1. Every risk has 100% likelihood. True or false.
a) True
b) False
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ANSWER: b) False Comment: Risk is a possibility, not a certainty. It may or may not occur
2. Risk management is responsibility of the
a) Customer
b) Investor
c) Developer
d) Project team
e) Production team
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ANSWER: d) Project team Comment: Risk management is responsibility of a whole project team. They should identify the risks as early as possible and come up with the ways to deal with them.
3. Risk is expressed in terms of probability and impact.
a) True
b) False
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ANSWER: a) True Comment: A factor that could result in future negative consequences; usually expressed in terms of impact and likelihood.
4. .RE represents what
a) Risk expense
b) Related expense
c) Risk exposure
d) Risk evaluation
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ANSWER: c) Risk exposure Comment: Risk Exposure=probability* impact.
In an organization risk exposure is statistically measurable value where impact and probability is assigned on scale of 1-5 or 1-10. Risk Exposure is also called as a Risk Priority Number(RPN).
5. As a tester which of the following will come under product risk if you are testing an e-commerce website?
a) Shortage of testers
b) Many changes in SRS that caused changes in test cases
c) Delay in fixing defects by development team
d) Failure to transfer a user to secure gateway while paying
e) All of the above
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ANSWER: d) Failure to transfer a user to secure gateway while paying Comment:A risk directly related to the test objects are product risks.
6. Which of the following technique will ensure that impact of risk will be less?
a) Risk avoidance technique
b) Risk Mitigation technique
c) Risk contingency technique
d) All of the above
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ANSWER: c) Risk contingency technique Comment: Mitigation and avoidance is same that is reducing likelihood.
7. What is associated with product risk?
a) Control of test item
b) Negative consequences
c) non-availability of test environment
d) Test object
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ANSWER: d) Test object Comment:A risk directly related to the test objects are product risks.
8. Risk management is important part of a project management. True or false.
a) True
b) False
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ANSWER: a) True
9. After deployment of a system, a software is incorrectly performing one of its major functionality. Who is going to determine how badly it will hamper the organization?
a) QA personnel
b) Developer
c) Technical people
d) Business analyst
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ANSWER: d) Business analyst Comment: Business people will determine the impact while technical people will determine probability of risk occurrence while assessing the risk
10. Which is/are ways to deal with risk?
a) Mitigate
b) Contingency
c) Transfer
d) Ignore
e) All of the above
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ANSWER: e) All of the above Comment: Mitigate: avoid likelihood
Contingency: Reduce impact
Transfer: Outsource expertise
Ignore: Done if likelihood and impact are low
11. What is risk?
a) Negative consequence that could occur
b) Negative consequence that will occur
c) Negative consequence that must occur
d) Negative consequence that shall occur
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ANSWER: a) Negative consequence that could occur
