Due to the impact over a long period of time, risk events that occur in the early stages of a project will have a greater cost impact than those that occur in later stages

Question 1. 1. Due to the impact over a long period of time, risk events that occur in the early stages of a project will have a greater cost impact than those that occur in later stages. (Points : 1)

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True

False
Question 2. 2. The demolition of the Seattle Kingdome (Snapshot from Practice) is an example of which of the following? (Points : 1)

Mitigating

Retaining

Ignoring

Transferring

Sharing
Question 3. 3. All of the following are included in the risk identification process except (Points : 1)

Customers

Subcontractors

Competitors

Vendors

None of these are included
Question 4. 4. Which of the following is identified to cover major unforeseen risks and, hence, are applied to the total project? (Points : 1)

Budget reserves

Management reserves

Time buffers

Both B and C are correct

A, B, and C are all correct
Question 5. 5. An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objectives is termed. (Points : 1)

Random chance

A disaster

Risk

Hazard

Bad luck
Question 6. 6. Delaying noncritical activities to lower peak demand on resources is known as resource (Points : 1)

Shifting

Effectiveness

Manipulating

Resource smoothing

Allocation
Question 7. 7. In a resource-constrained project the second priority in assigning resources is usually given to activities with the (Points : 1)

Smallest duration

Least slack

Most slack

Lowest identification number

Highest cost
Question 8. 8. Too many parallel activities for one individual are an example of a resource constraint. (Points : 1)

True

False
Question 9. 9. Many companies are using outsourcing as a means for dealing with their resource allocation problems associated with managing multiproject resources. (Points : 1)

True

False
Question 10. 10. Fixed price contracts are an example of transferring risk from an owner to a contractor. (Points : 1)

True

False