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- 1. Multiple ChoiceWhich of the following statements best describes risk?Uncertainty when looking to the futureClarity in future decisionsUncertainty when looking at the pastCertainly of not suffering harm or loss
- 2. Multiple ChoiceWhich of these is not a source of risk?Political RiskTechnology RiskEnvironmental RiskFunctional Risk
- 3. Multiple ChoiceWhich of the following is an act of god?SunshineA HurricaneMcDonaldsA baby being born
- 4. Multiple ChoiceDoses the project manager look into risks:On the projectIn the ProjectOn top of the projectBeside the project
- 5. Multiple ChoiceWhy Risk Management is Important? Which answer is incorrect?Minimizes threats, maximizes opportunities and optimizes the achievement of project objectives.Reduce the number of threats that materialize into problems and minimize the effects of those that do occurFailing to manage risk will result in more problems, higher benefits and a higher chance of project success.Results in more opportunities being captured proactively and turned into positive benefits for the project.
- 6. Multiple ChoiceWhen determining the risk of an event or activity it can be classed as major, moderate or minor – which of the following statements correctly describes the classification?Major - cause total failure of seven or more parts of the project?Moderate - will hold up or increase costs in one or more areas?Minor - will cause inconvenience and completely set the project back financially or in time?
- 7. Multiple ChoiceWhich of the following is a Quantification technique?REPTPERTPETPRET
- 8. Multiple ChoiceWhat are the four possible options when responding to risk?Avoid, Transfer, Accept, MitigateAccept, Mitigate, Evade, TransferEvade, Receive, Transfer, AvoidMitigate, Avoid, Evade, Transfer
- 9. Multiple ChoiceIdentifying Alternative strategies’ is also knowing as aContingency planEmergency planBack-up planIncident plan
- 10. Multiple ChoiceWhich factor is not normally considered in risk control?CostQualityEffort
- Answer choicesTagsAnswer choicesTags