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MCQ | Risk Management in Software Engineering

Software Engineering | Risk Management MCQ: This section contains the multiple-choice questions on Risk Management in Software Engineering.
Submitted by IncludeHelp, on September 10, 2021

Here you will find the MCQs on risk management in Software Engineering. The MCQs will enhance the learning and knowledge base with respect to risk management for software projects in Software Engineering.

Q1. Risks are those that can be uncovered after careful evaluation of the project plan,

  1. True
  2. False

Answer: A) True

Explanation:

It is only after a thorough examination of the project plan, as well as the commercial and technical environments in which the project is being created, and other relevant information sources, that risks can be identified.


Q2. Risk analysis and management are a series of steps that help a software team understand and manage uncertainty,

  1. True
  2. False

Answer: A) True

Explanation:

Risk analysis and management are a series of procedures that assist a software development team in understanding and managing uncertainty in the software development process. Many issues can arise during the development of a software project.


Q3. Project risks threaten the ____.

  1. Project plan
  2. Project development
  3. Project monitoring
  4. None of the mentioned above

Answer: A) Project plan

Explanation:

Project risks pose a threat to the project's overall plan. In other words, if project risks materialize, it is likely that the project timeline will be pushed back and expenses will rise. Project risks highlight potential budgetary, scheduling, people, resource, stakeholder, and requirements issues, as well as the consequences of these issues on a software project. Project risks are identified in the context of a software project.


Q4. A risk is a potential problem - it might happen, it might not.

  1. True
  2. False

Answer: A) True

Explanation:

A risk is a prospective problem that could occur, but is not guaranteed to do so. However, regardless of the conclusion, it is extremely important to identify the problem, assess the likelihood of its occurrence, estimate its impact, and develop a contingency plan in the event that the problem does exist in the first place.


Q5. Technical risks threaten the ____ of the software.

  1. System development
  2. Quality and timeliness
  3. System integration
  4. All of the mentioned above

Answer: B) Quality and timeliness

Explanation:

A number of technical risks exist that could jeopardize the quality and timeliness of the software that will be developed. Technical risks are difficulties that can occur during the design process, implementation, interface, verification, and maintenance phases.


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Q6. Risk identification is a systematic attempt to specify threats to the ____.

  1. Project integration
  2. Project maintenance
  3. Project plan
  4. Project hierarchy

Answer: C) Project plan

Explanation:

An attempt to describe hazards to the project plan through a systematic process is known as risk identification. Identification of known and expected hazards is the first step toward avoiding or controlling them when possible and minimizing their impact when required.


Q7. Product-specific risks can be identified only by those with a clear understanding of the technology,

  1. True
  2. False

Answer: A) True

Explanation:

People with a thorough understanding of the technology, people, and environment that are special to the program that is being developed are the only ones who can identify product-specific hazards. The project plan as well as the software statement of scope is analyzed in order to identify product-specific risks.


Q8. Amongst which of the following is / are the risk components and drivers,

  1. Performance risk & Cost risk
  2. Support risk
  3. Schedule risk
  4. All of the mentioned above

Answer: D) All of the mentioned above

Explanation:

The risk components and drivers are Performance risk, Cost risk, Support risk and Schedule risk. There are four impact categories for each risk driver on the risk component: negligible, marginal, critical, and catastrophic. The influence of each risk driver on the risk component is classified as follows: marginal, crucial, and catastrophic.


Q9. Amongst which of the following is / are the Risk projection, attempts to rate each risk.

  1. Establish a scale that reflects the perceived likelihood of a risk, delineate the consequences of the risk
  2. Estimate the impact of the risk on the project and the product
  3. Assess the overall accuracy of the risk projection so that there will be no misunderstandings.
  4. All of the mentioned above

Answer: D) All of the mentioned above

Explanation:

The risk projection, attempts to rate each risk establishes a scale that reflects the perceived likelihood of a risk, delineate the consequences of the risk, estimate the impact of the risk on the project and the product and assess the overall accuracy of the risk projection so that there will be no misunderstandings.


Q10. If a software team adopts a proactive approach to risk, avoidance is always the best strategy.

  1. True
  2. False

Answer: A) True

Explanation:

If a software team takes a proactive approach to risk management, it is always preferable to avoid problems rather than deal with them. This is accomplished through the development of a risk reduction strategy. The project manager keeps an eye out for factors that could indicate whether a risk is becoming more or less likely to occur in the future.



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