PROJECT RISK MANAGEMENT
Flashcard
•
Professional Development
•
Professional Development
•
Practice Problem
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
The Key processes of Project Risk Management are: Plan Risk Management, Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, Implement Risk Responses, and Monitor Risks.
Back
Plan Risk Management, Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, Implement Risk Responses, and Monitor Risks.
2.
FLASHCARD QUESTION
Front
Strategies typically used to deal with threats or risks that may have negative impacts on project objectives if they occur include all of the following EXCEPT: Avoiding, Transferring, Mitigating
Back
Interpreting
3.
FLASHCARD QUESTION
Front
Risk transference nearly always involves: Payment of a risk premium to the party taking on the risk.
Back
Payment of a risk premium to the party taking on the risk.
4.
FLASHCARD QUESTION
Front
In the Plan Risk Responses process, an accept strategy for a negative risk or threat indicates that the project team has decided:
Back
Not to change the project management plan to deal with a risk, or it is unable to identify any other suitable response strategy.
5.
FLASHCARD QUESTION
Front
The primary output of the Identify Risks process is the:
Back
Risk register.
6.
FLASHCARD QUESTION
Front
All of the following are inputs to the Identify Risks process EXCEPT: Risk management plan, Scope baseline, Quality management plan.
Back
Risk mitigation plan.
7.
FLASHCARD QUESTION
Front
Outputs from the Plan Risk Responses process include all of the following EXCEPT: Change requests, Project documents updates, Project management plan updates.
Back
Corrective actions.
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