GOVBUS Online Quiz #2

Risk management is a one-time process that can be completed at the start of a project.

• TRUE

• FALSE

The goal of risk management is to eliminate all risks.

• TRUE

• FALSE

Risk management should only be done by the project manager or top management.

• TRUE

• FALSE

Risk identification is the most important step in the risk management process.

• TRUE

• FALSE

Risk mitigation strategies should be selected based solely on their effectiveness in reducing risk.

• TRUE

• FALSE

Risk management is only necessary for large, complex projects.

• TRUE

• FALSE

Risk management should be a collaborative effort involving stakeholders from different departments and levels of the organization.

• TRUE

• FALSE

Risk management should focus solely on negative risks and how to mitigate them.

• TRUE

• FALSE

Risk management should be an ongoing process that is integrated into project planning and execution.

• TRUE

• FALSE

Risk management is a static process, and the risk management plan created at the start of a project does not need to be updated or revised.

• TRUE

• FALSE