You are the project manager of RTF project for your organization. You are working with your project team and several key stakeholders to create a diagram that shows causal factors for an effect to be solved. What diagramming technique are you using as a part of the risk identification process?
A. Cause and effect diagrams
B. System or process flow charts
C. Predecessor and successor diagramming
D. Influence diagrams
Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.
A. Increased understanding or quantification of the system
B. Estimating the average outcome
C. Model development
D. Decision making or the development of recommendations for decision makers
You are the project manager of the NHH Project for your company and you have completed the risk analysis processes for the risk events. You and the project team have created risk responses for most of the identified project risks. Now, you would like to assign risk owners to the events. Which risk events should have risk response owners?
A. Only the risks with a high risk rating
B. Each agreed-to and funded risk response should have a risk response owner
C. Each risk that has a risk response should have a risk response owner
D. Only the risk events that are considered a negative risk event with a high risk rating
You work as a project manager for BlueWell Inc. You have to communicate the causes of risk events to the stakeholders. Which risk diagramming technique you will use to communicate the causes of risk events to project stakeholders?
A. Project network diagrams
B. Process flow charts
C. Ishikawa diagrams
D. Influence diagrams
Wendy is about to perform qualitative risk analysis on the identified risks within her project. Which one of the following will NOT help Wendy to perform this project management activity?
A. Project scope statement
B. Risk management plan
C. Risk register
D. Stakeholder register
Frances is the project manager of a project in her organization. This project has a budget of $567,000 and is schedule to last for three years. Frances wants to examine the risk events to determine which risk events have the most potential impact on the project. Which modeling technique can help Frances to accomplish this goal?
A. Expected monetary value
B. Sensitivity analysis
C. Quantitative risk analysis
D. Modeling and simulation
You are the project manager for BlueWell Inc. You are reviewing the risk register for your project. The risk register provides much information to you, the project manager and to the project team during the risk response planning. All of the following are included in the risk register except for which item?
A. Network diagram analysis of critical path activities
B. Symptoms and warning signs of risks
C. List of potential risk responses
D. Trends in qualitative risk analysis results
You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. You will need all of the following as inputs to the qualitative risk analysis process except for which one?
A. Stakeholder register
B. Project scope statement
C. Risk management plan
D. Risk register
Which of the following components ensures that risks are examined for all new proposed change requests in the change control system?
A. Risk monitoring and control
B. Scope change control
C. Integrated change control
D. Configuration management
Elizabeth is a project manager for her organization and she finds risk management to be very difficult for her to manage. She asks you, a lead project manager, at what stage in the project will risk management become easier. What answer best resolves the difficulty of risk management practices and the effort required?
A. Risk management only becomes easier the more often it is practiced.
B. Risk management only becomes easier when the project is closed.
C. Risk management only becomes easier when the project moves into project execution.
D. Risk management is an iterative process and never becomes easier.
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