1. Match the process explanations defined in column 2, with the process named in column 1, inserting your answer in the space provided in column 3.

Process	Process Explanation	Answer (number)
1. Plan Risk Management	a. Developing options and actions to enhance opportunities and to mitigate threats to levels acceptable to the project
2. Identify Risks	b. Numerically analysing the effect on overall project objectives
3. Perform Qualitative Risk Analysis	c. Tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans and evaluating their effectiveness throughout the project life cycle
4. Perform Quantitative Risk Analysis	d. Determining which risks might affect the project and documenting their characteristics
5. Plan Risk Responses	e. Deciding how to approach, plan and execute the risk management activities for a project, creating the Risk Management Plan
6. Control Risks	f. Prioritising risks for subsequent further analysis or action by assessing and combining their probability and impact

2. Choose the correct answer from the options provided. There is only one correct answer.

1. The traditional competing constraints on a project are:

a. time, cost, and profitability

b. resources required, sponsorship involvement, and funding

c. time, cost, and quality and/or scope

d. calendar dates, facilities available, and funding

2. Which of the following is not part of the definition of a project?

a. repetitive activities

b. constraints

c. consumption of resources

d. a well-defined objective

3. Which of the following is usually not part of the criteria for project success?

a. customer satisfaction

b. customer acceptance

c. meeting at least 75 percent of specification requirements.

d. meeting the triple-constraint requirements

4. Which of the following is generally not a benefit achieved from using project management?

a. flexibility in the project's end date

b. improved risk management

c. improved estimating

d. tracking of projects

5. The person responsible for assigning the resources to a project is most often:

a. the project manager

b. the Human resources Department

c. the line manager

d. the executive sponsor

3. Often circumstances dictate the need to accelerate a project schedule. Using your own words,

a. Explain what is meant by project crashing.

b. Describe how crashing and fast tracking can be used to compress a project schedule.

c. A project may be crashed until an optimum crash point. Describe an optimum crashing point and the considerations that a project manager may need to make at this point.