Week 5 Assignment
Week 5 Assignment
Week 5 Assignment
1. Risk management is the _____ of ______, __________, and ________ to risk factors
throughout the life of a project.
a. Science, identifying, analyzing, responding
b. Science, planning, risking, responding
c. Science, risking, planning, responding
d. Art, science, planning, risking
Ans: A
2. Which one of the following is phase 3 of the Total Project Life Cycle?
a. Concept conceived
b. Development
c. Termination
d. Implementation
Ans: D
3. “Raw materials from abroad” falls under which category of risk in the Risk Management
Assessment Matrix?
a. Low-Low
b. High-High
c. Stable
d. Zero
Ans: B
4. If the probability of failure for a project is very high (> 0.9) then what is the complexity of
the project?
a. Simple design
b. Moderate increase
c. Extremely complex
d. A minor increase in complexity
Ans: C
5. What is the full form of PRAM?
a. Project Record Analysis and Management
b. Project Risk Accreditation and Management
c. Project Risk Analysis and Management
d. Project Risk Assessment and Management
Ans: C
6. Which one is the estimate phase of the Risk Assessment Phase?
a. The impact of risk and solution proposed
b. Sources of risk and their responses prioritize risk
c. Whether project origination or client risk
d. Respond to any variance of this plan
Ans: A
7. Risk arising from the unique uncertainties of individual securities is known as
a. Systematic risk
b. Unsystematic risk
c. Market risk
d. Total risk
Ans: B
8. Variability in the rate of return is known as
a. Return
b. Risk
c. Interest
d. Volatility
Ans: B
9. Which of the following measures are used by a risk-averse person to minimize risk?
a. Diversification of resources
b. Insurance of risk event
c. Total cost of resources
d. Value of information of risk event
A. a, b and c only
B. a, b and d only
C. b, c, and d only
D. a, c, and d only
Ans: B
10. Which of the following do not fall under the category of systematic risk?
a. Market risk
b. Interest rate risk
c. Purchasing power risk
d. Financial risk
Ans: D