NSCT – Software Risk Management MCQs 20 min Score: 0 Attempted: 0/20 Subscribe 1. . Software Risk Management (SRM) is: (A) The process of identifying, analyzing, and mitigating risks in software projects (B) Only coding (C) Memory allocation (D) CPU schedulingShow All Answers 2. . The main goal of SRM is: (A) Only allocate memory (B) Minimize potential negative impact of risks on project objectives (C) CPU optimization (D) File deletion 3. . A software risk is: (A) Any uncertain event that can adversely affect the project, software, or stakeholders (B) Only CPU failure (C) Memory usage (D) File corruption only 4. . Types of software risks include: (A) Memory allocation risk (B) Only CPU risk (C) Project, technical, business, and external risks (D) File deletion risk only 5. . Project risks involve: (A) File management only (B) CPU scheduling only (C) Memory allocation only (D) Risks related to schedule, budget, resources, and scope 6. . Technical risks involve: (A) Memory allocation only (B) CPU optimization only (C) Risks due to technology, tools, complexity, or performance issues (D) File management only 7. . Business risks involve: (A) Risks related to cost, market changes, or financial viability of the project (B) CPU scheduling only (C) Memory allocation only (D) File deletion only 8. . External risks involve: (A) Risks from outside the organization such as legal, regulatory, or environmental factors (B) Only internal coding errors (C) CPU scheduling only (D) Memory allocation only 9. . Risk identification is: (A) Allocating memory (B) Detecting and listing potential risks that may impact the project (C) CPU scheduling (D) File deletion 10. . Risk analysis involves: (A) Memory allocation (B) CPU optimization (C) Assessing likelihood and impact of each identified risk (D) File management 11. . Risk prioritization is done based on: (A) CPU speed (B) Risk probability and impact severity (C) Memory usage (D) File size 12. . Risk mitigation involves: (A) Allocating memory only (B) Taking actions to reduce probability or impact of risks (C) CPU optimization only (D) File deletion only 13. . Risk monitoring involves: (A) CPU scheduling only (B) Continuously tracking identified risks and detecting new risks (C) Memory allocation only (D) File management only 14. . Contingency planning in SRM is: (A) Preparing backup plans if risks actually occur (B) Allocating memory only (C) CPU optimization only (D) File deletion only 15. . Software risk assessment helps in: (A) CPU scheduling only (B) Making informed decisions on risk mitigation and resource allocation (C) Memory allocation only (D) File deletion only 16. . Risk management plan includes: (A) Identified risks, analysis, mitigation strategies, and monitoring approach (B) Only coding standards (C) CPU scheduling (D) Memory allocation 17. . Tools used in SRM include: (A) CPU scheduling tools only (B) Risk matrices, risk registers, probability-impact charts, and management software (C) Memory allocation tools only (D) File deletion tools only 18. . Early risk detection helps in: (A) Reducing cost, effort, and impact on project schedule (B) CPU optimization only (C) Memory allocation only (D) File deletion only 19. . A risk register contains: (A) List of identified risks, their probability, impact, mitigation, and status (B) Only code changes (C) CPU scheduling logs (D) Memory usage records 20. . The ultimate goal of Software Risk Management is: (A) Deliver software successfully by minimizing risk impact on cost, schedule, and quality (B) Only allocate memory (C) Optimize CPU only (D) Delete files automatically