Final Exam - Quiz 6 Flashcards
1
Q
- Effective project risk management involves:
a. Identify risk
b. Prepare risk response
c. Monitor risk response
d. All of the above
A
d. All of the above
2
Q
- Project risk management is the art and science of:
A
a. Identifying, assigning, and responding to risk throughout the life of a project
b. Identifying, assigning, and responding to risk in the best interests of meeting project objectives
3
Q
- Project risk management is the art and science of:
A
d. Responding to risks over the course of the project
4
Q
- Which of the following is an example of Market risk?
a. Will users accept and use the product or service?
b. Can the organization afford to undertake the project?
c. Is this project the best way to use the company’s financial resources?
d. Is the project technically feasible?
A
a. Will users accept and use the product or service?
5
Q
- ______ method uses an iterative and interactive approach to generate consensus about a topic from among a group
A
a. Delphi
6
Q
- Client offshoring organizations sets up units in other countries and hires local talent to:
a. develop
b. maintain
c. Provide services
d. all of the above
A
d. all of the above
7
Q
- True / False Questions: In many cases, the cost advantages related to the cost of labor are evident in offshore outsourcing. However, there is(are) risk associated with:
A
a. Over-estimating the cost saving
b. Under-estimating the overhead costs that are necessary to get to the cost saving stage
c. Discounting non-cost factors that influence offshore outsourcing outcome
8
Q
- True / False Questions: Contingency funds are NOT provided to make up for bad management, poor performance, or inadequate
A
True
9
Q
- True / False Questions: Outsourcing is unique to IT service.
A
False
10
Q
- True / False Questions: Core competencies can be outsourced to local providers, but should not be offshore outsourced because of privacy and security issues.
A
False
