Quiz: Important Questions On Project Risk Management
10 Questions
| Total Attempts: 421
Welcome to the important questions on project risk management. It is very rare that you will get a project that offers zero risks for those undertaking them, and this is due to a lot of factors such as the resources, time, and even quality. As a project manager, just how much do you know about risk? Do take up this quiz and get to refresh your memory!
Questions and Answers
- 1.Risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives. True or false?
- A.
True
- B.
False
- 2.Risk [Blank] individuals do not like to take risks.
- 3.Which of the following is NOT considered Risk Categorization?
- A.
External
- B.
Internal
- C.
Technical
- D.
Methodology
- 4.A hierarchical representation of risks according to their risk categories is called:
- A.
Risk Categorization
- B.
Risk Breakdown Structure
- C.
Risk Data Assessment
- D.
Risk Reassessment
- 5.A risk response strategy whereby the project team acts to reduce the probability of occurrence or impact of a risk.
- 6.The process of determining which risks may affect the project and documenting their characteristics.
- A.
Identify Risks
- B.
Risk Management Plan
- C.
Risk Register
- D.
Scope risks baseline
- 7.Plan Risk Management Inputs include
- A.
Project Management Plan
- B.
Project Charter
- C.
Stakeholder Register
- D.
Expert Judgement
- 8.The risk analysis technique that helps to determine which risks have the most potential impact on the project.
- A.
Expected monetary value analysis
- B.
Sensitivity Analysis
- C.
Monte Carlo simulation
- D.
Decision tree diagrams
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