Risk Management Quizzes & Trivia

Are you ready to take a chance? "No risk, no reward", right? As long as it's a calculated risk, you shouldn't worry too much. That's where "Risk Management" comes in. How well can you balance the risks versus the rewards? Can you identify risk areas given specific scenarios? Are you familiar with making contingency plans? If you answered yes, then you should be able to manage our quizzes on "Risk Management" well.

From the simplest of scenarios to slightly complicated ones; there's a bit for everybody. Are you ready to take a stab at our quizzes? "You’ll always miss 100% of the shots you don’t take", as the great Wayne Gretzky once said. So what are you waiting for? Take your shot at our "Risk Management" quizzes.
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What we have here is some risk management practice questions. There are different threats that people face when it comes to their property, and if they occur, it can lead to someone suffering a loss. To guide you through this...

Questions: 10  |  Attempts: 4776   |  Last updated: Aug 4, 2020
  • Sample Question
     Which of the following statements best describes risk? 

Please enter your full name below to begin the quiz.  

Questions: 12  |  Attempts: 2048   |  Last updated: Sep 23, 2020
  • Sample Question
    Who is ultimately responsible for managing information security risks?

Test your risk mangement knowledge after examining the lecture materials, case studies, and readings for this module.

Questions: 10  |  Attempts: 3582   |  Last updated: Sep 24, 2018
  • Sample Question
    According to Maylor, what are traditionally the core three risk categories?

Will you take the risk management practice questions? If you are planning on becoming a Project manager, you need to have adequate knowledge of all that is risk management. There are a lot of factors that can affect the success...

Questions: 21  |  Attempts: 661   |  Last updated: Feb 11, 2020

Questions: 7  |  Attempts: 2138   |  Last updated: Jun 18, 2020
  • Sample Question
    What is one way that you can help to reduce safety risks for your organization's activities and events?

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Risk Management Questions & Answers

What are the three traditional core risk categories according to Maylor?
The three traditional core risk categories, according to Maylor, are cost, schedule, and quality. These are the major risks that would be first considered when it comes to either project or economic management. When we are talking about cost. The tru
Which method of risk management best describes the use of high deductibles or elements of self-insurance to reduce insurance costs?
Risk management is central to all insurance. If an individual insuring himself, his family or his possessions, wishes to reduce the premium he pays for the peace of mind that insurance brings, he can do this by accepting high deductibles. He must wo
Which of the following defines residual risk?
1. c. (threats x vulnerability x asset value) x control gap-residual risk is the amount of risk remaining after the countermeasure has been implemented. to figure out the actual resdidual risk, the team must identify and calculate the risk, which i
Why Risk Management is Important?
Failing to manage risk will result in more problems, higher benefits and a higher chance of project success.