Project Management Bespoke Final

Project Management Bespoke Final

Professional Development

10 Qs

quiz-placeholder

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 Project Management Bespoke Final

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Assessment

Quiz

Information Technology (IT)

Professional Development

Medium

Created by

William Korsinah

Used 2+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of risk management?

  • To eliminate all potential risks.

  • To identify and assess potential risks.

  • To minimize the impact of negative events.

  • To maximize the potential benefits of opportunities.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which risk response strategy involves eliminating the risk altogether?

  • Risk Acceptance

  • Risk Avoidance

  • Risk Transfer

  • Risk Mitigation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tool used to visually represent the probability and impact of risks is called:

  • SWOT Analysis

  • Risk Register

  • Risk Assessment Matrix

  • Fishbone Diagram

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of a project manager in risk management?

  • To focus solely on high-impact risks and neglect low-impact risks

  • To ignore low-probability risks to avoid unnecessary complexity

  • To delegate risk management responsibilities to team members

  • To develop a comprehensive risk management plan and monitor risks throughout the project

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of Key Performance Indicators (KPIs)?

  • To allocate project resources

  • To identify project risks

  • To measure project costs

  • To track project progress and performance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a key characteristic of a good KPI?

  • Relevant to project objectives

  • Measurable and quantifiable

  • Easily understood by all stakeholders

  • Subjective and open to interpretation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to use both leading and lagging indicators?

  • To identify potential risks and take corrective action

  • To measure the overall success of the project

  • To provide a balanced view of project performance

  • To track the progress of project milestones

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