# Project Management Assignment 5 Answers

Project Management Assignment 5 Answers:- Every students are requested to submit their assignments on the knowledge of their own, we do not promote for copying answers. We are providing answers for just as a refrence.

Q1. Hillier model is used for:

(A) Discontinuous probabilistic events

(B) Continuous probabilistic events

(C) Both continuous and discontinuous probabilistic events

(D) None of these

Ans:- (C) Both continuous and discontinuous probabilistic events

Q2. PRAM is used

(A) To calculate the overall risk factor

(B) To calculate the profit of project

(C) To analyze and address risk

(D) None of these

Ans:- (C) To analyze and address risk

Q3. How many phases are involved in project risk management process following the PRAM methodology?

(A) Five

(B) Six

(C) Nine

(D) Ten

Ans:- (C) Nine

Q4. Which of the following technique is not used for the analysis of standalone risk?

(A) Sensitivity analysis

(B) Simulation analysis

(C) Market risk analysis

(D) Hillier Model

Ans:- (C) Market risk analysis

Q5. The limitation of the sensitivity analysis is

(A) No variable is considered

(B) Only one variable is considered

(C) Only two variables are considered

(D) None of these

Ans:- (B) Only one variable is considered

Q6. Which of the following technique is used for the analysis of contextual risk?

(A) Hillier model

(B) Break-even analysis

(C) Corporate risk analysis

(D) Decision tree analysis

Ans:- (A) Hillier model

Q7. The net probability of failure(Pf) is 0.48 and consequences of failure(Cf) is 0.50. Calculate the risk factor (RF)?

(A) 0.98

(B) 0.02

(C) 0.74

(D) 0.64

Ans:- (C) 0.74

Q8. The net sum of cash inflows is 200 and net sum of cash outflows is 160. Calculate probability index (PI) and Net present value (NPV) respectively?

(A) PI = 0.80 and NPV = 40

(B) PI = 1.25 and NPV = 360

(C) PI = 1.25 and NPV = 40

(D) PI = 0.80 and NPV = 360

Ans:- (C) PI = 1.25 and NPV = 40

Q9. The formula used to calculate the overall risk factor (RF) is

(A) Pf + Cf – (Pf) * (Cf)

(B) Pf – Cf – (Pf) * (Cf)

(C) Pf + Cf – (Pf) / (Cf)

(D) Pf – Cf – (Pf) / (Cf)

Ans:- (A) Pf + Cf – (Pf) * (Cf)

Q10. Standalone risk techniques are used for the analysis of

(A) Upcoming project

(B) Finished project

(C) Project at hand only

(D) Profitable project

Ans:- (A) Upcoming project

Project Management Assignment 5 Answers 2021:- Every students are requested to submit their assignments on the knowledge of their own, we do not promote for copying answers. We are providing answers for just as a reference.