bus375 Exam 3 latest 2017
Question 1
Which of the following is NOT one of the potential responses to a specific risk event?
A. Mitigating
B. Retaining
C. Ignoring
D. Transferring
E. Sharing
Question 2
Organizations use __________ in conjunction with work breakdown structures to help management teams identify and eventually analyze risk.
A. Risk breakdown structures
B. Contingency breakdown structures
C. Scenario analysis
D. Organizational breakdown structure
E. Risk assessment
Question 3
The chances of a risk event occurring as a project proceeds through its life cycle tend to
A. Slowly rise
B. Drop sharply and then level out
C. Rise sharply and then level out
D. Remain about the same
E. Slowly drop
Question 4
Which of the following is NOT involved in risk control?
A. Executing the risk response strategy
B. Initiating contingency plans
C. Establishing a change control system
D. Establishing contingency funds
E. Watching for new risks
Question 5
Which of the following activities might you consider adding a time buffer to?
X. Activities with XXXXXX XXXXX
B. XXXXX XXXXXXXXXX that are XXXXX XX XXXXXX
X. XXXXXXXXXX XXXX XXXXXX XXXXXXXXX
X. Noncritical activities with very little XXXXX
E. You XXXXX consider adding a time buffer XX XXX XX theseactivities
XXXXXXXX X
XXXXX that XXX XXX XXXXXXXXXX XXXXX XXXX have a low XXXXXXXXXXX XX occurring and XXXX XXXXXXXX as the project progresses XXX called XXXXXX XXXXXXXX.
A. XXXXXXXXXX
X. Budget
C. Contingency
X. Padded
X. XXXX in case
Question 7
_______________ XXXXXXX XX how to XXXXXXX to XXXXXX that XXXX a XXXXXXXX impact XX a project.
X. Risk management
X. XXXXXXXXXXX management
C. XXXXX management
D. XXXXXXXXXXX management
X. Prospect management
XXXXXXXX 8
XXX cost XXXXXX of a risk XXXXX occurring as a XXXXXXX proceeds through its life cycle tends XX
A. XXXXXX rise
B. XXXX sharply XXX then XXXXX out
X. XXXX sharply and then level out
X. XXXXXX XXXXX the XXXX
E. Slowly XXXX
XXXXXXXX 9
The XXXXXXX to recognize and manage potential XXX unforeseen trouble XXXXX that may XXXXX XXXX a XXXXXXX XX XXXXXXXXXXX is XXXXX XX
A. Risk forecasting
X. Risk XXXXXXXXXX
C. Contingency XXXXXXXX
X. XXXXXXXX analysis
E. XXXXXXXX protection
Question XX
XXX of XXX XXXXXXXXX XXX types of resource XXXXXXXXXXX EXCEPT
A. XXXXXXXXX
B. People
X. XXXXXXXXX
D. XXXXXXXXXXX
X. Human
XXXXXXXX 11
A XXXXXXX budget XXXXXX is showing our XXXXXXX as spending $XX,XXX XXXXXXX a XXXXXXXX amount of $XX,000. XXXXX XX the XXXXXXXXX is true?
A. XX XXX XXXXXXXX less XXXX we XXXXXX for the XXXXXXX
B. We XXX XXXXX a XXXX XXX XXXXXXXX XXX project
C. XX XXXXXX check to XXX XX all the bills XXXX XXXX paid
D. XXXX A XXX X XXX correct
E. We XXX't XX sure how XXX XXXXXXX is going
Question XX
In a resource-XXXXXXXXXXX project, XXXXX XX XXX XXXXXXXXX is most likely XX XX changed?
A. The completion XXXX
X. The XXXXXX
C. Project XXXXXXX
D. XXXX X and B are equally XXXXXX
E. X, B, and C XXX XXX XXXXXXX likely
XXXXXXXX 13
Rachel XX XXXXXXX XX a project that technically XXXXXX three XXXXXXXXXX XX XX done XX XXX XXXX XXXX. XX they were to XX XXXXXXXXXXX at XXX XXXX time, she would XXXX X contractors in order for XXX activities to XX XXXXXXXXX on XXXX. XXXXX are only 3 XXXXXXXXX for her XX XXX. XXXX is an example XX what XXXX XX XXXXXXXXXX?
A. XXXXXXXXX
B. XXXXXX
C. XXXXXXXXX
D. Physical
X. XXXXXXXXX
XXXXXXXX 14
Which of XXX XXXXXXXXX is NOT a potential XXXXXXXXXXX of failing to identify limited XXXXXXXXX before XXXXXXX implementation?
X. XXXXXXXX delays
B. XXXXXXX delays
X. XXXXXXXXXX in XXXXXX XXXXX XXXXXXXXXX XXXXXX
D. Increase XXXXX
X. XXXXX creep
XXXXXXXX 15
XXXX XX XXX XXXXXXXXXX XXXXXXX available today require the project manager to classify XXX XXXXXXX XX either XXXXXXX constrained or XXXXXX constrained.
X. XXXX, XXXXXXX
X. XXXXXXX, resource
X. XXXX, time
X. XXXXXXX, XXXX
X. XXXX, XXXXXXXX
XXXXXXXX XX
Why is it XXXXXXXXX XX have a time-XXXXXX XXXXXX baseline?
X. For XXXXXX XXXXXXXX allocation
X. So we know how XXXX work XXX accomplished for XXX money spent
X. To XXXXXX XXXXXXXX XXXXXXXX XXXX XXXXXXXXXX XXXXX project resources
D. It XX XXX necessary to have a time-phased XXXXXX XXXXXXXX
X. XX reduce XXXXXXXXXXXX in XXXX XXXX during the project
Question XX
XX reviewing the XXXXXX of her project with top management, Shirley was XXXX that there are XXXX two programmers that she XXX XXX for her XXXXXXX. Her project XX classified as __________ constrained.
X. Time
B. XXXXXXX
X. Cost
D. XXXXXXXXXXX
X. Resource
Question XX
When XXX XXXXXXX team is XXXXXXXX, XXXXX XX XXX following XX the preferred XXXXXX for XXXXXXXXXXXX project XXXXXXXXXX?
A. XXXXXXXXX XXXXXXXXXX staff XXX XXXXXXXXX
B. XXXXXXXXXXX work
X. XXXXXXXX XXXXXXXX
X. Work longer XXXXX
X. Both X and D XXX preferred XXXXXXX
XXXXXXXX XX
XXXXXX XXXXXXXX, direct costs for an activity represent normal costs, XXXXX XXXXXXXXX XXXX low-cost, XXXXXXXXX XXXXXXX XXX completing XXX activity in a(n) XXXXXXXX amount of time.
A. Normal
B. Budgeted
X. XXXXXXXXX
D. Expected
E. XXXXXXXX
XXXXXXXX XX
XXXXX XX the XXXXXXXXX projects would be least benefited if additional XXXXXXXXX XXXX added?
X. XXXXXXXXX XXX XXXXXXXX a cord XX XXXX
X. XXXXXXXXXX XXX software
C. XXXXXXXXXX a crop XX XXXX
D. Building a XXXXX
E. Moving XX a new XXXXX
XXXXXXXX XX
XXXXX of the XXXXXXXXX XXXXXXXXX calculates an activity's XXXX XXXXX?
A. (normal cost-crash XXXX)/(normal time-XXXXX time)
X. (crash XXXX-normal cost)/(normal time-crash XXXX)
C. (XXXXXX time-XXXXX XXXX)/(XXXXX XXXX-normal XXXX)
D. (normal time-XXXXX time)/(XXXXXX cost-crash cost)
X. (crash XXXX-XXXXXX XXXX)/(XXXXX time-normal time)
XXXXXXXX 22
XXXX determining XXXXX XXXXXXXX XX crash, there XXX XXXXX factors XXXX XXXXXX be assessed XXXXXX XXXX. Which of the following XX NOT one of these factors?
X. The inherent risk associated XXXX XXX XXXXXXXX
B. How crashing XXXX XXXXXX the morale XXX XXXXXXXXXX of the individuals XXXXXXX XX that activity
C. XXXXXXXX XXXXXXXXXXXX after crashing XXXX activity
X. The level XX difficulty involved in completing the XXXXXXXX
E. When during XXX project XXX activity XXXX occur
Question 23
An activity's XXXXXX time and cost XXX 8 XXX $XXX, XXXXXXXXXXXX. Its XXXXXXXXX XXXXX time and cost XXX 6 and $160, respectively. XXXX XX this activity's XXXXX cost XXX XXXX XXXX?
A. $33
B.$30
C.$60
D. $65
E. $XXX
($XXX - $100)/(X - 6)= $XX
XXXXXXXX XX
XXXXXXX any XXXXXX XXXXXXXX, XXX president of a software company XXXXXXX in a speech XXXX new technologically advanced software XXXX be XXXXXXXXX in XXX XXXX. XXXX may lead XX a XXXXXXX XXXX XXXX XX done faster than XXXXXXXXXXX. This is an XXXXXXX XX reducing project XXXXXXXX XXXXXX by
X)XXXXXXX project XXXXXXXXX
B)XXXX XX XXXXXX
C)Unforeseen project delays
D)XXXX XXXXXXXX
X)Incentive contracts
XXXXXXXX 25
As a project XX crashed XXX XXXXXXX XXXXXXXX is XXXXXXX, direct XXXXX typically
X. Increase.
B. XXXXXX XXXXXXXX.
X. Decrease.
X. XXXXXX XXXXXXXXXX.
X. XXXX the XXXX
XXXXXX
1. XXXXXXXX
X. XXXX XXXXXXXXX XXXXXXXXXX
3. XXXXXX XXXX
4. Establishing contingency XXXXX
X. You might XXXXXXXX adding a time XXXXXX to XXX XX theseactivities
X. XXXXXX
7. Opportunity XXXXXXXXXX
X. Slowly drop
X. XXXX XXXXXXXXXX
XX. XXXXXXXXXXX
XX. XX XXX't XX XXXX how the project is going
XX. XXX XXXXXXXXXX date
13. People
XX. XXXXX creep
XX. Time, resource
16. XX we know how XXXX work XXX XXXXXXXXXXXX XXX the money spent
17. Resource
18. XXXX C and D XXX XXXXXXXXX choices
19. XXXXXX
XX. XXXXXXXXXX new software
21. (XXXXX XXXX-XXXXXX cost)/(XXXXXX XXXX-XXXXX time)
XX. XXXXXXXX XXXXXXXXXXXX after crashing that activity
XX. $30
($XXX - $100)/(X - X)= $XX
XX. XXXXXXX XXXXXXX XXXXXXXXX
25. Increase.
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