Question

All of the following are characteristics of risks EXCEPT

a. If a risk occurs it will have an effect on at least one project objective

b. Risk is an uncertain event or condition

c. Risk cannot be avoided

d. Risk is always in the future

Each of the following is an example of an organizational process asset EXCEPT:

a. Lessons learned from previous projects

b. Government Regulations

c. Configuration management knowledge bases

d. Work breakdown structure templates

Which of the following is NOT an input to the Plan Procurement Management process?

a. Project scope statement

b. Work breakdown structure

c. Stakeholder register

d. Work performance data

Which of the following is NOT a valid tool for risk identification?

a. Pareto chart

b. Assumptions analysis

c. Delphi technique

d. SWOT analysis

Answer 1

1. All of the following are characteristics of risks EXCEPT

Correct answer is "d. Risk is always in the future"

A Project Risk is an uncertain event or condition that can have a positive or negative impact on the project. It has an effect on at least one project objective where objectives can include Scope, Schedule, Cost, and Quality. A Risk may have one or more causes, and if it occurs, it may have one or more impacts.

2. Each of the following is an example of an organizational process asset EXCEPT:

Correct answer is "b. Government Regulations"

Organizational process assets are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. They include any artifact, practice, or knowledge from any or all of the organizations involved in the project that can be used to perform or govern the project.

3. Which of the following is NOT an input to the Plan Procurement Management process?

Correct answer is "b. Work breakdown structure"

Plan procurement management is the processes necessary to secure workforce, material, or services in support of project deliverables and objectives.

4. Which of the following is NOT a valid tool for risk identification?

Correct answer is "a. Pareto chart"

There are numerous ways to identify risks. Project managers may want to use a combination of these techniques.