Pinto Pm2 Tif Ch07

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Project Management, 2e (Pinto)
Chapter 7 Risk Management

7.3 Multiple Choice

1) The difference between projects that fail and those that are ultimately successful has to do with:
A) the plans that have been made to deal with problems as they arise.
B) the fact that a successful project doesn't encounter problems.
C) whether the project is for an internal or external customer.
D) whether the problem is time- or budget-related.
Answer: A

2) Project risk is highest during the:
A) termination stage of the project life cycle.
B) concept stage of the project life cycle.
C) implementation stage of the project life cycle.
D) development stage of the project life cycle.
Answer: B

3) Project risk is lowest during the:
A) concept stage of the project life cycle.
B) implementation stage of the project life cycle.
C) termination stage of the project life cycle.
D) development stage of the project life cycle.
Answer: C

4) The period of highest risk impact for a project risk exists primarily in the:
A) development stage of the project life cycle.
B) concept stage of the project life cycle.
C) implementation stage of the project life cycle.
D) termination stage of the project life cycle.
Answer: D

5) The greatest project risk occurs when:
A) the probability of the event is high and the consequences of the event are high.
B) the probability of the event is high and the consequences of the event are low.
C) the probability of the event is low and the consequences of the event are high.
D) the probability of the event is low and the consequences of the event are low.
Answer: A

6) The greatest project opportunity occurs when:
A) the project is in the concept phase.
B) the project is in the development phase.
C) the project is in the implementation phase.
D) the project is in the termination phase.
Answer: A

7) The amount a company has at stake in a project rises above the dollar value of opportunity in the:
A)