Reference no: EM132890146

Questions

1. A project has a 60% chance of a $100,000 profit and a 40 percent of a US $100,000 loss. Calculate the Expected Monetary Value for the project.

2. Assuming that the ends of a range of estimates are +/- 3 sigma from the mean, which of the following range estimates involves the LEAST risk?

3. If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that the risk event will occur during the fourth month of the project?

4. An accepted deadline for project approaches. However, the project manager realizes only 75% percent of the work has been completed. The project manager then issues a change request. What should the change request authorize?

5. The risk will be identified during which risk management process(es)?

6. What is meant by RACI?

7. Which of the following statement is true about a Program?

8. The project manager meets with the project team to review lessons learned from previous projects. In what activity is the team involved?

9. During a bidder conference, you see that one bidder is your close friend. What should your next step be?

10. If a risk event has a 90 percent chance of occurring, and the consequences will be the US $ 10,000, what does the US $9,000 represent?