CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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1. Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process.During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?
A) The events should be determined if they need to be accepted or responded to.
B) The events should be entered into the risk register.
C) The events should continue on with quantitative risk analysis.
D) The events should be entered into qualitative risk analysis.
2. Beth is a project team member on the JHG Project. Beth has added extra features to the project and this has introduced new risks to the project work. The project manager of the JHG project elects to remove the features Beth has added. The process of removing the extra features to remove the risks is called what?
A) Corrective action
B) Preventive action
C) Scope creep
D) Defect repair
3. Which of the following elements of planning gap measures the gap between the total potential for the market and the actual current usage by all the consumers in the market?
A) Project gap
B) Competitive gap
C) Usage gap
D) Product gap
4. Mark is the project manager of the BFL project for his organization. He and the project team are creating a probability and impact matrix using RAG rating. There is some confusion and disagreement among the project team as to how a certain risk is important and priority for attention should be managed. Where can Mark determine the priority of a risk given its probability and impact?
A) Risk response plan
B) Look-up table
C) Project sponsor
D) Risk management plan
5. Which of the following processes is responsible for low risk, frequently occurring low cost changes?
A) Incident Management
B) IT Facilities Management
C) Release Management
D) Request Fulfillment
A) The events should be determined if they need to be accepted or responded to.
B) The events should be entered into the risk register.
C) The events should continue on with quantitative risk analysis.
D) The events should be entered into qualitative risk analysis.
2. Beth is a project team member on the JHG Project. Beth has added extra features to the project and this has introduced new risks to the project work. The project manager of the JHG project elects to remove the features Beth has added. The process of removing the extra features to remove the risks is called what?
A) Corrective action
B) Preventive action
C) Scope creep
D) Defect repair
3. Which of the following elements of planning gap measures the gap between the total potential for the market and the actual current usage by all the consumers in the market?
A) Project gap
B) Competitive gap
C) Usage gap
D) Product gap
4. Mark is the project manager of the BFL project for his organization. He and the project team are creating a probability and impact matrix using RAG rating. There is some confusion and disagreement among the project team as to how a certain risk is important and priority for attention should be managed. Where can Mark determine the priority of a risk given its probability and impact?
A) Risk response plan
B) Look-up table
C) Project sponsor
D) Risk management plan
5. Which of the following processes is responsible for low risk, frequently occurring low cost changes?
A) Incident Management
B) IT Facilities Management
C) Release Management
D) Request Fulfillment
1. Right Answer: B
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: D
Explanation:
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