Quiz: Important Questions On Project Risk Management

10 Questions | Total Attempts: 371

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Quiz: Important Questions On Project Risk Management

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