Questions 141-160

141) Which of the below are used in quantitative risk analysis?
A. Beta distribution
B. Triangular distribution
C. Uniform
D. Lognormal

1.  A, B, C
2.  B, C, D
3.  C, D, A
4.  All of the above

142) A toy manufacturer manufactures dolls that run on batteries. A risk has been identified where the battery provided by the supplier may not be per specifications and won’t fit into the doll’s battery compartment. The impact of the risk has been assessed to be very high. According to the definition of impact scales for four project objectives in the PMBOK® guide, this could mean that:
A. There could be a >40% increase in cost to fix the issue if it occurs
B. There could be a >20% increase in time needed to fix the issue if it occurs
C. The doll could be effectively useless
D. The quality of the doll could end up being unacceptable

Answer choices:
1. A
2. C
3. B
4. All of the above

143) When planning risks for your project, you assess that the risk of a resource leaving his job is very low. Using the defined conditions for impact scales of a risk on major project objectives, this could mean that:
A. There could be a significant cost increase to hire a new resource
B. There could be a significant time increase to train the new resource
C. There could be an insignificant cost increase due to the resource leaving
D. There could be an insignificant time increase due to the resource leaving

Answer choices:
1. A, B
2. B, C
3. C, D
4. D, A

144) Your company conducts monthly beer bashes. They also encourage team lunches and go-karting with the team once every quarter. These are examples of:
a. Coaching
b. Team building
c. Leadership

Answer choices:
1. A and C 
2. B
3. None of the above
4. C

145) Enterprise environmental factors that can influence the Identify Risks process include:
A. Published information, including commercial databases
B. Academic studies
C. Published checklists
D. Benchmarking

Answer choices:
1. All of the above
2. D
3. None of the above
4. B

146) Which of the following are untrue about the Delphi technique used to identify risks?
A. Anyone can participate regardless of expertise
B. Participation is anonymous
C. Reduces bias
D. Keeps any one person from having undue influence on the outcome

147) Which of the following are untrue about the brainstorming technique used to identify risks?
A. Experts not part of the team participate
B. Participation is anonymous
C. Goal is to identify key risks
D. Project team is not involved

Answer choices:
1. A, B, C
2. B, C, D
3. C, D, A
4. A, B, D

148) Which of the below are used to identify risks?
A. Risk register
B. Interviewing
C. Root cause analysis
D. Delphi technique

Answer choices:
1. A, B, C
2. B, C, D
3. C, D, A
4. A, B, D

Use the below diagram for questions 149-150:

149) The above diagram is also known as:
A. Ishikawa diagram
B. Fishbone diagram
C. Herrringbone diagram
D. Fishikawa

Answer choices:
1. A, B, C
2. B, C, D
3. C, D, A
4. All of the above

150) The above diagram is used to:
A. Diagram risks
B. Identify causes of defects
C. Identify causes of risks
D. Quantify risks

Answer choices:
1. C
2. B, C, D
3. C, D, A
4. All of the above

151) In an influence diagram, which is the decision node?
A. Project activity
B. Project estimates
C. Risk condition
D. Deliverables

152) In an influence diagram, which are the uncertainty nodes?
A. Project activity
B. Project estimates
C. Risk condition
D. Deliverables

1. A, B
2. B, C
3. C, D
4. D, A

153) SWOT in risk identification is the analysis of:
A. Strengths, Weaknesses, Opportunities, Threats
B. Strengths, Weaknesses, Opportunities, Targets
C. Surplus, Weaknesses, Opportunities, Threats
D. Strengths, Weak points, Opportunities, Threats

154) As a project manager, you prepare a document where you record that you see a risk with the supplier providing resources on time and your plan to handle that (to work with a back-up supplier). This document is called:
A. Risk register
B. Risk document
C. Risk registry
D. Risk assets

155) As a project manager of Sunshine software, you have performed risk analysis with your team. Your team members have contributed some risks and feel that they are very important. But you feel that the team members may be worrying more than needed about those risks. One way to handle this is:
A. To assign probabilities of occurrence for those risks and the impact if they occur
B. To assure the team that they don’t have to worry and you will take care of the risks
C. To tell the team that you have inside information and that they don’t have to worry about those risks
D. To tell the team that the cost impact of those risks is less than $1000, so it’s not a big deal

156) One of your stakeholders had a greater risk tolerance at the beginning of the project. But halfway through, due to organizational changes, his tolerance has reduced. Where should you capture this?
A. Brainstorming
B. Baseline
C. Organizational process assets
D. Risk management plan

157) You are the project manager of a major software upgrade project. Your company is switching to state-of the-art technology and the project is highly complex with few predecessors inside and outside the company. The risks in this case are:
A. More
B. Less
C. Can’t say
D. Very less

158) The below risk probability and impact assessment is a tool/technique used in:

A. Perform Quantitative risk analysis
B. Perform Qualitative risk analysis
C. Expert judgment
D. SWOT analysis

159) You prepared a probability and impact matrix where a risk probability of 0.4 was set as high impact to cost (based on your previous experience in another company you worked for). But your new company considers a risk probability of 0.5 as high impact to cost. They want you to revise the matrix. What should you do?
A. Explain that they should use 0.4 as high impact to cost
B. Call for a meeting with the stakeholders to escalate
C. Agree to the current organization’s threshold and update the matrix
D. Refuse to update the matrix and stand your ground

160) Project manager A performed qualitative risk analysis but it later turned out to be of little/no use. This could be due to:
A. The use of low-quality risk data
B. Not performing risk data quality assessment
C. Doing SWOT analysis
D. Using team members to identify risks

Answer choices:
1. A, B
2. B, C
3. C, D
4. D, A