121) Positive risks are also called as:
A. Opportunities
B. Threats
C. Thresholds
D. Tolerance
1. A
2. D
3. B
4. None of the above
122) Negative risks are also called as:
A. Opportunities
B. Threats
C. Thresholds
D. Tolerance
1. A
2. D
3. B
4. None of the above
123) Your company has decided to outsource some of the work to save money by reducing the onsite workforce. This is an example of:
A. Opportunity
B. Threat
C. Risk level
D. Risk attitude
124) The risk management plan needs agreement and support from stakeholders:
A. So they don’t get upset
B. To ensure the risk management process is supported
C. To ensure risk management process is performed effectively over the project life cycle
D. So the importance of the project is communicated
1. B, C
2. All of the above
3. A, D
4. None of the above
125) Some organizational process assets that can influence the Plan Risk Management process are:
A. Risk categories
B. Common definitions of concepts and terms
C. Authority levels for decision making
D. Lessons learned
1. B, C
2. All of the above
3. A, D
4. None of the above
126) As a project manager preparing the risk management plan, you consult other project managers and learn from their experiences/lessons learned on similar projects and also talk to senior management and stakeholders. Which of the following tools and techniques are you are using?
A. Expert judgment
B. Organizational process assets
C. Analytical skills
D. Risk register
127) Which of the following does the risk management plan include? Choose the best answer.
A. The method for risk management on the project
B. Roles and responsibilities of risk management team members
C. Risk categories
D. Timing of when risk management processes will be performed in the project
1. A, C
2. All of the above
3. D
4. C
128) Beta distribution and Triangular distribution are:
A. Used in Quantitative risk analysis
B. Examples of Risk breakdown structure
C. Hierarchical representations of risks
D. Don’t consider risk categories
1. A, B, C
2. B, C, D
3. C, D, A
4. A, B, D
Questions 129-134:
Use the following figure to answer the questions 129-134.
The Beta distribution shown above is used in estimation of a project’s schedule.
129) Point A depicts:
A. Optimistic estimate
B. Pessimistic estimate
C. Most likely estimate
D. Expected value
130) Point B depicts:
A. Optimistic estimate
B. Pessimistic estimate
C. Most likely estimate
D. Expected value
131) Point C depicts:
A. Optimistic estimate
B. Pessimistic estimate
C. Most likely estimate
D. Expected value
132) The Y-axis stands for:
A. Likelihood
B. Uncertainty
C. Time
D. Delay
133) The X-axis stands for:
A. Relative likelihood
B. Time or cost values
C. Certainty
D. Delay
134) 3, 6, 9, 12, 15, and 18 on the X-axis indicate:
1. Days
2. Hours
3. Months
4. Years
A. 1
B. 2
C. 3
D. Can’t say with the information provided
Questions 135-140:
Use the following figure to answer the questions 135-140.
The triangular distribution shown above is used in project schedule estimation.
135) Point A depicts:
A. Lower limit
B. Mode
C. Upper limit
D. Expected value
136) Point B depicts:
A. Lower limit
B. Mode
C. Upper limit
D. Expected value
137) Point C depicts:
A. Lower limit
B. Mode
C. Upper limit
D. Expected value
138) The Y-axis stands for:
A. Likelihood
B. Uncertainty
C. Time
D. Delay
139) The X-axis stands for:
A. Likelihood
B. Uncertainty
C. Time or cost values
D. Delay
140) 3, 6, 9, 12, 15, and 18 on the X-axis indicate:
1. Days
2. Hours
3. Months
4. Years
A. 1
B. 2
C. 3
D. Can’t say with the information provided
A. Opportunities
B. Threats
C. Thresholds
D. Tolerance
1. A
2. D
3. B
4. None of the above
122) Negative risks are also called as:
A. Opportunities
B. Threats
C. Thresholds
D. Tolerance
1. A
2. D
3. B
4. None of the above
123) Your company has decided to outsource some of the work to save money by reducing the onsite workforce. This is an example of:
A. Opportunity
B. Threat
C. Risk level
D. Risk attitude
124) The risk management plan needs agreement and support from stakeholders:
A. So they don’t get upset
B. To ensure the risk management process is supported
C. To ensure risk management process is performed effectively over the project life cycle
D. So the importance of the project is communicated
1. B, C
2. All of the above
3. A, D
4. None of the above
125) Some organizational process assets that can influence the Plan Risk Management process are:
A. Risk categories
B. Common definitions of concepts and terms
C. Authority levels for decision making
D. Lessons learned
1. B, C
2. All of the above
3. A, D
4. None of the above
126) As a project manager preparing the risk management plan, you consult other project managers and learn from their experiences/lessons learned on similar projects and also talk to senior management and stakeholders. Which of the following tools and techniques are you are using?
A. Expert judgment
B. Organizational process assets
C. Analytical skills
D. Risk register
127) Which of the following does the risk management plan include? Choose the best answer.
A. The method for risk management on the project
B. Roles and responsibilities of risk management team members
C. Risk categories
D. Timing of when risk management processes will be performed in the project
1. A, C
2. All of the above
3. D
4. C
128) Beta distribution and Triangular distribution are:
A. Used in Quantitative risk analysis
B. Examples of Risk breakdown structure
C. Hierarchical representations of risks
D. Don’t consider risk categories
1. A, B, C
2. B, C, D
3. C, D, A
4. A, B, D
Questions 129-134:
Use the following figure to answer the questions 129-134.
The Beta distribution shown above is used in estimation of a project’s schedule.
129) Point A depicts:
A. Optimistic estimate
B. Pessimistic estimate
C. Most likely estimate
D. Expected value
130) Point B depicts:
A. Optimistic estimate
B. Pessimistic estimate
C. Most likely estimate
D. Expected value
131) Point C depicts:
A. Optimistic estimate
B. Pessimistic estimate
C. Most likely estimate
D. Expected value
132) The Y-axis stands for:
A. Likelihood
B. Uncertainty
C. Time
D. Delay
133) The X-axis stands for:
A. Relative likelihood
B. Time or cost values
C. Certainty
D. Delay
134) 3, 6, 9, 12, 15, and 18 on the X-axis indicate:
1. Days
2. Hours
3. Months
4. Years
A. 1
B. 2
C. 3
D. Can’t say with the information provided
Questions 135-140:
Use the following figure to answer the questions 135-140.
The triangular distribution shown above is used in project schedule estimation.
135) Point A depicts:
A. Lower limit
B. Mode
C. Upper limit
D. Expected value
136) Point B depicts:
A. Lower limit
B. Mode
C. Upper limit
D. Expected value
137) Point C depicts:
A. Lower limit
B. Mode
C. Upper limit
D. Expected value
138) The Y-axis stands for:
A. Likelihood
B. Uncertainty
C. Time
D. Delay
139) The X-axis stands for:
A. Likelihood
B. Uncertainty
C. Time or cost values
D. Delay
140) 3, 6, 9, 12, 15, and 18 on the X-axis indicate:
1. Days
2. Hours
3. Months
4. Years
A. 1
B. 2
C. 3
D. Can’t say with the information provided
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