INTE Chapter 10 Test Questions and Answers

INTE Chapter 10 Test Questions and Answers All of the following describe an appropriate application of Plan Risk Responses in project management EXCEPT: A. Risk response planning should address both opportunities and threats. B. Responses should be created for every identified project risk. C. The expectations of the sponsor and key stakeholders should influence the risk responses that are developed. D. Often multiple strategies are identified for a single risk. - Answer-B. Responses should be created for every identified project risk. The process of deciding how to approach, plan and execute risk management activities for a project is known as Project Risk Absorption Methodology (PRAM). T or F - Answer-False Which of the following describes the appropriate use of a cause-and-effect diagram to support project risk analysis? A. The project team begins by identifying strengths, weaknesses, opportunities and threats. B. Assumptions and constraints are organized in a fishbone pattern. C. Although effects are more visible, it is often easier to alter the effect by changing the underlying cause. D. Team members are encouraged to keep asking "when?" to break down risks into more detailed causes. - Answer-C. Although effects are more visible, it is often easier to alter the effect by changing the underlying cause. When complete, the risk register presents the results of both qualitative and quantitative risk analysis as well as risk response planning. T or F - Answer-True Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity? A. establish triggers and update them frequently B. establish time or cost contingencies C. construct a prototype to learn more about a candidate solution D. identify a risk owner to each high priority risk - Answer-C. construct a prototype to learn more about a candidate solution