The risk response of "acceptance" is typically be used for:

a. risks which are simply not manageable by any means

b. risks that are too trivial to warrant management

c. risks that a project sponsor and stakeholders publicly agree to take

d. any or all of the above

According to conclusions reached by our textbook author when studying the PERIL database, black swans appeared to cause the most impact in terms of which risk category?

a. cost or budget risk

b. scope risk

c. schedule risk

d. quality risk

In general, how does the planning horizon impact project risk?

a. the longer the project, the higher the risk, because you may not be able to see what's ahead

b. the longer the project, the lower the risk, because you have more time to recover if necessary

c. the longer the project, the lower the risk because the team learns from mistakes as time goes on

d. none of the above

In terms of schedule risk, analysis of the PERIL database indicates a large number of project schedule delays due to:

a. insufficient budgeting

b. lack of team member training

c. inadequate project facilities

d. poor activity duration estimates

One method often used to settle on a task duration from a set of estimates that seem to be widely spaced apart is:

Select one:

a. critical path analysis

b. PERT formula

c. root cause analysis

d. fishbone diagram