Mitigating project risk is accomplished in which phase of


1. Which of the following is usually composes the largest amount on a project budget?
a. planning
b. goods and services
c. execution
d. labor

2. When project resources are not constrained - which of the following is not an effective method for accelerating project completion?
a. reduce resources
b. scheduling overtime
c. compromise project quality
d. reducing project scope

3. Which of the following would not be considered a project resource?
a. programmer
b. computer
c. schedule
d. conference room

4. Which of the following is not a function of risk assessment?
a. risk monitoring
b. risk prioritization
c. risk identification
d. risk analysis

5. Which of the following would come last in estimating projects?
a. develop schedules and budgets
b. develop the WB/OBS
c. make bottom-up estimates
d. make rough top-down estimates

6. There are many ways to report the ongoing completion status of a project. Which of the following methods is most accurate in calculating a completion percentage for the project?
a. actual days/weeks elapsed multiplied by 100 - then divided by total scheduled days/weeks
b. actual project expenditures multiplied by 100 - then divided by total estimated project cost
c. actual man-hours completed multiplied by 100 - then divided by total estimated project man-hours
d. actual tasks completed multiplied by 100 - then divided by total scheduled tasks

7. It is almost cliché that the bigger the project - the more difficult it is to estimate the time and cost necessary for successful completion. Which of the following is the LEAST valid reason to discourage bigger IT projects?
a. Big projects mean big overhead. This is partly caused by the need for more-frequent meetings to keep a larger team informed. That means less time to produce results.
b. Big projects mean big risks. The bigger the IT project - the more likelihood of encountering both expected and unexpected problems
c. Big projects tend to suffer from a lack of initial urgency - resulting in slow initial progress followed by near panic as the deadline approaches
d. Big projects must rely on guesswork to estimate future costs of required goods - services - technological platforms - wages - and the availability of the original team personnel

8. Mitigating project risk is accomplished in which phase of project risk management?
a. response
b. documentation
c. assessment
d. identification

9. Which of the following is not a helpful method to handle uncertainty in a project?
a. risk analysis
b. nonnumeric selection models
c. use pro forma documents
d. simulation

10. Which of the following documents can be used for risk mitigation?
a. quotation
b. requirements
c. contract
d. proposal

11. In a matrix organization - who would be responsible for assigning personnel and resolving dilemmas?
a. project managers
b. top management
c. subcontractors
d. functional managers

12. Which of the following conditions makes it preferable to use a bottom-up (micro) estimate of a project?
a. fixed-price contract
b. internal small project
c. unstable scope
d. high project uncertainty

13. Which of the following is usually not part of a technical project proposal?
a. past experience
b. technical approach
c. implementation plan
d. follow-on support plan

14. Which of the following is not a criterion for an organizational project selection model?
a. resources
b. realism
c. flexibility
d. capability

15. The simplest and most commonly used scheduling technique is the Gantt chart. Regarding Gantt charts - which of the following statements is not true?
a. the chart consists of a horizontal scale divided into time units and a vertical scale showing project work elements
b. a big advantage to the Gantt chart is that it gives a clear pictorial model of the project
c. One drawback to the Gantt chart is that it cannot help in assessing the status of the project as a whole
d. after the project is underway the Gantt chart helps in assessing the status of individual work elements

16. Which of the following network methods for project planning - scheduling - and control is not considered a critical path method?
a. DOS
b. Gantt chart
c. PERT
d. CPM

17. Which of the following tools is used to estimate future schedule trends?
a. Gantt chart
b. Pareto diagram
c. PERT chart
d. control chart

18. Which of the following tools can provide the answer to a build or buy decision?
a. ROI analysis
b. Ishikawa diagram
c. fishbone model
d. decision tree analysis

19. Tools used for the sharing of information within a project team is known as
a. project management tools
b. collaboration tools
c. professional tools
d. office tools

20. Which of the following is a barrier to the project planning activity?
a. poor coordination
b. unclear definition
c. tight schedule
d. poor communication

21. What type of project organization is where the team members of a project usually work for different functional departments?
a. functional organization
b. matrix organization
c. PMO
d. line organization

22. In conducting project team meetings - which of the following is the most important item to establish in the first project team meeting?
a. planning decisions
b. ground rules
c. change decisions
d. relationship decisions

23. Reducing project time from a normal time to an optimal time depends on which of the following?
a. costs and risks involved
b. importance of meeting a deadline
c. a judgement call
d. the sensitivity of the project network

24. The risk register is initiated during which of the following processes?
a. risk identification
b. qualitative risk analysis
c. quantitative risk analysis
d. risk management planning

25. Which of the following tools should a project manager use in crashing a project with variable activity times?
a. PERT
b. CPM
c. fishbone
d. Gantt chart

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Management Theories: Mitigating project risk is accomplished in which phase of
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