Risk Analysis and Management - questionsQ.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.
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.View Answer / Hide AnswerQ.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.View Answer / Hide AnswerQ.3 Reactive risk management is sometimes described as:
A) Fire fighting mode
B) Solution mode.
C) Uncertain mode.
D) None of the above.View Answer / Hide AnswerQ.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 budgetView Answer / Hide AnswerQ.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.View Answer / Hide AnswerQ.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.
(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 View Answer / Hide AnswerQ.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.View Answer / Hide AnswerQ.8 Design phase will usually be.
D) None of the above.View Answer / Hide AnswerQ.9 Software sizing involves
A) Fuzzy logic sizing.
B) Function Point sizing
C) Change sizing.
D) All of the above.View Answer / Hide AnswerQ.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.View Answer / Hide Answer