Risk Management in Software Engineering - MCQ Questions

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Question 1

What is the difference between proactive and reactive risk management?

  • Proactive risk management is done after the project is completed, while reactive risk management is done during project execution

  • Proactive risk management is done before risks occur, while reactive risk management is done after risks occur

  • Proactive risk management is for positive risks, while reactive risk management is for negative risks

  • Proactive risk management is for external risks, while reactive risk management is for internal risks

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Question 2

What is the purpose of a risk impact assessment in risk management?

  • To identify risks

  • To analyze risks

  • To assess the potential effect of a risk on project objectives

  • To avoid project risks entirely

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Question 3

How does a risk breakdown structure (RBS) contribute to risk management?

  • By avoiding all risks

  • By documenting known risks

  • By providing a hierarchical representation of project risks

  • By celebrating project success

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Question 4

 What is the concept of "black swan" events in risk management?

  • Events that are predictable and expected

  • Events that are rare, unpredictable, and have a major impact

  • Events that are positive and celebrated

  • Events that are documented in the risk register

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Question 5

What is the concept of risk transfer in risk management?

  • The avoidance of all project risks

  • Shifting the impact of a risk to another party

  • The celebration of successful risk mitigation

  •  Documenting known risks

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Question 6

What is the concept of "risk tolerance" in risk management?

  • The willingness to embrace all risks without mitigation

  • The acceptable level of variation in project outcomes

  • The avoidance of all project risks

  • The celebration of project milestones

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Question 7

What is the concept of residual risk in risk management?

  • Risks that are accepted and not further addressed

  • Risks that are transferred to another party

  • Risks that are identified but not analyzed

  • Risks that are newly discovered during project execution

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Question 8

What is the concept of risk appetite in risk management?

  • The willingness to take risks to achieve project goals

  • The aversion to risks in the project

  • The celebration of project milestones

  • The documentation of project risks

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Question 9

What is the difference between qualitative and quantitative risk analysis?

  • Qualitative analysis focuses on numbers, while quantitative analysis focuses on descriptions

  • Qualitative analysis assesses the probability and impact, while quantitative analysis assigns numerical values to risks

  • Qualitative analysis is used for opportunities, while quantitative analysis is for threats

  • Qualitative analysis is for small projects, while quantitative analysis is for large projects

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Question 10

What is the purpose of a risk review meeting in risk management?

  • To identify risks

  • To analyze risks

  • To review the status of identified risks and update risk response plans

  • To avoid project risks entirely

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