Managing Information Technology Projects International 6th Edition By Kathy Schwalbe – Test Bank

Chapter 11: Project Risk Management

TRUE/FALSE

1. Risk management is a frequently overlooked aspect of project management.

ANS: T PTS: 1 REF: 422

2. Good project risk management never goes unnoticed.

ANS: F PTS: 1 REF: 422

3. Before you can improve project risk management, you must understand what risk is.

ANS: T PTS: 1 REF: 425

4. Negative risk management is like investing in opportunities.

ANS: F PTS: 1 REF: 425

5. The cost for risk management should not exceed the potential benefits.

ANS: T PTS: 1 REF: 426

6. By reviewing the project scope statement, cost, schedule, and communications management plans, enterprise environmental factors, and organizational process assets, project teams can discuss and analyze risk management activities for their particular projects.

ANS: T PTS: 1 REF: 427

7. The last step in project risk management is deciding how to address this knowledge area for a particular project by performing risk management planning.

ANS: F PTS: 1 REF: 428

8. The level of detail included in the risk management plan rarely varies across projects.

ANS: F PTS: 1 REF: 429

9. Few organizations develop their own risk questionnaires.

ANS: F PTS: 1 REF: 431

10. You can break down the technology risk category into hardware, software, and network technology.

ANS: T PTS: 1 REF: 431

11. Potential risks can only be identified early in a project.

ANS: F PTS: 1 REF: 434