In this section of Software Engineering – Software Project Management.It contain Software Risk Management MCQs (Multiple Choice Questions Answers).All the MCQs (Multiple Choice Question Answers) requires in depth reading of Software Engineering Subject as the hardness level of MCQs have been kept to advance level.These Sets of Questions are very helpful in Preparing for various Competitive Exams and University level Exams.
 

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1
. A risk referent level is a risk component value (performance, cost, support, schedule) or combination of values that cause a project to be terminated.
  • True
  • False
2
. An effective risk management plan will need to address which of the following issues?
  • risk avoidance
  • risk monitoring
  • contingency planning
  • all of the above
3
. Proactive risk management is sometimes described as fire fighting
  • True
  • False
4
. Software risk always involves two characteristics
  • fire fighting and crisis management
  • known and unknown risks
  • uncertainty and loss
  • staffing and budget
5
. Three categories of risks are
  • business risks, personnel risks, budget risks
  • project risks, technical risks, business risks
  • planning risks, technical risks, personnel risks
  • management risks, technical risks, design risks
6
. Generic risks require far more attention than product-specific risks.
  • True
  • False
7
. A risk item checklist would contain known and predictable risks from which of these categories?
  • product size
  • development environment
  • staff size
  • process definition
  • all of the above
8
. Questions that should be asked to assess the overall project risk include:
  • Have top managers formally committed to support the project?
  • Are end-users committed to the project and proposed system being built?
  • Are requirement fully understood by development team and customers?
  • Does the proposed budget have time allocated for marketing?
  • a, b, c
9
. Software risk impact assessment should focus on consequences affecting
  • planning, resources, cost, schedule
  • marketability, cost, personnel
  • business, technology, process
  • performance, support, cost, schedule
10
. Risk projection attempts to rate each risk in two ways
  • likelihood and cost
  • likelihood and impact
  • likelihood and consequences
  • likelihood and exposure
11
. Risk tables are sorted by
  • probability and cost
  • probability and impact
  • probability and consequences
  • probability and exposure
12
. Individual team members can make their own estimate for a risk probability and then develop a consensus value.
  • True
  • False
13
. Which factors affect the probable consequences likely if a risk does occur?
  • risk cost
  • risk timing
  • risk scope
  • risk resources
  • b and c
14
. The reason for refining risks is to break them into smaller units having different consequences.
  • True
  • False
15
. Effective risk management plan needs to address which of these issues?
  • risk avoidance
  • risk monitoring
  • contingency planning
  • all of the above
16
. Risk monitoring involves watching the risk indicators defined for the project and not determining the effectiveness of the risk mitigation steps themselves.
  • True
  • False
17
. Hazard analysis focuses on the identification and assessment of potential hazards that can cause
  • project termination
  • schedule slippage
  • cost overruns
  • an entire system to fail
18
. Risk information sheets (RIS) are never an acceptable substitute for a full risk mitigation, monitoring, and management (RMMM) plan.
  • True
  • False

 
 
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