Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
Test Bank for Project
Management A Risk-
Management Approach 1st
Edition By Ted Klastorin and
Gary Mitchell
(All Chapters 1-12, 100% Original
Verified, A+ Grade)
This is The Only Original and
Complete Test Bank for 1st
Edition, All Other Files in The
Market are Fake/Old/Wrong
Edition.
Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
, Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
Table Of Contents
Chapter 1. An Introduction to Project
Management
Chapter 2. Project Initiation and
Selection
Chapter 3. Project Planning
Chapter 3S. Supplement: Agile Project
Management
Chapter 4. Defining Project Content
Chapter 4S. Supplement: Review of
Probability and Distribution Functions
Chapter 5. Scheduling a Deterministic
Project
Chapter 6. Project Trade-Offs and Risk
Mitigation
Chapter 7. Scheduling Stochastic
Projects
Chapter 7S. Supplement: Monte Carlo
Simulation
Chapter 8. Managing Project Resources
Chapter 9. Project Teams
Chapter 10. Managing Decentralized
Projects
Chapter 11. Assessing Project Progress
Chapter 12. Managing a Multiproject
Environment
Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
, Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin Student Resource
and Gary Mitchell
Klastorin, Project Management,1e
SAGE Publishing, 2021
Test Bank
Chapter 1: An Introduction to Project Management
Multiple Choice
1. Which of the following factors does not contribute to the growth in demand for good
project management skills?
a. The size, number, and significance of projects has increased.
b. Complex strategic projects have a direct impact on an organization’s ability to survive
c. Both private and public sector leaders are increasingly focused on ways to increase
the likelihood of positive project outcomes
d. Project managers have saturated the job market.
Ans: D
RAT: An overabundance of project management expertise would not cause a growth in
demand for good project management skills. An increase in the size, complexity and
significance of projects, in addition to the importance of achieving positive project
outcomes, would.
Learning Objective: 1.1: State why there is a growing need for people with strong
project management skills.
Cognitive Domain: Comprehension
Answer Location: Introduction
Difficulty Level: Easy
2. How is project risk defined?
a. any event or factor that may increase the likelihood that a project will fail to achieve
its goals
b. an uncertain event that will result in sunk or unrecoverable cost
c. the likelihood that an organization is going to lose money during the project lifecycle
d. the degree to which an organization is willing to tolerate uncertainty
Ans: A
RAT: Project risk is defined simply as any event or factor that may increase the
likelihood that the project will fail to achieve its goals.
Learning Objective: 1.1: State why there is a growing need for people with strong
project management skills.
Cognitive Domain: Knowledge
Answer Location: Risk Management
Difficulty Level: Easy
3. ______ the definition for any detrimental event falling outside the direct control of the
project manager or project team.
a. Extraneous
b. Exogenous
c. Environmental
d. Endogenous
Ans: B
Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
, Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin Student Resource
and Gary Mitchell
Klastorin, Project Management,1e
SAGE Publishing, 2021
RAT: Any detrimental event that is outside the direct control of the project managers or
project team is considered to be an exogenous, or external, event.
Learning Objective: 1.1: State why there is a growing need for people with strong
project management skills.
Cognitive Domain: Knowledge
Answer Location: Risk Management
Difficulty Level: Easy
4. ______ factors are typically within the control of the project manager and/or project
team.
a. Extraneous
b. Exogenous
c. Environmental
d. Endogenous
Ans: D
RAT: Endogenous factors are factors that typically fall within the control of the project
team. Examples include project vendor or contractor selection or project scheduling
activities.
Learning Objective: 1.1: State why there is a growing need for people with project
management skills.
Cognitive Domain: Knowledge
Answer Location: Risk Management
Difficulty Level: Easy
5. Most risks associated with exogenous factors can be managed at the ______ level.
a. portfolio
b. program
c. project
d. operational
Ans: C
RAT: Even though project managers typically cannot control exogenous factors, most
exogenous factors can be managed at the project level. For example, a project manager
may arrange to have personal protective equipment provided to employees to reduce the
risk of injury while on the job.
Learning Objective: 1.1: State why there is a growing need for people with strong
project management skills.
Cognitive Domain: Knowledge
Answer Location: Risk Management
Difficulty Level: Easy
6. Both exogenous and endogenous factors must be identified ______ of every project
and ______ throughout the project’s duration.
a. at the beginning; carefully managed
b. during the planning; mitigated
c. before the end; controlled
d. before closure; addressed
Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
Test Bank for Project
Management A Risk-
Management Approach 1st
Edition By Ted Klastorin and
Gary Mitchell
(All Chapters 1-12, 100% Original
Verified, A+ Grade)
This is The Only Original and
Complete Test Bank for 1st
Edition, All Other Files in The
Market are Fake/Old/Wrong
Edition.
Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
, Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
Table Of Contents
Chapter 1. An Introduction to Project
Management
Chapter 2. Project Initiation and
Selection
Chapter 3. Project Planning
Chapter 3S. Supplement: Agile Project
Management
Chapter 4. Defining Project Content
Chapter 4S. Supplement: Review of
Probability and Distribution Functions
Chapter 5. Scheduling a Deterministic
Project
Chapter 6. Project Trade-Offs and Risk
Mitigation
Chapter 7. Scheduling Stochastic
Projects
Chapter 7S. Supplement: Monte Carlo
Simulation
Chapter 8. Managing Project Resources
Chapter 9. Project Teams
Chapter 10. Managing Decentralized
Projects
Chapter 11. Assessing Project Progress
Chapter 12. Managing a Multiproject
Environment
Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
, Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin Student Resource
and Gary Mitchell
Klastorin, Project Management,1e
SAGE Publishing, 2021
Test Bank
Chapter 1: An Introduction to Project Management
Multiple Choice
1. Which of the following factors does not contribute to the growth in demand for good
project management skills?
a. The size, number, and significance of projects has increased.
b. Complex strategic projects have a direct impact on an organization’s ability to survive
c. Both private and public sector leaders are increasingly focused on ways to increase
the likelihood of positive project outcomes
d. Project managers have saturated the job market.
Ans: D
RAT: An overabundance of project management expertise would not cause a growth in
demand for good project management skills. An increase in the size, complexity and
significance of projects, in addition to the importance of achieving positive project
outcomes, would.
Learning Objective: 1.1: State why there is a growing need for people with strong
project management skills.
Cognitive Domain: Comprehension
Answer Location: Introduction
Difficulty Level: Easy
2. How is project risk defined?
a. any event or factor that may increase the likelihood that a project will fail to achieve
its goals
b. an uncertain event that will result in sunk or unrecoverable cost
c. the likelihood that an organization is going to lose money during the project lifecycle
d. the degree to which an organization is willing to tolerate uncertainty
Ans: A
RAT: Project risk is defined simply as any event or factor that may increase the
likelihood that the project will fail to achieve its goals.
Learning Objective: 1.1: State why there is a growing need for people with strong
project management skills.
Cognitive Domain: Knowledge
Answer Location: Risk Management
Difficulty Level: Easy
3. ______ the definition for any detrimental event falling outside the direct control of the
project manager or project team.
a. Extraneous
b. Exogenous
c. Environmental
d. Endogenous
Ans: B
Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
, Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin Student Resource
and Gary Mitchell
Klastorin, Project Management,1e
SAGE Publishing, 2021
RAT: Any detrimental event that is outside the direct control of the project managers or
project team is considered to be an exogenous, or external, event.
Learning Objective: 1.1: State why there is a growing need for people with strong
project management skills.
Cognitive Domain: Knowledge
Answer Location: Risk Management
Difficulty Level: Easy
4. ______ factors are typically within the control of the project manager and/or project
team.
a. Extraneous
b. Exogenous
c. Environmental
d. Endogenous
Ans: D
RAT: Endogenous factors are factors that typically fall within the control of the project
team. Examples include project vendor or contractor selection or project scheduling
activities.
Learning Objective: 1.1: State why there is a growing need for people with project
management skills.
Cognitive Domain: Knowledge
Answer Location: Risk Management
Difficulty Level: Easy
5. Most risks associated with exogenous factors can be managed at the ______ level.
a. portfolio
b. program
c. project
d. operational
Ans: C
RAT: Even though project managers typically cannot control exogenous factors, most
exogenous factors can be managed at the project level. For example, a project manager
may arrange to have personal protective equipment provided to employees to reduce the
risk of injury while on the job.
Learning Objective: 1.1: State why there is a growing need for people with strong
project management skills.
Cognitive Domain: Knowledge
Answer Location: Risk Management
Difficulty Level: Easy
6. Both exogenous and endogenous factors must be identified ______ of every project
and ______ throughout the project’s duration.
a. at the beginning; carefully managed
b. during the planning; mitigated
c. before the end; controlled
d. before closure; addressed
Test Bank for Project Management A Risk- Management Approach 1st Edition By Ted Klastorin and Gary Mitchell
