W11 PM 24

All risks must be identified early in the projects. This will enable us to tackle these risks. We then do not have to worry about Project Risks later.

• True

• False

Today's VUCA (Volatility, Uncertainty, Complexity, Ambiguity) environment has made Risk Management obsolete.

• True

• False

We will handle first the risks with _____

• very high likelihood

• very high

  severity

• very high

  impact

If the likelihood of an event is zero (0), it means that the risk has already happened.

• True

• False

All companies in the same business assign the same risk severity for the same range of PI scores.

• True

• False

The Risk Management process is used in the following phases of Project Management

• Planning

• Executing

• Controlling

• Closing

• Initiating

The Bubble Diagram allows us to highlight the risks with ......

• highest impact

• highest likelihood

• highest severity

The primary objective of risk management is to minimize the probability and/or impact of all events.

• True

• False

To mitigate a negative risk, we .....

• reduce the probability and increase the impact value

• reduce the impact value and increase the probability

• reduce the probability and/or impact value

• increase the probability and/or impact value

When there are risks, we use PERT instead of CPM

• True

• False