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10 Cards in this Set
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__________ is an uncertainty that can have a negative or positive effect on meeting project objectives. | d: Risk | |
A person who is risk-_____________ receives greater satisfaction when more payoff is at stake and is willing to pay a penalty to take risks. | b: seeking | |
Which risk management process involves prioritizing risks based on their probability and impact of occurrence? | c: performing qualitative risk analysis | |
Your project involves using a new release of a common software application, but if that release is not available, your team has _____________ plans to use the current release. | a: contingency | |
Which risk identification tool involves deriving a consensus among a panel of experts by using anonymous input regarding future events? | d: Delphi technique | |
A risk _____________ is a document that contains results of various risk management pro- cesses, and is often displayed in a table or spreadsheet format. | b: Register | |
_____________ are indicators or symptoms of actual risk events, such as a cost overrun on early activities being a symptom of poor cost estimates. | d: Triggers | |
Suppose there is a 30 percent chance that you will lose $10,000 and a 70 percent chance that you will earn $100,000 on a particular project. What is the project’s estimated monetary value? | c: $67,000 | |
_____________ is a quantitative risk analysis tool that uses a model of a system to analyze its expected behavior or performance. | a: Simulation | |
Your project team has decided not to use an upcoming release of software because it might cause your schedule to slip. Which negative risk response strategy are you using? | a: avoidance |
risk … is a document that contains results of various risk management processes, often displayed in a table or spreadsheet format? Answer key: A. register. Source from encyclopedia, risk … is a document that contains results of
various risk management processes, often displayed in a table or spreadsheet format register. Discussion and Explanation I think the answer A. register is the most correct answer, it can be proven from reading books and information on google. I think the answer B. breakdown structure is an incorrect answer, because it is clear that the question and answer are not connected at all. I think the answer C. probability/impact matrix is the wrong
answer, because the answer is more appropriate if used for other questions. I think the answer D. management plan is the wrong answer, because the answer has deviated from what was asked. Conclusion From the explanation and discussion as well as the choices above, I can conclude that the most correct answer is A. register. If you still have other questions or want to ask something, please write in the comments column below.