"TEN"ner for 7/28...

Submitted by krantikumar50 on Sat, 07/28/2012 - 21:27

All,

Apologies for being late. I was caught up in something beyond recognition. However, here are the "Ten"ners for 28th July, 2012. I am sending ALL the questions only on Risks, my pain area.

Warmly, KK...

1. Most of the project risk management processes are performed as part of which PG?

A. Closing

B. Executing

C. Initiating D. Planning

2. The project director advises you that a project should have a balance between risk taking and avoidance. This policy is implemented in a project using which of the following?

A. Risk Responses

B. Risk Analysis

C. Risk Identification

D. Risk Classification

3. One of the tools used to manage risk in a project is a table showing the various thresholds for different levels of risks in the project. What is this table called?

A. Risk Register

B. Probability and Impact Matrix

C. Issue Log

D. Impact Scales

4. Who is responsible for identifying risks in a new project?

A. PM

B. Project Sponsor

C. Any project personnel

D. The primary/main SHs

5. A common risk management strategy is to shift the negative impact of a threat, and ownership of the response to a 3^rd party. What is this technique called?

A. Exploit

B. Avoid

C. Mitigate

D. Transfer

6. You’ve been given responsibility for developing a Risk Register for your project. Through which process is this document created?

A. Plan Risk Responses

B. Perform Qualitative Risk Analysis

C. Identify Risks D. Perform Quantitative Risk Analysis

7. As part of your responsibility for managing risks in your project, you rate risks as low, medium, or high. What tool would you typically use to define these ratings?

A. Probability and Impact Matrix

B. Risk Register Updates

C. Assumption Analysis D. Checklists Analysis

8. The set of project management activities including identification, analysis, planning responses, and M&C of risks in the project is part of carrying out-------

A. Risk Id

B. Project Risk Analysis

C. Project Risk Management D. Project Risk Mitigation

9. Which of the following is a tool that a PM uses to help document and monitor the resolution of issues in the project?

A. Risk Register

B. Issue Log

C. Change Requests

D. Corrective Actions

10.. Your team is developing a part of the risk management plan. For some of the risks, the team decides that a response plan will be executed only when certain predefined condition exists. What is the term given to this type of risk strategy?

A. Contingent

B. Sharing

C. Exploiting D. Enhance