Which Of The Following Accurately Describes Risk In Project Management

Question: Which of the following activities illustrates a risk response strategy designed to mitigate a threat?

Answer: train a team member to cover for a potentially unavailable key resource

Question: Which of the following quantitative risk analysis techniques is used to determine which risks have the most powerful impact on the project, with results displayed in the form of a tornado diagram?

Answer: Sensitivity Analysis

Question: Which of the following describes the appropriate use of a cause-and-effect diagram to support project risk analysis?

Answer: Although effects are more visible, it is often easier to alter the effect by changing the underlying cause.

Question: Project teams can often identify risks by conducting any of several types of reviews. Which of the following illustrates a valuable type of risk review?

Answer: review the communication plan to determine where poor communications could cause a problem

Question: All of the following are benefits that can be attributed to the effective use of a risk management plan EXCEPT:

Answer: It enables the project manager to identify and eliminate all risks

Question: All of the following describe the appropriate application of Perform Quantitative Risk Analysis in project management EXCEPT:

Answer: Brainstorming techniques are used by the team and other stakeholders to identify as many project risks as possible.

Question: All of the following criteria can be used to categorize project risks EXCEPT:

Answer: whether the risk is a known known

Question: Figure 10-1 Excerpt from Internet Project Risk Register

Consider the excerpt of the Internet Project risk register presented in Figure 10-1. Which of the following risk events should receive the highest priority for the development of risk responses?

Answer: C - IS resources are spread too thin

Question: All of the following methods have proven to be useful techniques to help project teams identify the risks that might impact the project EXCEPT:

Answer: documenting lessons learned

Question: All of the following are among the classic risk response strategies EXCEPT:

Answer: share a threat