Question

1. Responses to risk can be classified as all of the following except.
A. mitigating
B. Avoiding
C. transferring
D. ending
E. Retaining
F. All
2. Mitigating risk is a strategy that
A. Does nothing to change a risk event
B. change the project to eliminate a risk event
C. Reduces the impact that a risk event has on the project
D. Change the owner of a risk event
E. None
3. The parallel method of leveling a resource con trained project use the following priorities in this order
(1): lowest ID number (2): minimum slack (3): smallest duration
A.123
B. 132
C. 213
D. 231
E. 312
F. 321
4. What step of developing a work breakdown structure is critical to create the planned value of a project.
A. Define work
B. Identify time to complete a work package
C. Identify a time-phased budget to complete a work package
D. Identify resources needed
E. Identify a single person responsible for units of work
F. Identify monitoring points for measuring progress
5. Methods to deal with multi-project resource scheduling issues include all of the following except
A. using outsourcing
B. using a project department to schedule across multiple project
C. scheduling resources across all project using heuristics and project priorities
D. using a first come first served rule
E. all

Answer 1

Answer 1:

Option E. All the other options are responses to risks like mitigating, avoiding, transferring and ending. But retaining is not a response to risk strategy.

Answer 2:

Option C. Mitigating risk means lowering the impact of risk. Thus, mitigating risk is a strategy that reduces  the impact that a risk event has on the project.

Answer 3:

Option D. The correct order a resource cum trained project is Minimum slack, Smallest Duration and lowest ID number.

Answer 4:

Option C. To develop a work breakdown structure that is critical to create the planned value of the project is identifying a time phased budget to complete a work package.

Answer 5:

Option D. First come and first served rule is not one of the methods used to deal with multi project resource scheduling issues.