MISY 4350 questions and answers graded A+ 2023/2024

MISY 4350____ are developed for risks that have a high impact on meeting project objectives, and are put into effect if attempts to reduce the risk are not effective. - correct answer Fallback plans ____ addresses the ease of performing maintenance on a product. - correct answer Maintainability Key outputs of ____ process are project staff assignments, resource calendars, and project management plan updates. - correct answer Acquiring the project team ____ involves periodically evaluating overall project performance to ensure that the project will satisfy the relevant quality standards. - correct answer performing quality assurance Project quality management involves ____ main processes. - correct answer three ____ is the degree to which a system performs its intended function. - correct answer functionality Poor conflict management, poor project organization and definition of responsibilities, and absence of leadership are risk conditions associated with the ____ project management knowledge area. - correct answer Human resources ____ involves monitoring identified and residual risks, identifying new risks, carrying out risk response plans, and evaluating the effectiveness of risk strategies throughout the life of the project. - correct answer Monitoring and controlling risks ____ involves eliminating a specific threat, usually by eliminating its causes. - correct answer Risk avoidance Utility rises at a decreasing rate for a ____ person. - correct answer risk averse There are ____ major processes involved in risk management. - correct answer six "Will the project meet NPV, ROI, and payback estimates?" applies to which risk category? ____ - correct answer Financial risk ____ are predefined actions that the project team will take if an identified risk event occurs. - correct answer contingency Plan A(n) ____ is a diagramming analysis technique used to help select the best course of action in situations in which future outcomes are uncertain. - correct answer decision tree A(n) ____ is a column chart that shows the number of resources assigned to a project over time. - correct answer resource histogram The main outputs of ____ are a quality management plan, quality metrics, quality checklists, a process improvement plan, and project document updates. - correct answer quality planning ____ involves determining which risks are likely to affect a project and documenting the characteristics of each. - correct answer identifying risks A ____ person achieves a balance between risk and payoff. - correct answer risk neutral ____ is a fact-finding technique for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions. - correct answer interviewing ____ involves prioritizing risks based on their probability and impact of occurrence. - correct answer performing qualitative risk analysis ____ refers to the amount of individual resources an existing schedule requires during specific time periods. - correct answer Resource loading