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WorksheetsRisk and Issues Management
Total questions: 15
Worksheet time: 8mins
An uncertain event or set of circumstances that would (if it occurred) have an effect on the achievement of one or more objectives’ best describes what….?
Risk event
Risk appetite
An issue
Risk attitude
Which of the following is a response category to a threat?
Accept
Reduce
Avoid
All of these
The original 'untreated' risk that is identified is referred to as……
Secondary risk
Inherent risk
Residual risk
An issue
Which role is responsible for executing the approved response to a risk?
Project Manager
Risk Owner
Risk Manager
Risk Actionee
A risk description should always include which three elements
Probability / Impact / Proximity
Cause / Event / Effect
Avoid / Reduce / Accept
Enhance / Exploit / Share
Which of the following is NOT a technique used for Risk Identification?
Checklist
PESTLE
Probability v Impact matrix
Brainstorming
Which of the following is a response category to a opportunity?
Avoid
Enhance
Reduce
Transfer
Which role is responsible for ensuring the appropriate level of Risk Management is applied to a project?
Project Manager
Risk Owner
Risk Manager
Risk Actionee
Which of the following words should NOT be used when identifying an issue?
May not happen
Is happening
Has happened
Will happen
Risks can be assessed using what types of methods?
Qualitative methods only
Quantitative methods only
Both Qualitative and Quantitative methods
Neither Qualitative or Quantitative methods
Risks can be assessed against which of the following criterion?
Probability
Proximity
Impact
All three
In which step of the process would a Risk Management Plan be produced?
Establish How
Identify
Prioritise and Measure
Monitor and Control
Act / Monitor
Complete the following sentence 'The response of an individual or group to a given uncertain situation’ is the definition of 'risk……..'
Appetite
Attitude
Tolerance
Event
In which step of the process would a Planned response be executed?
Establish How
Identify
Prioritise and Measure
Monitor and Control
Act / Monitor
Which of the following categories could be used to describe the impact of a risk event?
Time
Cost
Quality
All of these
