Order Project Risk Management Discussion

Order Project Risk Management Discussion
Order 5899049
Order Project Risk Management Discussion
Question 307: What is the best description of the objectives of the risk management work
you will undertake on your project?
A: Increase the probability and impact of positive events and
decrease the probability and impact of negative events.
B: Decrease the probability and impact of positive events and
increase the probability and impact of negative events.
C: Decrease the probability and impact of any risks occurring
on the project.
D: Assess the qualitative and quantitative probability and
impact of positive and negative risk to the project.
Question 308: All of the following are characteristics of risks except?
A: Risk is always in the future.
B: Risk is an uncertain event or condition.
C: If a risk occurs, it will have an effect on at least one project
objective.
D: Risk cannot be avoided.
Question 309: When completing your risk management plan you also decide to
create a contingency plan. What is the main reason for creating a risk contingency plan?
A: Unknown risks that cannot be managed proactively.
B: To deal with known risks with a large uncertainty about the
probability of occurrence.
C: Unknown risks that have been identified in the risk
management plan.
D: Known risks that if they occur can have a larger-thananticipated impact on your project.
Order Project Risk Management Discussion
Question 310: While completing your risk management plan you also decide to
create a fallback plan. What is the main reason for creating a fallback plan?
A: To deal with known risks with a large uncertainty about the
probability of occurrence.
B: Unknown risks that cannot be managed proactively.
C: Unknown risks that have been identified in the risk
management plan.
D: Known risks that if they occur can have a larger-thananticipated impact on your project.
CHAPTER 1 ■ QUESTIONS
80
Question 311: The willingness to accept varying degrees of risk is called what?
A: Risk tolerance
B: Risk acceptance
C: Risk planning
D: Risk analysis
Question 312: When should you begin risk management on a project?
A: When you are completing the monitoring and controlling.
B: Once project planning has commenced.
C: Once project execution has commenced.
D: As soon as a project is initiated or conceived.
Question 313: During a meeting to develop your risk management plan, a senior
team member questions whether you have all the required inputs to develop a robust risk
management plan that is appropriate for your project. Which of the following is not an
input that you could use to complete this work successfully?
A: Risk management plan
B: Project charter
C: Stakeholder register
D: Project management plan
Order Project Risk Management Discussion
Question 314: You and your project team are currently involved in the process to
plan your particular approach to risk management on your project and are using a variety
of tools and techniques to assist you in producing the risk management plan. Which of
the following is not a tool or technique used during the Plan Risk Management process?
A: Risk probability and impact assessment
B: Analytical techniques
C: Expert judgment
D: Meetings
Question 315: As part of your risk management planning, you develop a diagram
showing the hierarchy of project risks arranged by risk category and subcategory. What is
this diagram commonly called?
A: Risk assessment register
B: Risk breakdown structure
C: Probability and impact matrix
D: Risk register
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