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1. The initial step in the risk
management process is to (Points : 1)

       Determine the level of
acceptable risk
       Assess the risk
potential
       Identify the risks
       Set aside budget funds
for managing the risks
       Appoint a risk
manager

2. Heuristics are used in
resource-constrained projects to develop the optimal schedule.
(Points : 1)

       True 
       False 

3. Scheduling time-constrained projects
focuses on resource (Points : 1)

       Demands
       Increases
       Assumptions
       Utilization
       All are correct

4. Fixed price contracts are an example
of transferring risk from an owner to a contractor. (Points :
1)

       True 
       False 

5. Due to the impact over a long period
of time, risk events that occur in the early stages of a project
will have a greater cost impact than those that occur in later
stages. (Points : 1)

       True 
       False 

6. Delaying noncritical activities to
lower peak demand on resources is known as resource (Points :
1)

       Shifting
       Effectiveness
       Manipulating
       Resource smoothing
       Allocation

7. Which of the following is not one of
the probability analysis tools? (Points : 1)

       Ratio/range analysis
       Decision tree
       PERT simulation
       PERT
       All of these are
probability analysis tools

8. In a resource-constrained project the
third priority in assigning resources is usually given to
activities with the (Points : 1)

       Smallest duration
       Least slack
       Most slack
       Lowest identification
number
       Highest cost

9. Project budgets are developed by
time-phasing which of the following? (Points : 1)

       Resource schedules
       Work packages
       The network diagram
       Both A and C are
correct
       A, B, and C are all
correct

10. All of the following are included in
the risk identification process except (Points : 1)

       Customers
       Subcontractors
       Competitors
       Vendors
       None of these are
included

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