Risk Assessment & Quality Control Flashcards
7 cards from real CPP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Risk Assessment & Quality Control flashcards as text
A project manager uses a tornado diagram during quantitative risk analysis. What does the longest bar in the diagram represent?
Answer: The risk with the greatest uncertainty impact on the project objective
Tornado diagrams rank risks by their range of impact on a project objective, with the longest bar showing the variable with the greatest uncertainty influence.
During quality planning, a CPP practitioner creates a control chart and identifies that several data points are outside the control limits. What should happen next?
Answer: Treat the situation as a special cause variation requiring investigation
Points outside control limits indicate special cause (assignable cause) variation, which requires investigation and corrective action rather than ignoring or adjusting limits.
Which risk response strategy is being used when a project team decides to outsource a high-risk software module to a specialized vendor?
Answer: Transfer
Transferring risk shifts the financial impact and ownership of the risk to a third party, such as through outsourcing, insurance, or contracts.
A CPP candidate is reviewing the quality management plan and finds that the acceptable defect rate is set at 2%. This is an example of which quality concept?
Answer: Quality metric
A quality metric defines the specific measurement criteria and acceptable values used to evaluate whether a deliverable meets quality standards.
In risk management, what is the primary purpose of a risk register?
Answer: To record identified risks, their characteristics, and planned responses
The risk register is the central document that captures identified risks, their probability, impact, category, owner, and planned response strategies.
A project experiences repeated quality failures in the same process step. A fishbone diagram is used to analyze the problem. What is the fishbone diagram primarily designed to identify?
Answer: The root causes contributing to a specific quality problem
Fishbone (Ishikawa or cause-and-effect) diagrams are used to identify and organize the potential root causes of a quality problem.
When applying the risk probability and impact matrix, a risk is rated high probability and low impact. How should this typically be treated compared to a low probability, high impact risk?
Answer: Low probability/high impact risks are often prioritized because of potential catastrophic consequences
Low probability but high impact risks (such as project-ending events) often warrant priority attention despite their unlikely occurrence because of the severity of potential consequences.