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CIS 517 CIS517 CIS/517 Week 9 Chapter 6

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CIS 517 Week 9 Chapter 6 Assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks describe which of the following processes? Q: You are a project manager for Fountain of Youth Spring Water bottlers. Your project involves installing a new accounting system, and you’re performing the risk-planning processes. You have identified several problems along with the causes of those problems. Which of the following diagrams will you use to show the problem and its causes and effects? Q: On which of the following documents you work throughout the risk management processes? Q: You’ve identified a risk event on your current project that could save $100,000 in project costs if it occurs. Which of the following is true based on this statement? Q: Which of the following processes assesses the likelihood of risk occurrences and their consequences using a numerical rating? Q: Your hardware vendor left you a voicemail saying that a snowstorm in the Midwest will prevent your equipment from arriving on time. You identified a risk response strategy for this risk and have arranged for a local company to lease you the needed equipment until yours arrives. This is an example of which risk response strategy? Q: Your project team is in the process of identifying project risks on your current project. The team has the option to use all of the following tools and techniques to diagram some of these potential risks except for which one? Q: Your team is developing the risk management plan. Which tool and technique of this process is used to develop risk cost elements and schedule activities that will be included in the project budget and schedule? Q: Which of the following information gathering techniques of the Identify Risks process is based on a set of hypotheses or scenarios? Q: Which of the following processes quantifies the aggregate risk exposure for the project by assigning numeric probabilities to risks and their impacts on project objectives? Q: Which of the following statements regarding Ishikawa diagrams in the Identify Risks process is not true? Q: Monte Carlo analysis can help predict the impact of risks on project deliverables. This is an element of one of the tools and techniques of which of the following processes? Q: Which of the following is NOT a part of identify risks process? Q: Your project team has identified several potential risks on your current project that could have a significant impact if they occurred. The team examined the impact of the risks by keeping all the uncertain elements at their baseline values. What type of diagram will the team use to display this information? Q: Which of the following terms defines the degree, amount, or volume of risk that an organization or individual will withstand? Q: All of the following statements are true regarding the RBS except for which one? Q: Which of the following risk identification techniques is described in the statement below? “It is used to gather information where participants don’t know each other nor do they have to be present at the same location.” Q: Your hardware vendor left you a voicemail saying that a snowstorm in the Midwest might prevent your equipment from arriving on time. She wanted to give you a heads-up and asked that you return the call. Which of the following statements is true? Q: You are constructing a probability and impact matrix for your project. Which of the following statements is true? Q: All of the following statements are true regarding risk events except which one? Q: Your team has identified the risks on the project and determined their risk score. The team is in the midst of determining what strategies to put in place should the risks occur. After some discussion, the team members have determined that the risk of losing their network administrator is a risk they’ll just deal

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