1 Contingency planning should include all but which of the following?
A The development of a contingency allowance determined by combining (layering) various estimate segments to form larger estimate segments.
B the development of schedule alternatives and work-around
C the management of a contingency budget
D an assessment of project shut-down liabilities.
E A and C
ans:A
2 During which phase of the project life cycle is the amount at stake lowest?
A concept
B development
C execution
D conclusion
E C and D
ans:A 我考网(www．Examda。com)
3 Budgeted contingencies can be detemined by:
A past experience
B applying standard allowances
C detemining the sum total of the most probable variances of the various risk items properly identified.
D All of the above.
E None of the above.
ans:D
4 In performing an impact analysis, the most effective tool to ensure all risks are identified on large projects is the:
A Work breakdown structure
B milestone review and schedule technique
C cost/schedule control system
D planning programming budget system
E program and evaluation review technique
ans:A
5 Many companies self insure against some risk. Problems which can arise from self-insurance include:
A failure to reserve funds to handle worst case scenarios (low probability events) resulting in severe financial damage to the company
B stiff competition from insurance companies
C confusion of business risks with insurable risks.
D A and C
E All of the above.
ans:D
6 Sensitivity analysis can be used in risk analysis to:
A Substitute for uncertainty analysis in risk quantification
B estimate the level of risk aversion adopted by management
C estimate the effect of change of one project variable on the overall project
D A and B
E All of the above.
ans:C
7 Risk event probability is defined as:
A the total number of possible events divided into the expectations or frequency of the risk event
B the number of times the risk event may occur
C the fraction of the total project tasks which may be affected by the risk event
D the total number of possible events divided into the consequences of the risk event.
E A and B
ans:A
8 In Project Risk Management, Risk Response may include actions to:
A reduce the probability of risk events
B change the scope, budget, schedule or quality specifications of the project
C reduce the consequences or severity of impacts of a potential risk event
D A and C
E All of the above.
ans:E
9 Total Project Risk:
A should not be calculated for small projects
B is the probability of each project risk event times the sum of the consequences of individual project risk events which could occur during the project.
C Is the cumulative sum of the probability of each individual project risk event times the consequences of occurrence of that risk event.
D A and B
E A and C 我考网论坛
ans:C
10 Risk mitigation involves all but which of the following:
A developing system standards (policies, procedure, responsibility standards)
B obtaining insurance against loss
C identification of project risks
D performing contingent planning
E developing planning alternatives
ans:C
11 The principles of risk management should be followed only for:
A complex projects
B simple projects
C large projects
D A and C
E All of the above.
ans:E
12 The type of contract (payment mechanism) chosen for a project is often a reflection of the degree of risk associated with completing that project. For a firm fixed price contract, payment for risk _____ .
A Is accomplished by paying the actual costs to the contractor.
B Is accomplished by paying the contractor for his costs plus a fixed fee (profit).
C Is an undisclosed contingency in the contractor's bid.
D Is accomplished by paying for the budgeted costs of dealing with risks, as predicted in the project risk assessment.
E B and C
ans:C

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