Project Risk Management

Project Risk Management

University

10 Qs

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Project Risk Management

Project Risk Management

Assessment

Quiz

Instructional Technology

University

Practice Problem

Medium

Created by

Dianalyn Himaybay

Used 19+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is an uncertainty that can have a negative or positive effect on meeting project objectives.

Risk Utility

Risk Tolerance

Risk Mangement

Risk

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who is risk-_____ receives greater satisfaction when more payoff is at stake and is willing to pay a penalty to take risks.

Averse

Seeking

Neutral

Aware

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which risk management process involves prioritizing risks based on their probability and impact of occurrence.

Planning Risk Management

Identifying Risk

Performing Qualitative Risk Analysis

Performing Quantitative Risk Analysis

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your project involves using a new release of a common software application, but if that release is not available, your team has _____ plans to use the current release.

Contingency

Fallback

Reserve

Mitigation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which risk identification tool involves deriving a consensus among a panel of experts by using anonymous input regarding future events?

Risk Breakdown Structure

Brainstorming

Interviewing

Delphi Technique

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your project team has decided not to use an upcoming release of software because it might cause your schedule to slip. What negative risk response strategy are you using?

Avoidance

Acceptance

Transference

Mitigation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Changing the size of an opportunity by identifying and maximizing key drivers of the positive risk.

Risk exploitation

Risk sharing

Risk acceptance

Risk enhancement

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