Amy is the project manager for her company. In her current project the organization has a
very low tolerance for risk events that will affect the project schedule. Management has asked Amy to consider the affect of all the risks on the project schedule. What approach can Amy take to create a bias against risks that will affect the schedule of the project?

1. A. She can create an overall project rating scheme to reflect the bias towards risks that affect the project schedule.
2. B. She can filter all risks based on their affect on schedule versus other project objectives.
3. C. She can have the project team pad their time estimates to alleviate delays in the project schedule.
4. D. She can shift risk-laden activities that affect the project schedule from the critical path as much as possible.

Correct Answer: A

Fill in the blank with an appropriate phrase. The _____ is the risk or danger of an action or an event, a method or a (technical) process that still conceives these dangers even if all theoretically possible safety measures would be applied.

1. A. residual risk

Correct Answer: A

Fill in the blank with an appropriate phrase.
_____ is the study of how the variation (uncertainty) in the output of a mathematical model can be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a model.

1. A. Sensitivity analysis

Correct Answer: A

Which of the following techniques examines the degree to which organizational strengths offset threats and opportunities that may serve to overcome weaknesses?

1. A. SWOT Analysis
2. B. Expert Judgment
3. C. Delphi
4. D. Brainstorming

Correct Answer: A

Where can a project manager find risk-rating rules?

1. A. Risk management plan
2. B. Organizational process assets
3. C. Enterprise environmental factors
4. D. Risk probability and impact matrix

Correct Answer: B