accept
76) How to define, monitor and control risks in a project is documented in:
a) Expert judgement interview results
b) Risk register
c) Risk management plan
d) Workshops
77) Tools/techniques used in Plan Procurements process are:
a) Make or buy analysis
b) Expert judgement
c) Market research
d) All of the above
78) Unclear scope definition in a project using Fixed price contract can lead to losses for:
a) the buyer
b) the vendor
c) both buyer and vendor
d) Neither as these are sunk costs
79) Request for proposal, Request for Information, Invitation for bid are broadly called:
a) Procurement documents
b) Vendor documents
c) Bidding documents
d) Contract documents
80) Create WBS belongs to:
a) Initiating
b) Executing
c) Closing
d) None of the above
a) Interviews with experts
b) Rank Risks
c) Risk register updates
d) Plan Risk responses
62) Monte Carlo simulation is a technique used to perform:
a) Qualitative risk analysis
b) Quantitative risk analysis
c) Decision tree analysis
d) Risk response
63) Inputs to Perform Quantitative Risk analysis process are:
a) Risk register
b) Risk management plan
c) Cost management plan
d) All of the above
64) Inputs to Perform Quantitative Risk analysis process are:
a) Organizational process assets
b) Schedule management plan
c) Cost management plan
d) All of the above
65) Tools/techniques to perform quantitative risk analysis are:
a) Expert judgement
b) Data gathering and representation techniques
c) Quantitative risk analysis and modeling techniques
d) All of the above
66) 'Plan risk responses' process involves:
a) Planning to decrease threats to the project
b) Planning to benefit from possible opportunities
c) Both of the above
d) Only A
67) Examine the statement-"A detailed risk response plan should be prepared no matter how huge or trivial the risk is, irrespective of whether the effort is cost-effective or not, as this is the process." This statement is:
a) Always true
b) Always false
c) Sometimes true
d) Sometimes false
68) Positive risks are also called:
a) Good risks
b) Opportunities
c) Advantages
d) Project plusses
69) The four strategies used to deal with negative threats are:
a) Avoid, transfer, mitigate, accept
b) Avoid, transfer, mitigate, reject
c) Accept, transfer, mitigate, reject
d) Accept, analyze, avoid, mitigate
70) Validate Scope and Control Scope belong to:
a) Planning process group
b) Initiating proces group
c) Executing process group
d) Monitoring and Control process group
71) In a fixed price contract, the risk:
a) lies more with the seller
b) lies more with the buyer
c) is the same for seller and buyer
d) Can't say
72) In a time-materials contract, the possibility of a cost increase:
a) lies more with the seller
b) lies more with the buyer
c) is the same for seller and buyer
d) Can't say
73) Purchasing insurance is a form of ______ risk:
a) Avoiding
b) Transferring
c) Mitigating
d) Working around
74) The only output of the Identify Risks process is:
a) Risk analysis
b) Risk register
c) Risk monitor
d) Risk response plan
75) The four strategies used to deal with positive threats are:
a) Exploit, share, enhance, accept
b) Exploit, share, enhance, adjust
c) Exploit, simulate, enhance, accept
d) Exploit, share, prototype, accept
76) How to define, monitor and control risks in a project is documented in:
a) Expert judgement interview results
b) Risk register
c) Risk management plan
d) Workshops
77) Tools/techniques used in Plan Procurements process are:
a) Make or buy analysis
b) Expert judgement
c) Market research
d) All of the above
78) Unclear scope definition in a project using Fixed price contract can lead to losses for:
a) the buyer
b) the vendor
c) both buyer and vendor
d) Neither as these are sunk costs
79) Request for proposal, Request for Information, Invitation for bid are broadly called:
a) Procurement documents
b) Vendor documents
c) Bidding documents
d) Contract documents
80) Create WBS belongs to:
a) Initiating
b) Executing
c) Closing
d) None of the above
