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1.   You are the project manager of a project and are about to conduct a risk identification exercise in a few days' time. You would like to proactively remind the participants in the exercise of the various sources from which risk may arise in the project. What could you use to help you do this?

   A) A Risk Breakdown Structure (RBS)
   B) A Risk Simulation Structure (RSS)
   C) A Risk Register
   D) An Impact Matrix
   

2.  Decision tree analysis is used to calculate the average outcome when the future includes scenarios that may or may not happen. What is the input and output in a decision node?

   A) Input: Cost of each decision Output: Probability of occurrence
   B) Input: Cost of each decision Output: Decision made
   C) Input: Scenario probability Output: Expected Monetary Value (EMV)
   D) Input: Cost of each decision Output: Payoff
   

3.  Sensitivity analysis helps to determine which risks have the most potential impact on the project. A project manager prepared a display chart of sensitivity analysis for his project. The diagram contained a series of bars with the length of the bars corresponding to the risk impact on the project. The longer the bars, the greater was the risk presented. Such a diagram is likely to be:

   A) An assessment diagram
   B) A triangular distribution
   C) A tornado diagram
   D) A funnel distribution
   

4.  A number of identified risks occurred early in a project. As a result, most of the project objectives ended up in jeopardy. The project manager decided to present a case to management that the project be closed down. This is an example of:

   A) Risk Acceptance
   B) Risk Mitigation
   C) Risk Avoidance
   D) Risk Transfer
   

5.  The list of identified risks is found in the risk register whereas the high-level risks are listed in the:

   A) Scope statement
   B) Requirement document
   C) Project charter
   D) Risk management plan