MGMT 410 EXAM 3 REVIEW EXAM 40
QUESTIONS WITH VERIFIED ANSWERS
time - CORRECT ANSWER In the Comet case study, the main (driver) constraint for
the project was
technical - CORRECT ANSWER In the Comet case study, most of the risk could be
identified as
minimize - CORRECT ANSWER Which risk mitigation strategy would be most
appropriate for the Tacoma Narrows case?
0.7 - CORRECT ANSWER Which risk score would be most appropriate for the
Tacoma Narrows case?
design - CORRECT ANSWER In the Tacoma Narrows case study, the most significant
error was related to
1. Risk identification
2. Analysis of probability and consequences
3. Risk mitigation strategies
4. Control and documentation - CORRECT ANSWER 4 Stages of Risk Management
4. e—All are examples of significant potential project risks - CORRECT ANSWER All
of the following would be considered examples of significant project risks except:
a. Financial risks
, b. Technical risks
c. Commercial risks
d. Legal risks
e. All are examples of significant potential project risks
subjective - CORRECT ANSWER A drawback of the checklist model is that it is
is impacted by inflation - CORRECT ANSWER The time value of money
risk-return pair of axes - CORRECT ANSWER The profile model plots a graph on a
a financial model - CORRECT ANSWER The payback period is
portfolio management - CORRECT ANSWER The systematic process of selecting,
supporting, and managing a firm's collection of projects is called
e—Remember that stakeholders are defined as any group, either internal or
external, that can affect the performance of the project - CORRECT ANSWER The
project manager spends a great deal of her time communicating with project
stakeholders. Which of the following represent an example of a stakeholder group
for her project?
a. Top management
b. Customers
c. Project team members
d. Functional group heads
QUESTIONS WITH VERIFIED ANSWERS
time - CORRECT ANSWER In the Comet case study, the main (driver) constraint for
the project was
technical - CORRECT ANSWER In the Comet case study, most of the risk could be
identified as
minimize - CORRECT ANSWER Which risk mitigation strategy would be most
appropriate for the Tacoma Narrows case?
0.7 - CORRECT ANSWER Which risk score would be most appropriate for the
Tacoma Narrows case?
design - CORRECT ANSWER In the Tacoma Narrows case study, the most significant
error was related to
1. Risk identification
2. Analysis of probability and consequences
3. Risk mitigation strategies
4. Control and documentation - CORRECT ANSWER 4 Stages of Risk Management
4. e—All are examples of significant potential project risks - CORRECT ANSWER All
of the following would be considered examples of significant project risks except:
a. Financial risks
, b. Technical risks
c. Commercial risks
d. Legal risks
e. All are examples of significant potential project risks
subjective - CORRECT ANSWER A drawback of the checklist model is that it is
is impacted by inflation - CORRECT ANSWER The time value of money
risk-return pair of axes - CORRECT ANSWER The profile model plots a graph on a
a financial model - CORRECT ANSWER The payback period is
portfolio management - CORRECT ANSWER The systematic process of selecting,
supporting, and managing a firm's collection of projects is called
e—Remember that stakeholders are defined as any group, either internal or
external, that can affect the performance of the project - CORRECT ANSWER The
project manager spends a great deal of her time communicating with project
stakeholders. Which of the following represent an example of a stakeholder group
for her project?
a. Top management
b. Customers
c. Project team members
d. Functional group heads
