MGMT627 Final Term 15+ MCQs by Miss Mehwish

MGMT627 · Final Term (18-45) · Lecture Wise MCQ’s · Past Papers for Mids./Finals are also Available

These Mcq’s are based on the book's content, designed to ensure clarity and understanding of concepts.

Lecture 18: Project Risk Management

Q1. What is project risk?

1. A guaranteed event
2. An uncertain event that can affect project objectives
3. A planned activity
4. A resource allocation

Explanation: Risk wo uncertain event hota hai jo project ke goals ko effect kar sakta hai.

Q2. Risk management aims to:

1. Ignore all risks
2. Identify, analyze, and respond to risks
3. Remove all risks immediately
4. Delay project schedule

Explanation: Risk management ka maqsad risks ko pehchan-na aur unka solution dhoondhna hota hai.

Q3. Which of the following is NOT a step in risk management?

1. Risk identification
2. Risk response planning
3. Risk ignoring
4. Risk monitoring

Explanation: Risk ignore karna risk management ka hissa nahi hota.

Q4. What does qualitative risk analysis involve?

1. Numeric probability and impact
2. Subjective assessment of risk probability and impact
3. Ignoring risks
4. Immediate risk elimination

Explanation: Qualitative analysis mein risk ki probability aur asar ko subjective tor par evaluate karte hain.

Q5. What is a risk mitigation strategy?

1. Ignoring risk
2. Reducing the probability or impact of risk
3. Transferring risk to someone else
4. Accepting risk without action

Explanation: Mitigation ka matlab risk ko kam karna hota hai.

Q6. Risk transfer means:

1. Taking on risk yourself
2. Shifting risk to a third party like insurance
3. Ignoring the risk
4. Increasing risk

Explanation: Transfer mein risk kisi doosray ko de diya jata hai, jaise insurance.

Q7. What is risk acceptance?

1. Ignoring the risk
2. Accepting the risk without taking action
3. Mitigating the risk
4. Transferring the risk

Explanation: Kabhi kabhi risk ko accept karna padta hai agar uska impact manageable ho.

Q8. Which document typically records identified risks?

1. Project charter
2. Risk register
3. Project plan
4. Budget report

Explanation: Risk register mein tamam identified risks ka record rakha jata hai.

Q9. Who is primarily responsible for managing project risks?

1. Project team
2. Project manager
3. Stakeholders only
4. Customers

Explanation: Project manager risk ko manage karne ka zimmedar hota hai.

Q10. Contingency plan is prepared:

1. Before any risk occurs
2. After risk causes failure
3. Not needed in project
4. Only by external consultants

Explanation: Contingency plan pehle se banaya jata hai taake risk ke waqt action liya ja sake.

Q11. What type of risk is a natural disaster?

1. Internal risk
2. External risk
3. Technical risk
4. Project risk

Explanation: Natural disasters external risks hain jo project ke bahar se aate hain.

Q12. Risk impact refers to:

1. How likely risk will occur
2. The effect risk will have on project objectives
3. Ignored risks
4. Project success rate

Explanation: Impact ka matlab hai risk ka project par kitna asar hoga.

Q13. Risk probability is:

1. How often risk happens
2. Likelihood of risk occurring
3. Amount of damage
4. Risk cost

Explanation: Probability risk ke hone ke chance ko batata hai.

Q14. Risk monitoring means:

1. Ignoring risks
2. Continuously tracking identified risks
3. Accepting all risks
4. Removing project scope

Explanation: Risk monitoring mein risk ko continuously check karte hain.

Q15. Which tool can be used for risk analysis?

1. SWOT analysis
2. Budget tracking
3. Time scheduling
4. Resource leveling

Explanation: SWOT analysis risk identify karne aur analyze karne mein madad karta hai.

Lecture 19: Project Scheduling and Time Management

Q1. What is project scheduling?

1. Assigning project budget
2. Defining project activities and their timeline
3. Hiring project team