**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*.

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