ITPM FINAL EXAM QUESTIONS & ANSWERS, 2024

ITPM FINAL EXAM QUESTIONS & ANSWERS, 2024 T/F: Risks can have both negative and positive effects on meeting project objectives. - answerTrue T/F: One possible response to managing negative risk it to accept the potential effects from the risk. - answerTrue T/F: A risk-seeking person prefers outcomes that are more uncertain and is often willing to pay a penalty to take risks. - answerTrue T/F: Unknown risks can be managed proactively. - answerFalse T/F: The last step in project risk management is deciding how to address this knowledge area for a particular project by performing risk management planning. - answerFalse T/F: Contingency plans are predefined actions that the project team will take if an identified risk event occurs. - answerTrue T/F: Brainstorming is a systematic, interactive forecasting procedure based on independent and anonymous input regarding future events. - answerFalse T/F: The psychology literature shows that individuals, working alone, produce fewer ideas than the same individuals produce through brainstorming in small, face-to-face groups. - answerFalse T/F: The Delphi technique is a systematic, interactive forecasting procedure based on independent and anonymous input regarding future events. - answerTrue T/F: Risk events refer to specific, certain events that may occur to the detriment or enhancement of the project. - answerFalse T/F: A probability/impact matrix or chart lists the relative probability of a risk occurring on one side of a matrix or axis on a chart and the relative impact of the risk occurring on the other. - answerFalse T/F: Top Ten Risk Item Tracking is a quantitative risk analysis tool. - answerFalse