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Kevin Liang's Quiz History: Quiz: Reflecting the Risk Plan
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Quiz: Reecting the Risk Plan Results for Kevin Liang
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Score for this quiz: 99 out of 120
Submitted Feb 4 at 3:22pm
This attempt took 72 minutes.
Question 1
3 / 3 pts
exploit
accept
retain
mitigate
Question 2
3 / 3 pts
True
False
Question 3
3 / 3 pts
True
False
Question 4
3 / 3 pts
distribution
triangular
cause
sensitivity
Question 5
3 / 3 pts
inuence
cause/effect
checklist
network
According to PMBOK, the most aggressive risk response to capture a positive opportunity is to ____ the risk.
According to PMBOK, the goal of brainstorming when identifying risks is to obtain a comprehensive list of project risks.
Risk strategy and risk planning are synonymous terms regarding project risk.
The tool _____ analysis studies the impact risks can have on a project.
The _____ diagram is structured such that work activities are connected together within a network, illustrating the ow of work
throughout the project life cycle.
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This study source was downloaded by 100000879276191 from CourseHero.com on 03-06-2024 07:12:11 GMT -06: https://canvas.liberty.edu/courses/573919/quizzes/2751766/history?version=1
3/5/24, 6:32 PM
Kevin Liang's Quiz History: Quiz: Reflecting the Risk Plan
https://canvas.liberty.edu/courses/573919/quizzes/2751766/history?version=1
2/7
Question 6
3 / 3 pts
True
False
Question 7
3 / 3 pts
plan
diagram
list
register
Question 8
3 / 3 pts
True
False
Question 9
3 / 3 pts
lack of funding
poor communication
scheduled payments
lack of leadership
Question 10
3 / 3 pts
True
False
IncorrectQuestion 11
0 / 3 pts
True
False
Question 12
3 / 3 pts
True
False
A primary goal in analyzing risk is to determine a probability of occurrence and the potential impact a given risk can have on the
quality of the project deliverable, budget, or schedule.
The “master template” of risk, typically in the form of a spreadsheet, is the risk _____.
A popular probability simulation for calculating probability of a risk occurring is Monte Carlo simulation.
Which of the following would be an example of a specication risk?
Tactical risk planning is high-level and strategic in nature.
A benet of quantitative risk analysis is that objective assessments can be quickly attained and categorized.
Sources of information for project activities might include the project charter or project statement of work.
3/5/24, 6:32 PM
Kevin Liang's Quiz History: Quiz: Reflecting the Risk Plan
3/7
Question 13
3 / 3 pts
optimistic, most likely, pessimistic
optimistic, best-case, ideal
most likely, average, pessimistic
pessimistic, most likely, average
Question 14
3 / 3 pts
schedule/time
cost/resources
plans/estimates
scope/quality
Question 15
3 / 3 pts
likely
uncertain
unknowable
unplanned
IncorrectQuestion 16
0 / 3 pts
pre-risk information
delayed-response information
planned risk information
post risk results
Question 17
3 / 3 pts
Risk identication
Risk trigger planning
Risk response planning
Risk tolerance
IncorrectQuestion 18
0 / 3 pts
Beta and Triangular distributions utilize common formulas that include _____.
The “Big Three,” or triple constraint, of any project includes all of the following EXCEPT:
According to PMBOK, project risk is a(an) _____ event or condition that, if it occurs, has a positive or negative effect on an aspect
of a project.
Two levels of risk communication include real-time risk information and _____.
Which of the following would most likely be done at the strategic risk planning level?
Which of the following would be the primary source when gathering information for risk identication?
Activity checklists
3/5/24, 6:32 PM
Kevin Liang's Quiz History: Quiz: Reflecting the Risk Plan
https://canvas.liberty.edu/courses/573919/quizzes/2751766/history?version=1
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risk register
work breakdown structure
risk response matrix
Question 19
3 / 3 pts
identify
label
analyze
ascertain
Question 20
3 / 3 pts
True
False
IncorrectQuestion 21
0 / 3 pts
cost of the risk
planning contingency for the risk
processes to address the risk
impact to the project and/or organization
Question 22
3 / 3 pts
True
False
IncorrectQuestion 23
0 / 3 pts
Contingency
Elimination
Response
Acceptance
Question 24
3 / 3 pts
Who will be gathering the information?
After risks have been identied and categorized, the next major component in developing a risk management plan is to _____
each risk to determine probability and impact.
According to PMBOK, risk responses and contingencies are synonymous.
Two of the biggest concerns in managing risk for any project is the severity of the risk and the ____.
There are two types of risk events – risks and opportunities.
A higher, more strategic-level approach to how the project manager responds to risks is mitigation or _____.
Three important questions asked during the information gathering phase in risk planning include all of the following EXCEPT:
3/5/24, 6:32 PM
Kevin Liang's Quiz History: Quiz: Reflecting the Risk Plan
https://canvas.liberty.edu/courses/573919/quizzes/2751766/history?version=1
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What information should be gathered?
What sources of information are available and reliable?
How many risks should be included in the plan?
Question 25
3 / 3 pts
Neutral
Averse
Seeker
Avoidant
Question 26
3 / 3 pts
plan risk management, plan risk responses
identify risks, documenting risks
control risks, monitor risks
document risks, identify risks
Question 27
3 / 3 pts
risk identication
risk response
information gathering
documenting risk
IncorrectQuestion 28
0 / 3 pts
brainstorming
SWOT
checklist
Delphi
Question 29
3 / 3 pts
Functional
Projectized
Matrix
Departmental
The risk response type for the person who has no problem with taking risks, especially for a particular advantage or gain, would
be risk _____.
According to PMBOK, two of the following are processes in risk management. Which are they?
Which is NOT one of the primary components for the identication of risk?
Resources to help identify risks include the _____ method, which, at its heart, is a dialog between a panel of experts that results in
the reconsideration and narrowing-down process of potential risks.
Which of the following structures is a hybrid or blend of organizational structure?
3/5/24, 6:32 PM
Kevin Liang's Quiz History: Quiz: Reflecting the Risk Plan
https://canvas.liberty.edu/courses/573919/quizzes/2751766/history?version=1
6/7
Question 30
3 / 3 pts
severity or impact
probability of occurrence
both a and b
neither a or b
IncorrectQuestion 31
0 / 3 pts
activity information checklist
activity breakdown structure
work breakdown structure
risk information register
Question 32
3 / 3 pts
True
False
Question 33
3 / 3 pts
True
False
Question 34
3 / 3 pts
True
False
Question 35
3 / 3 pts
accept
transfer
mitigate
exploit
The four critical aspects of understanding how to manage risk include:
The _____ consolidates a large amount of information into a single location for each work activity, enabling the project manager
and project staff to quickly assess each work activity.
According to PMBOK, sensitivity analysis, expected monetary analysis, and modeling and simulation are examples of
quantitative analysis.
It is important to ensure that risk events have closure.
Risk events are likely to happen, to some degree, on every project.
According to PMBOK, what response seeks to shift risk to another party?
3/5/24, 6:32 PM
Kevin Liang's Quiz History: Quiz: Reflecting the Risk Plan
https://canvas.liberty.edu/courses/573919/quizzes/2751766/history?version=1
7/7
Question 36
3 / 3 pts
trigger
respondent
contingency
mitigation
Question 37
3 / 3 pts
True
False
Question 38
3 / 3 pts
True
False
Question 39
3 / 3 pts
developing a proactive mitigation plan
designing contingencies as they are needed
responding to risks realized
responding with necessary adjustments
Question 40
3 / 3 pts
True
False
Quiz Score: 99 out of 120
A _____ is an important planning tool that indicates when a risk event is imminent.
The rst step in the identication of risks is the process of gathering and reviewing information of project work activities.
A common budgetary risk is schedule conicts, when payroll can’t be made.
When a project manager includes risk management as a process in the development of a project, she changes her way of
evaluating risk from that of designing reactive responses to _____.
In a projectized organization, functional managers retain authority of resources within the project.
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