Risk Analysis and Management - questions

Risk Analysis and Management - questions

Q.1 Choose the correct option according to the given statements regarding risk management.
Statement 1: A risk is a potential problem—it might happen, it might not.
Statement 2: Managers, software engineers, and customers participate in risk analysis and management.
Statement 3: Only Managers participate in risk analysis and management.
Statement 4:

A) Statement 1 and 2 are correct.
B) Only statement 1 is correct.
C) Only statement 3 is correct.
D) Statement 1 and 3 are correct.

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Q.2 Choose the correct option according to the given statements.
Statement 1: A proactive risk strategy begins long before technical work is initiated.
Statement 2: In reactive risk strategy software team does nothing about risks until something goes wrong.
Statement 3: A proactive risk strategy begins after technical work is initiated.
Statement 4: In reactive risk strategy you plan ahead to avoid or manage problems.

A) Only statement 1 is correct.
B) Statement 2 and 3 are correct.
C) Statement 1 and 4 are correct.
D) Statement 1 and 2 are correct.

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Q.3 Reactive risk management is sometimes described as:

A) Fire fighting mode
B) Solution mode.
C) Uncertain mode.
D) None of the above.

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Q.4 Software risk always involves two characteristics. What are those characteristics?

A) Uncertainty and loss
B) Certainty and profit
C) Staff size and budget
D) Project Deadline and budget

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Q.5 What is/are the different types of risk may occur when you develop software?

A) Project risks
B) Technical risks
C) Business risks
D) All of the above.

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Q.6 Match the following:

a. Project risks ---------- i. Threaten the quality and timeliness of the software to be produced.
b. Technical risks -------- ii. Threaten the viability of the software to be built.
c. Business risks --------- iii. Threaten the project plan.

Codes :

(A) a - iii, b - ii, c - i
(B) a - ii, b - iii, c - i
(C) a - iii, b - i, c - ii
(D) a - i, b - ii, c - iii

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Q.7 Effective risk management plan needs to address which of these issues?

A) Risk avoidance
B) Risk monitoring
C) Risk management and contingency planning
D) All of the above.

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Q.8 Design phase will usually be.

A) Top-down
B) Bottom-up
C) Random
D) None of the above.

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Q.9 Software sizing involves

A) Fuzzy logic sizing.
B) Function Point sizing
C) Change sizing.
D) All of the above.

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Q.10 Risk mitigation is a risk ___________activity. Risk monitoring is a ___________ activity

A) Avoidance, Project tracking.
B) Increasing, Project tracking.
C) Project tracking, Avoidance.
D) Random, Tracking.

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