SOLVED

6.2Â Â Multiple Choice 1) A function of the likelihood of a given threat and the resulting impact of that adverse event on the organization best defines A) risk. B) problem. C) occurrence. D) threat. 2) An uncertain event that if it occurs will have a positive or negative effect on the objectives of the project best defines A) project weakness. B) project risk. C) project threat. D) project opportunity. 3) Risks that remain after the implementation of new or enhanced controls are called A) implementation risks. B) planning risks. C) residual risks. D) design risks. 4) The process that allows project managers to balance operational and economic costs of protective measures to achieve project success best defines A) risk identification. B) risk assessment. C) risk avoidance. D) risk management. 5) Project managers or organizations may be viewed as A) risk-averse decision makers. B) risk-seeking decision makers. C) risk-neutral decision makers. D) all of the above. 6) Categories of risk pertaining to project managers include A) professional risk. B) personal risk. C) environmental risk. D) cultural risk. 7) A hierarchical structure of potential risk sources that can be used effectively to structure, identify, and understand risks best defines A) opportunity breakdown structure. B) project work breakdown structure. C) risk breakdown structure. D) risk iteration structure. 8) When preparing an RBS for a construction project, the environment may be attributed to A) funding factors that may affect the project. B) budget factors that may affect the project. C) project team factors that may affect the project. D) legal factors that may affect the project. 9) For a construction project, ill-defined responsibilities are associated with the A) team factor of the subcontractors category. B) site factor of the environment category. C) tactics factor of the subcontractors category. D) control factor of the project category. 10) On an RBS for a software development project, product risks are related to A) corporate and stakeholders. B) requirements and design. C) cultural and economic. D) project team and control.