1 Risk mitigation includes all but which of the following:
A Developing system (policies, procedures, responsibilities)
B Obtaining insurance against loss
C performing contingent planning
D developing planning alternatives
E identification of project risks.
ans:E
2 Deflection involves the transfer of risk by:
A Contracting out to another party
B Developing schedule alternative.
C Establishing functions under the project manager to handle risk events.
D Disaster planning and responses.
E None of the above.
ans:A
3 The formalization of management's attitude toward risk is called _____ .
A Decision Theory.
B Utility Theory.
C Decision Tree Analysis.
D Sensitivity Analysis.
E Probability Analysis.
ans:B
4 Risks that cannot be identified or evaluated _____ .
A should be deflected to the contracting officer.
B should be handled via contingency allowances.
C should be ignored, since they cannot be identified.
D should be ignored, since they are not covered in the Risk Assessment.
E C and D
ans:B
5 Range estimating in determining cost risk probabilities requires _____ .
A an amount of financial exposure.
B risks and opportunities ranked in order of bottom line importance
C contingency requirements for expected level of confidence
D probability of cost overrun occurrences
E All of the above.
ans:E
6 Standard deviation of project completion is _____ .
A a relationship of the uncertainty of critical path activities. www.Ｅxamda.CoM
B an indicator of project end date target confidence
C a function of critical path, leveling and project costs.
D A and B
E All of the above.
ans:D
7 Which of the following does not contribute to increased Schedule Risk?
A labor shortage
B contractor claims
C lack of access
D sponsor scope changes
E all may increase schedule risk
ans:E
8 Screening of risk events for potential risk is known as _____ .
A problem structuring.
B risk identification
C risk quantification
D risk modeling
E risk mitigation
ans:B
9 The schedule risk is the _____ .
A the accumulated "expected' durations which maintain project completion.
B Critical Path adjusted by "high-risk" activity float.
C highest risk path that maintains quality.
D Critical Path when calculated with "most likely" duration.
E highest risk path that contributes the most risk toward the project completion.
ans:B
10 Pure Risk differs from Business Risks because Pure Risk's _____ .
A include chances of both profit or loss associated with the business.
B include chances of loss and no chances for profit associated with the business.
C must incur personal loss with business liability.
D must incur business liability associated with loss of pure profit.
E B and C
ans:B
11 Response Planning is the responsibility of the functional areas and considers
A mitigation.
B deflection.
C contingency planning.
D unforeseen occurrences.
E All of the above.
ans:E
12 Amount at Stake is the _____ .
A function of planned time/real time project costs.
B risk identified in successful project completions.
C (Standard Project Deviation + Expected Costs)/6
D cost of investment loss + least cost to restore status quo.
E inherent risk at conception altered by standard project deviations.
ans:D

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