BUS 519 Project Risk Management Week 4 Quiz
BUS 519 Project Risk Management Week 4 Quiz
Which of the following documents is most useful to communicate and solicit inputs of the project stakeholders during risk identification? This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
B Requirements management plan
C Stakeholder register
D Risk register
Question 2 :A technique that measures what an organization can and cannot do, and its potential opportunities and threats is known as which of the following?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Checklist analysis
B Root cause analysis
C SWOT analysis
D Assumptions analysis
Tom works as a project manager for BlueWell, Inc. He’s determining which risks can affect his project. Which of the following inputs of the “identify risks” process is useful in doing so and provides a quantitative assessment of likely cost to complete scheduled activities?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Cost management plan
B Risk management plan
C Activity cost estimates
D Activity duration estimates
Question 4 :You and your project team are just starting the risk identification activities for a project that is scheduled to last for 18 months. Your project team has already identified a long list of risks that need to be analyzed. How often should you and the project team do risk identification?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Several times until the project moves into execution
B At least once a month
C Identify risk is an iterative process.
D It depends on how many risks are initially identified.
Which of the following techniques is used to verify the fundamental basis that causes a defect, a variance, or a risk?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Risk transference
B Risk mitigation
C Risk avoidance
D Root cause analysis
Which of the following techniques depicts how the elements of a system are related to each other and shows the logical flow of a process?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Analysis diagram
B Influence diagram
C System or process flow chart diagram
D Cause-and-effect diagram
John works as a project manager for uCertify Inc. He’s working on a project and finds that the project is not running according to project plans. He needs to examine the existing project plans for determining whether they were consistent with the project requirements. Which of the following techniques will John use to accomplish the task?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Checklist analysis
B Process flow chart
C Documentation reviews
D Brainstorming
Question 8 :You are working with your project stakeholders to identify risks within JKP Project. You want to use an approach to engage stakeholders to increase the breadth of identified risks by including internally generated risks. Which identify risks approach is best suited for this goal?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A SWOT analysis
B Delphi technique
C Assumptions analysis
D Brainstorming
The identify risks process determines the risks that affect the project and document their characteristics. Why should the project team members be involved in the identify risks process?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A They are the individuals that will most likely cause and respond to the risk events.
B They are the individuals that will have the best responses for identified risk events within the project.
C They are the individuals that are most affected by the risk events.
D They are the individuals that will need a sense of ownership and responsibility for the risk events.
You are the project manager of the GYH project in your organization. Management has asked you to begin identifying risks and to use an information gathering technique. Which one of the following risk identification approaches is an information gathering technique?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Root cause analysis
B SWOT analysis
C Documentation reviews
D Assumptions analysis
Which of the following are objectives of risk identification?
Each correct answer represents a complete solution. Choose all that apply.
This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
AIt establishes and maintains the strategy to be used for risk management.
BIt should explicitly address uncertainty and assumptions.
CIt identifies and categorizes risks that could affect the project and documents these risks.
DIt defines the parameters used for analyzing and categorizing risks, and the parameters used for controlling the risk management effort.
BUS519 Project Risk Management
Week 5 Quiz
Which of the following distributions represents possible scenarios in a decision tree, outcomes of a test, results of a prototype, and other uncertain events?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Normal
B Triangular
C Discrete
D Lognormal
As a project manager, you are looking for all possible options of project risks, which may impact the project schedule. In order to get this detailed information in an accurate form, which type of data analysis technique can be used?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A EMV analysis
B SWOT analysis
C Assumptions analysis
D Monte Carlo analysis
Which of the following qualitative risk analysis techniques is normally used in the planning phase to identify weaknesses and hazards in a processing facility?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A FMECA
B HAZOP
C SWIFT
D FMEA
Which of the following is the process of identifying the most probable threats to an organization and analyzing the related vulnerabilities of the organization to these threats?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Risk assessment
B Business impact analysis
C Risk communication
D Risk analysis
Question 5 :As a project manager, you have developed a risk management plan for predicting and mitigating risks. Also, you have identified all the risks that might impact the project. What is the project manager likely to do next?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Perform quantitative risk analysis
B Plan risk responses
C Control risks
D Perform qualitative risk analysis
Your project team has completed the perform quantitative risk analysis process for your project work. Based on their findings, they need to update the risk register with several pieces of information. Which one of the following components is likely to be updated in the risk register based on their analysis?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Listing of risk mitigation
B Risk ranking matrix
C Prioritized list of quantified risks
D Qualitative analysis outcomes
Mark works as a project manager for TechSoft Inc. Mark, the project team, and the key project stakeholders have completed a round of qualitative risk analysis. He needs to update the risk register with his findings so that he can communicate the risk results to the project stakeholders including management. Mark will need to update all of the following information except for which one?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Watchlist of low-priority risks
B Risks scores
C Prioritized list of quantified risks
D Trends in qualitative risk analysis
John has just finished updating the risk register with the list of risks that needs additional analysis and response. Under which of the following project risk management processes does this come?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9.
A Perform quantitative risk analysis
B Identify risks
C Plan risk management
D Perform qualitative risk analysis
ADDITIONAL INSTRUCTIONS FOR THE CLASS
Discussion Questions (DQ)
Initial responses to the DQ should address all components of the questions asked, include a minimum of one scholarly source, and be at least 250 words.
Also Read: BUS 519 Project Risk Management Week 3 Quiz
Successful responses are substantive (i.e., add something new to the discussion, engage others in the discussion, well-developed idea) and include at least one scholarly source.
One or two sentence responses, simple statements of agreement or “good post,” and responses that are off-topic will not count as substantive. Substantive responses should be at least 150 words.
I encourage you to incorporate the readings from the week (as applicable) into your responses.
Weekly Participation
Your initial responses to the mandatory DQ do not count toward participation and are graded separately.
In addition to the DQ responses, you must post at least one reply to peers (or me) on three separate days, for a total of three replies.
Participation posts do not require a scholarly source/citation (unless you cite someone else’s work).
Part of your weekly participation includes viewing the weekly announcement and attesting to watching it in the comments. These announcements are made to ensure you understand everything that is due during the week.
APA Format and Writing Quality
Familiarize yourself with APA format and practice using it correctly. It is used for most writing assignments for your degree. Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for APA paper templates, citation examples, tips, etc. Points will be deducted for poor use of APA format or absence of APA format (if required).
Cite all sources of information! When in doubt, cite the source. Paraphrasing also requires a citation.
I highly recommend using the APA Publication Manual, 6th edition.
Use of Direct Quotes
I discourage overutilization of direct quotes in DQs and assignments at the Masters’ level and deduct points accordingly.
As Masters’ level students, it is important that you be able to critically analyze and interpret information from journal articles and other resources. Simply restating someone else’s words does not demonstrate an understanding of the content or critical analysis of the content.
It is best to paraphrase content and cite your source.
LopesWrite Policy
For assignments that need to be submitted to LopesWrite, please be sure you have received your report and Similarity Index (SI) percentage BEFORE you do a “final submit” to me.
Once you have received your report, please review it. This report will show you grammatical, punctuation, and spelling errors that can easily be fixed. Take the extra few minutes to review instead of getting counted off for these mistakes.
Review your similarities. Did you forget to cite something? Did you not paraphrase well enough? Is your paper made up of someone else’s thoughts more than your own?
Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for tips on improving your paper and SI score.
Late Policy
The university’s policy on late assignments is 10% penalty PER DAY LATE. This also applies to late DQ replies.
Please communicate with me if you anticipate having to submit an assignment late. I am happy to be flexible, with advance notice. We may be able to work out an extension based on extenuating circumstances.
If you do not communicate with me before submitting an assignment late, the GCU late policy will be in effect.
I do not accept assignments that are two or more weeks late unless we have worked out an extension.
As per policy, no assignments are accepted after the last day of class. Any assignment submitted after midnight on the last day of class will not be accepted for grading.
Communication
Communication is so very important. There are multiple ways to communicate with me:
Questions to Instructor Forum: This is a great place to ask course content or assignment questions. If you have a question, there is a good chance one of your peers does as well. This is a public forum for the class.
Individual Forum: This is a private forum to ask me questions or send me messages. This will be checked at least once every 24 hours.