Risk Management Quiz

The Dunning-Kruger effect occurs when:

• People with in-depth knowledge do not overestimate their abilities.

• Ignorant people overestimate their abilities.

• Highly skilled people underestimate their abilities.

• The work group does not properly assess the abilities of its members.

What is a search method (Heuristics)?

• Complex data analysis methods.

• Mental shortcuts for quick decision making.

• The process of searching for information from many sources.

• The act of intentionally avoiding difficult decisions.

What are the benefits of using big data in risk management?

• Real-time data analysis to identify risks.

• Avoid analyzing historical data.

• Relying solely on human judgment to assess risk.

• Focus only on long-term risks.

According to Hofstede's cultural theory, what does masculinity represent in risk management?

• Society values consensus and cooperation more than individual ambition.

• Society values competition, ambition, and assertiveness.

• Society values stability and predictability in decisions.

• Society values innovation and risk taking.

In Scrum, who is responsible for ensuring the team follows the Scrum framework and removing impediments?

• Product Owner

• Scrum Master

• Development Team

• Project Management

Which structure is not specifically defined in Scrum but provides guidelines for how the team works?

• Functional

• Projectization

• Scrum

• Matrix

What is the formula to calculate the total number of communication lines in a group?

• N x (N+1) / 2

• N x (N-1) / 2

• N x N / 2

• N x N / 4

Which of the following helps build a risk-aware organizational culture?

• Establish clear policies on risk management.

• Encourage employees to ignore small risks.

• Point out risky errors after the project is completed.

• Reduce periodic risk assessments.

What should be done when new risks arise during project management?

• Ignore risks that were not part of the original plan.

• Add new risks to the risk matrix.

• Finish the project early to avoid new risks.

• Adjust the project schedule immediately.

What is an important step when collecting metrics?

• Identify contingency resources for the project.

• Develop a data collection plan.

• Increase customer involvement in the project.

• Evaluate product quality measurement index.