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RMP - Mini Exam - Quiz-3 Flashcards | StudBud
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RMP - Mini Exam - Quiz-3
RMP - Mini Exam - Quiz-3
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Flashcards
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Questions
28
Answers
1
IF my project is complex and I have qualified team to do the analysis then I can …
Use Qualitative Risk Analysis
Use expert judijment Only
Use Quantitively Risk Analysis
Use Brainstorming only
2
Risk Probability & Impact assessment are usually related to …
Enterprise Environment Factors
Qualitative Risk Analysis
Quantitively Risk Analysis
Project charter
3
is a computerized mathematical that allows to account quantitative to decision making.
Sensitivity Analysis
(EMV) Analysis
Monte Carlo Simulation
Tornado Diagram
4
…. while we are planning for risk responses the response itself may create a new risk
Residual Risk
Risk owner
Risk Trigger
Secondary risk
5
Assumptions log updates is output of
Project charter
Risk Register
Qualitative Risk Analysis
Enterprise Environment Factors
6
The goal of the ... is to rank the risks and determine which ones need further analysis
Quantitively Risk Analysis
Risk Categorizations
Risk Register
Qualitative Risk Analysis
7
….. Is includes Information on prior, similar projects
Project charter
Organizational Process Assets
Qualitative Risk Analysis
Enterprise Environment Factors
8
…. Is continue Guidelines, methods and tools to be used for quantitative risk analysis
Enterprise Environment Factors
Risk Management Plan
Cost & Time Analysis
Project charter
9
Decision Tree is also known as …
Tornado Diagram
Enterprise Environment Factors
Sensitivity Analysis
(EMV) Analysis
10
Qualitative Risk Analysis is usually related to …
Identify Extra project risk
Find about a plan to response to Higher value risk
Assessing Accuracy of probability and impact
Numerically assessing risk values
11
… a general direction in which something is developing or changing.
Monte Carlo Simulation
(EMV) Analysis
Trends
Tornado Diagram
12
In Qualitative Risk Analysis, I need to ask all these Q, EXEPT …
What is cost of Response ?
Dose the risk itself understood ?
Dose information accurate ?
Is the data used of high quality?
13
Move the whole subject to higher authority above the project manager is …
Transfer
Mitigate
Share
Escalate
14
If the project is small or medium, what I should do with Risk ?
Use Quantitively Risk Analysis
Use expert judijment Only
Use Brainstorming only
Use Qualitative Risk Analysis
15
…. is a quantitative method of analyzing the potential impact of risk events on the project
Sensitivity Analysis
(EMV) Analysis
Risk Categorizations
Cost & Time Analysis
16
The basic concept to deal with threats is to
Escalate it
Minimize it
Avoided
Enhance it
17
For threats we usually use the response like …
Mitigate, Avoid, Transfer
Mitigate, Avoid, Share
Mitigate, Avoid, Enhance
Share, Enhance, Exploit
18
If some stakeholder is look the risk as challenge he might be
Risk Taker
Risk owner
Risk resistance
Risk tolerant
19
Schedule Management Plan is help to have
tools to be used for quantitative risk analysis
Cost & Time Analysis
Information on prior, similar projects
Guidelines on establishing and managing risk reserves
20
some balance risks we have no-thing to do with it, usually it's called …
Secondary risk
Risk Trigger
Residual Risk
Escalate Risk
21
Which risk analysis processes takes more time and efforts ?
Quantitively Risk Analysis
Monto Carlo Analysis
Qualitative Risk Analysis
Time Analysis
22
…. is an event or condition that causes a risk to occur
Risk owner
Risk Trigger
Sensitivity Analysis
Trends
23
… Is an allowance is the amount of money the project will likely need in the
Share
Work around
Contingency
Escalate
24
With …… it is hard to track the performance of risk management
Quantitively Risk Analysis
Qualitative Risk Analysis
Cost & Time Analysis
Monto Carlo Analysis
25
Expected Monetary Value is important tool for
Quantitively Risk Analysis
Qualitative Risk Analysis
Risk Register
Risk Categorizations
26
One of the key advantage of ……. That risk will be presented in exact Financial values
Qualitative Risk Analysis
Cost Analysis
Monto Carlo Analysis
Quantitively Risk Analysis
27
If I do not have a enough budget for risk analysis, I should …
Use Quantitively Risk Analysis
Use Qualitative Risk Analysis
Use expert judijment Only
Use Brainstorming only
28
…. technique is used to determine the effects risk has on the project
Risk Register
Risk urgency assessment
Risk Categorizations
expert judijment
