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.

True

False

Question 2. 2.

The demolition of the Seattle Kingdome (Snapshot from Practice) is an example of which of the following?

Mitigating

Retaining

Ignoring

Transferring

Sharing

Question 3. 3.

All of the following are included in the risk identification process except

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?
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.
Random chance

A disaster

Risk

Hazard

Bad luck

Question 6. 6.

Delaying noncritical activities to lower peak demand on resources is known as resource

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
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.

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.

True

False

Question 10. 10.

Fixed price contracts are an example of transferring risk from an owner to a contractor.

True

False