SY53102FP PM Chapter 4

Which of the following is NOT a dimension used in the Risk Impact/Probability Chart?

• Probability

• Impact

• Cost

• Likelihood

What is risk management?

• Minimizing project costs

• Identification, assessment, and prioritization of risks

• Hiring more workers

• Scheduling project tasks

Which of the following is a risk management strategy?

• Risk Avoidance

• Risk Ignorance

• Risk Multiplication

• Risk Expansion

A risk that has a probability of 0% is considered:

• A certianty

• Not a risk

• A high risk

• An opportunity

Which risk management technique involves accepting the consequences of a risk?

• Risk Retention

• Risk Sharing

• Risk Avoidance

• Risk Reduction

What is contingency plan?

• The main project plan

• A plan for responding to identified risk

• A financial report

• A hiring strategy

Which of the following is considered a positive risk?

• Threat

• Opportunity

• Hazard

• Liability

The process of prioritizing risks is done to:

• Ignore all risks

• Focus on the most important risks

• Increase project duration

• Reduce project quality

Which is the following is NOT a risk management process?

• Identification

• Assessment

• Prioritization

• Recruitment

What is a risk trigger?

• A warning sign that activiates a contingency plan

• A financial milestone

• A new team member

• A project milestone