Assessment exam answers (Chapter 11)

Question 1

Your project team is in the process of beginning to identify risks, and you have set up a facilitated brainstorming session in which the team can focus on categories of risk. Which of the following tools may be helpful in this process?

1. Risk register
2. Qualitative risk analysis
3. Quantitative risk analysis
4. SWOT analysis

SWOT analysis is a structured brainstorming technique. The other answers are processes or outputs.

Question 2

Jill is one of your best team members, and she is excellent at identifying and managing risk on your team. Jill is concerned that an identified threat may impact your budget more than your project can handle. What technique could you use to determine the price tag of the identified risk event?

1. Earned value
2. Expected monetary value
3. Cost variance
4. Cost performance index

The expected monetary value formula of Probability (%) * Impact ($) can help determine the...