Name: Score:
73 Multiple choice questions
Term 1 of 73
A(n) _____ is a hierarchy of potential risk categories for a project.
risk categorization matrix
risk assessment framework
risk-breakdown structure
risk hierarchy chart
Term 2 of 73
_____ are numbers that represent the overall risk of specific events, based on their probability of
occurring and the consequences to the project if they do occur.
risk thresholds
risk assessments
risk factors
risk indicators
Term 3 of 73
A _____ is a technique used to show the effects of changing one or more variables on an outcome.
sensitivity analysis
statistical modeling
variable isolation
data validation
,Term 4 of 73
Risk utility rises at a decreasing rate for a _____ person.
risk-neutral
risk-averse
risk-seeking
risk-indifferent
Term 5 of 73
T/F: Identified risks may not materialize, or their probabilities of occurrence or loss may diminish.
True
False
Term 6 of 73
T/F: A risk-seeking person prefers outcomes that are more uncertain and is often willing to pay a
penalty to take risks.
True
False
Term 7 of 73
A(n) _____ is a list of risks that are low priority, but are still identified as potential risks.
risk catalog
watch list
risk inventory
risk log
, Term 8 of 73
T/F: The psychology literature shows that individuals, working alone, produce fewer ideas than the
same individuals produce through brainstorming in small, face-to-face groups.
True
False
Term 9 of 73
T/F: Brainstorming is a systematic, interactive forecasting procedure based on independent and
anonymous input regarding future events.
True
False
Definition 10 of 73
risk appetite
_____ involves reducing the impact of a risk event by reducing the probability of its
occurrence.
_____ involves eliminating a specific threat, usually by eliminating its causes.
_____ is the amount of satisfaction or pleasure received from a potential payoff.
The degree of uncertainty an entity is willing to take on in anticipation of a reward is
Term 11 of 73
The term _____ is used to describe risks that the project team has identified and analyzed.
risk mitigation
assumed risks
potential risks
known risks
73 Multiple choice questions
Term 1 of 73
A(n) _____ is a hierarchy of potential risk categories for a project.
risk categorization matrix
risk assessment framework
risk-breakdown structure
risk hierarchy chart
Term 2 of 73
_____ are numbers that represent the overall risk of specific events, based on their probability of
occurring and the consequences to the project if they do occur.
risk thresholds
risk assessments
risk factors
risk indicators
Term 3 of 73
A _____ is a technique used to show the effects of changing one or more variables on an outcome.
sensitivity analysis
statistical modeling
variable isolation
data validation
,Term 4 of 73
Risk utility rises at a decreasing rate for a _____ person.
risk-neutral
risk-averse
risk-seeking
risk-indifferent
Term 5 of 73
T/F: Identified risks may not materialize, or their probabilities of occurrence or loss may diminish.
True
False
Term 6 of 73
T/F: A risk-seeking person prefers outcomes that are more uncertain and is often willing to pay a
penalty to take risks.
True
False
Term 7 of 73
A(n) _____ is a list of risks that are low priority, but are still identified as potential risks.
risk catalog
watch list
risk inventory
risk log
, Term 8 of 73
T/F: The psychology literature shows that individuals, working alone, produce fewer ideas than the
same individuals produce through brainstorming in small, face-to-face groups.
True
False
Term 9 of 73
T/F: Brainstorming is a systematic, interactive forecasting procedure based on independent and
anonymous input regarding future events.
True
False
Definition 10 of 73
risk appetite
_____ involves reducing the impact of a risk event by reducing the probability of its
occurrence.
_____ involves eliminating a specific threat, usually by eliminating its causes.
_____ is the amount of satisfaction or pleasure received from a potential payoff.
The degree of uncertainty an entity is willing to take on in anticipation of a reward is
Term 11 of 73
The term _____ is used to describe risks that the project team has identified and analyzed.
risk mitigation
assumed risks
potential risks
known risks
