| The psychology literature shows that individuals, working alone, produce fewer ideas than the same individuals produce through brainstorming in small, face-to-face groups. | F |
| The risk register can be created with a simple Microsoft Word or Excel file. | T |
| The risk register can be created with a simple Microsoft Word or Excel file. | T |
| Quantitative risk analysis need not be done for projects that are large and complex. | T |
| Identified risks may not materialize, or their probabilities of occurrence or loss may diminish. | T |
| Unknown risks can be managed proactively. | 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. | 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. | T |
| The lower the earned monetary value calculation for a project, the chances of project success is higher. | F |
| The Monte Carlo analysis can predict the probability of finishing by a certain date or the probability that the cost will be equal to or less than a certain value. | T |
| A _____ is a technique used to show the effects of changing one or more variables on an outcome. | sensitivity analysis |
| Identifying risks is a subprocess of the _____ process of project risk management. | planning |
| _____ involves doing whatever you can to make sure the positive risk happens. | Risk exploitation |
| _____ involves shifting the consequence of a risk and responsibility for its management to a third party. | Risk transference |
| _____ involves changing the size of the opportunity by identifying and maximizing key drivers of the positive risk. | Risk enhancement |
| Unenforceable conditions or contract clauses and adversarial relations are risk conditions associated with the project _____ management knowledge area. | procurement |
| _____ involves eliminating a specific threat, usually by eliminating its causes. | Risk avoidance |
| _____ risks refer to those that are direct results of implementing risk responses. | Secondary |
| Performing qualitative and quantitative risk analyses are subprocesses of the _____ process of project risk management. | planning |
| A(n) _____ represents decision problems by displaying essential elements, including decisions, uncertainties, causality, and objectives, and how they influence each other. | influence diagram |
| _____ applies to positive risks when the project team cannot or chooses not to take any actions toward a risk. | Risk acceptance |
| _____ involves determining which risks are likely to affect a project and documenting the characteristics of each. | Identifying risks |
| _____ involves prioritizing risks based on their probability and impact of occurrence. | Performing qualitative risk analysis |
| _____ are predefined actions that the project team will take if an identified risk event occurs. | Contingency plans |
| _____ is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions. | Interviewing |
| A _____ person achieves a balance between risk and payoff. | risk-neutral |
| The _____ lists the relative probability of a risk occurring and the relative impact of the risk occurring. | probability/impact matrix |
| _____ are unplanned responses to risk events used when project teams do not have contingency plans in place. | Workarounds |
| The degree of uncertainty an entity is willing to take on in anticipation of a reward is | risk appetite |
| _____ involves numerically estimating the effects of risks on project objectives. | Performing quantitative risk analysis |
| _____ involves deciding how to approach and plan the risk management activities for the project. | Planning risk management |
| _____ involves allocating ownership of the risk to another party. | Risk sharing |
| _____ are/is a qualitative risk analysis tool that maintains an awareness of risks throughout the life of a project in addition to identifying risks. | Top Ten Risk Item Tracking |
| A(n) _____ is a diagramming analysis technique used to help select the best course of action in situations in which future outcomes are uncertain. | decision tree |
| Risk utility rises at a decreasing rate for a _____ person. | risk-averse |
