Unit 10: Understand Risk and Issue Management in the Context of

What is the primary purpose of risk management in a project?

• To identify, assess, and manage potential threats to project objectives

• To eliminate all potential risks before the project begins

• To ensure that project risks are completely avoided

• To reduce project scope to avoid potential risks

Which steps are typically part of the project risk identification process? (Select all that apply)

• Reviewing project plans and documents to find potential risks

• Conducting brainstorming sessions with project team members

• Ignoring minor risks to simplify reporting

• Consulting stakeholders for insights on potential risks

What factors are considered when assessing and prioritising project risks? (Select all that apply)

• Probability of the risk occurring

• Impact of the risk on project objectives

• Time of year

• Proximity of the risk in the project timeline

Which methods are commonly used to manage and respond to risks in a project? (Select all that apply)

• Avoiding the risk by changing the project scope or plan

• Mitigating the risk by reducing its probability or impact

• Accepting the risk when it’s minor or unavoidable

• Ignoring the risk and waiting for it to resolve on its own

Why is it essential to monitor and control risks throughout a project?

• To track risk status and adjust response plans as needed

• To minimise the need for regular stakeholder updates

• To eliminate the need for risk management in future projects

• To allow the project manager to bypass stakeholder approval

What is the purpose of a project risk register? (Select all that apply)

• To document identified risks and their details

• To assign owners responsible for managing each risk

• To list project deliverables for team reference

• To track risk responses and status updates

What is the main purpose of issue management in projects?

• To identify, track, and resolve issues that arise during the project

• To ensure all team members have complete autonomy

• To bypass documentation for faster issue resolution

• To eliminate the need for stakeholder communication

What steps are commonly included in the process of issue identification and resolution? (Select all that apply)

• Documenting the issue and its potential impact

• Assigning responsibility for resolving the issue

• Allowing the issue to resolve itself without intervention

• Developing and implementing a plan to resolve the issue