1. A project manager’s utility function describes the project manager’s: D A. Use of historical data in risk assessment B. Utilization of commercial databases in risk estimation C. Risk identification strategy D. Attitude toward risk 我第一个排除D,郁闷! If the minimum payoffs of four different strategies A1, A2, A3, and A4 are –10, 15, 0, and –20 respectively, which strategy would a project manager choose, using the “maximin” or Wald criteria (risk avoider)? c A. Strategy A1 B. Strategy A2 C. Strategy A3 D. Strategy A4 比太清楚the “maximin” 和“maximax”,碰到好几个题,不知如何计算,请详细解答 15. Which of the following is not an external, unpredictable risk? d A. Changes in government regulations B. Natural disasters C. Vandalism D. Inflation 我选择B,不知道是否错了 26. Using the “maximax” or Hurwicz criteria (i.e., go for broke or risk-lover), which strategy in the table below should be selected? c A. S1 B. S2 C. S3 D. S4 Payoff Table (Profit in Millions) Strategy Scenario 1 25% Scenario 2 50% Scenario 3 25% S1 80 50 120 S2 80 80 80 S3 160 120 -20 S4 20 40 20 S5 -20 0 -60 27. When the project team is carrying out risk management activities, the project manager facilitates decision-making that is influenced by the three broad categories of: a A. Certainty, risk, and uncertainty B. Probability, risk, and uncertainty C. Probability, risk event, and uncertainty D. Hazard, risk event, and uncertainty 我选择C,可没有明确的根据 28. When trying to manage and reduce the risks associated with a project, the risk events should be grouped by: c A. The effect that the risk event will have on the project B. The impact of the risk event should it occur C. The source of the risk event D. The project manager’s tolerance for the risk event 35. Based on the data in the table below, which strategy has the highest expected value with no possibility of a loss? A A. S2 B. S3 C. S4 D. S5 Payoff Table (Profit in Millions) Strategy Scenario 1 25% Scenario 2 50% Scenario 3 25% S1 80 50 120 S2 80 80 80 S3 160 120 -20 S4 20 40 20 S5 -20 0 -60
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