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5 Written questions

5 Matching questions

  1. Project Risk Management
  2. Plan Risk Responses
  3. Inspection
  4. Direct costs
  5. Communication Requirements Analysis
  1. a It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with whom and who will receive what information. The total number of potential communication channels is n*{(n-1)/2}, where n is the number of stakeholders.
  2. b Incurred for the exclusive benefit of the project (e.g., salaries of full-time project staff).
  3. c Systematic process of planning, identifying, analyzing, responding, and monitoring and controlling project risk. It increases the probability and impact of positive events, and decrease the probability and impact of negative events in the project.
  4. d Processes and procedures developed for the closing or canceling of projects.
  5. e Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.

5 Multiple choice questions

  1. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
  2. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
  3. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
  4. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.
  5. A partially complete document in a predefined format that provides a defined structure for collecting, organizing, and presenting information and data.

5 True/False questions

  1. Plan QualityFactors that limit a buyer's options. E.g., funds availability

          

  2. ForecastingA schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the duration.

          

  3. Mathematical AnalysisA mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.

          

  4. TriggersAlso called risk symptoms or warning signs, they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.

          

  5. Assumptions AnalysisFactors that, for planning purposes, will be considered true, real or certain.

          

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