OPS 461 Exam Questions With 100%
Verified Answers
A negative Impact is known as a(n), A positive Impact is known as
a(n) -
correct answer ✅Negative: Threat , Positive: Opportunity
To Reduce the impact of threats and capitalize on opportunities, a
project manger should create a -
correct answer ✅Plan Risk Responses
During Which stage of a project are most risks typically uncovered?
-
correct answer ✅Initiating
Relative to the project's life cycle when is the cost per risk
discovered typically highest -
correct answer ✅Closing
When a project manager is gathering information about risks, is it a
good idea to set the # of risks to be considered -
correct answer ✅No, the assessment of the risks comes after the
Information Gathering stage
, OPS 461 Exam Questions With 100%
Verified Answers
What is Root Cause Analysis -
correct answer ✅An analytically technique used to determine the
basic underlying reason that causes a variance or defect or risk.
(lamen terms Why did this happen)
A key supplier for your project has not been returning your calls or
responding to your emails. This is an example of a ____, Which
indicates that a risk is likely to occur -
correct answer ✅Trigger Condition
What is a Trigger Condition -
correct answer ✅An event or situation that indicates risk is about
to occur
Expected Monetary Value (EVA) analysis -
correct answer ✅A Quantitative Risk analysis technique: A
Statistical technique that calculates the average outcome of the
future that certain scenarios happen or don't happen. Often done
within a decision tree analysis
Decision Tree Analysis -
correct answer ✅A Quantitative risk analysis technique to evaluate
a chain of multiple options in the presence of uncertainty
Verified Answers
A negative Impact is known as a(n), A positive Impact is known as
a(n) -
correct answer ✅Negative: Threat , Positive: Opportunity
To Reduce the impact of threats and capitalize on opportunities, a
project manger should create a -
correct answer ✅Plan Risk Responses
During Which stage of a project are most risks typically uncovered?
-
correct answer ✅Initiating
Relative to the project's life cycle when is the cost per risk
discovered typically highest -
correct answer ✅Closing
When a project manager is gathering information about risks, is it a
good idea to set the # of risks to be considered -
correct answer ✅No, the assessment of the risks comes after the
Information Gathering stage
, OPS 461 Exam Questions With 100%
Verified Answers
What is Root Cause Analysis -
correct answer ✅An analytically technique used to determine the
basic underlying reason that causes a variance or defect or risk.
(lamen terms Why did this happen)
A key supplier for your project has not been returning your calls or
responding to your emails. This is an example of a ____, Which
indicates that a risk is likely to occur -
correct answer ✅Trigger Condition
What is a Trigger Condition -
correct answer ✅An event or situation that indicates risk is about
to occur
Expected Monetary Value (EVA) analysis -
correct answer ✅A Quantitative Risk analysis technique: A
Statistical technique that calculates the average outcome of the
future that certain scenarios happen or don't happen. Often done
within a decision tree analysis
Decision Tree Analysis -
correct answer ✅A Quantitative risk analysis technique to evaluate
a chain of multiple options in the presence of uncertainty
