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What is the difference between budget reserves and management reserves?

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Which of the following is NOT included in a Failure Mode and Effects Analysis?


A) Impact
B) Probability
C) Detection
D) Risk value
E) All of these are included

F) A) and B)
G) A) and C)

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A risk profile is a list of questions that have been developed and refined from previous,similar projects.

A) True
B) False

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Which of the following activities might you consider adding a time buffer to?


A) Activities with severe risks
B) Merge activities that are prone to delays
C) Activities with scarce resources
D) Noncritical activities with very little slack
E) You might consider adding a time buffer to any of these activities

F) B) and E)
G) C) and E)

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Which of the following is identified to cover major unforeseen risks and,hence,are applied to the total project?


A) Project reserves
B) Management reserves
C) Time buffers
D) Activity reserves
E) Budget reserves

F) B) and C)
G) All of the above

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Adopting proven technology instead of experimental technology in order to eliminate technical failure would be an example of which risk response?


A) Mitigating
B) Retaining
C) Ignoring
D) Transferring
E) Avoiding

F) A) and C)
G) D) and E)

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