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: 10763   |  Last updated: Aug 4, 2020
  • Sample Question
     Which of the following statements best describes risk? 


Questions: 10  |  Attempts: 4573   |  Last updated: Jan 28, 2021
  • Sample Question
    According to Maylor, what are traditionally the core three risk categories?

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Questions: 12  |  Attempts: 2928   |  Last updated: Sep 23, 2020
  • Sample Question
    Who is ultimately responsible for managing information security risks?

Questions: 10  |  Attempts: 1362   |  Last updated: Sep 28, 2020
  • Sample Question
    Hazard is defined as:

Project risk is the possibility that project events will not occur as planned or that unplanned events will harm the project. Do you have a risk management quiz coming up? The quiz below is designed to test out just how ready you...

Questions: 45  |  Attempts: 704   |  Last updated: Jan 6, 2021
  • Sample Question
    The asset with the highest risk rating is: Asset Vulnerability Asset Impact Danger Supply Order Hardware failure 10 0.2 Customer e-mail Software failure 30 0.1 Employee e-mail Human Error 20 0.2 Supply fulfillment Power failure 10 0.3

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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
Why Risk Management is Important?
Failing to manage risk will result in more problems, higher benefits and a higher chance of project success.
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