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isqs exam 1 questions and answers with verified solutions
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isqs exam 1 questions and answers with verified solutions
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isqs exam 1 questions and answers with verifiedsolutions
________ and ________ are frequently used to cover project risks—identified and
unknown. The former is used to lesson budget risk, while the latter is used to
diminish schedule risk.
a. Contingency funding | walkthroughs
b. Contingency funding | time buffers
c. Walkthroughs | testing
d. Testing | time buffers
e. Prototyping | walkthroughs - ANSWER A
In which step is a RBS (Risk Breakdown Structure) created?
a. Step 1
b. Step 2
c. Step 3
d. Step 4
e. Step 5 - ANSWER A
Which of the following would not be considered a threat?
a. Competition
b. Economic conditions
c. Inflation
,d. Meeting the project schedule
e. International disruptions - ANSWER D
The risk graph (Larson & Gray, Figure 7.1) informs us of all of the following but
________.
a. the chances of risks occurring decrease over the lifetime of the project
b. initially, the chances of a risk occurring within a project are high
c. at the delivering phase the cost to fix a risk event is low
d. the cost to fix a risk event goes up over the lifetime of a project
e. All of the alternatives are true. - ANSWER C
A(n) ________ is a risk event that can have a positive impact on project objectives.
a. milestone
b. threat
c. strength
d. opportunity
e. weakness - ANSWER D
Most change requests fall within all but one of the following categories?
a. Operations changes to widen the types of equipment the software will run on
b. Scope changes coming from stakeholders, customers
,c. Implementation or contingency plans
d. Improvement changes suggested by project team members
e. None of these alternatives is correct. - ANSWER A
Which of the following is not true of risk?
a. Risks are uncertain events or conditions, which if they happen, has a positive or
negative effect on the project.
b. Some potential risk events can be identified before the project starts.
c. Risks create causes and consequences.
d. Risk management attempts to recognize and manage potential and unforeseen
trouble spots.
e. Significant amounts of planning will overcome risks. - ANSWER E
Which risk response step develops a strategy for reducing possible damage and
develops a contingency plan?
a. Step 1
b. Step 2
c. Step 3
d. Step 4
e. Step 5 - ANSWER C
Within PMBOK, almost every knowledge area begins with a ________ process and
ends with a ________ process.
, a. identifying | controlling
b. planning | controlling
c. planning | closing
d. mediating | delivering
e. identifying | closing - ANSWER B
Some ways to generate lists of possible risks include all but ________.
a. RBS
b. problem identification
c. brainstorming
d. simulation
e. risk profiling - ANSWER D
Which of the following is not one of the sections of the project charter?
a. Discussion of problem or opportunity
b. Purpose or goal of a project
c. Success criteria
d. Detailed list of tasks that make up the project
e. Assumptions/risks/obstacles - ANSWER D
Which of the following is the strategy for mitigating risk?
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