A.SNMPB.SMTPC.HTMLD.HTTP
A.SNMP
B.SMTP
C.HTML
D.HTTP
A.SNMP
B.SMTP
C.HTML
D.HTTP
Since risk is associated with most projects,the best course of action is to (71)
A.cover all project risks by buying appropriate insurance
B.ignore the risks,since nothing can be done about them and move forward with the project in an expeditious manner
C.avoid project with clear and present risk
D.identify various risks and implement actions to mitigate their potential impact
Since risk is associated with most projects,the best course of action is to ()
A.cover all project risks by buying appropriate insurance
B.ignore the risks,since nothing can be done about them and move forward with the project in an expeditious manner
C.avoid project with clear and present risk
D.identify various risks and implement actions to mitigate their potential impact
A.True
B.False
A.Performing contingent plans
B.Contracting to a sub-contractor
C.Allowing the owner to perform the mitigation strategy since the contractor feels it was not called for in the contract
D.Allowing the float in the schedule to take care of the risk
The total amount of risk that is calculated for a project is found by:
A.Multiplying the sum of each the risks times the amount at stake
B.Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events
C.Cannot be calculated since all risks are not known
D.The amount of project reserves available
A.Exchange rate risk
B.Political risk
C.Market imperfections
D.None of the above,since $100,000 = €80,000 ′ $1.25/1.00
Risks that cannot be identified or evaluated _____ .
A should be deflected to the contracting officer.
B should be handled via contingency allowances.
C should be ignored, since they cannot be identified.
D should be ignored, since they are not covered in the Risk Assessment.
E C and D
Risk classified as unknown unknowns (i.e., those which cannot be identified or evaluated):
A should be deflected to the contracting officer
B should be handled via contingency allowances
C should be ignored, since they cannot be identified
D should be ignored, since they are not covered in the Project Risk Assessment
E C and D
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