Question 1

_______ is a list of the potential outcomes if the risk were to occur.

Accepted Answer

A)  The mitigation plan 
B)  The priority order 
C)  The impact of a risk 
D)  The action trigger 
A)  The mitigation plan 
B)  The priority order 
C)  The impact of a risk 
D)  The action trigger

Question 2

_________ includes taking action to prevent or minimize the likelihood of occurrence or the impact of such unfavorable events.

Accepted Answer

A)  Managing risk 
B)  Taking chances 
C)  Identifying the trigger point 
D)  Naming the person responsible for the risk response plan 
A)  Managing risk 
B)  Taking chances 
C)  Identifying the trigger point 
D)  Naming the person responsible for the risk response plan

Question 3

Sometimes a sponsor identifies major risks for the project in

Accepted Answer

A)  the lessons learned after the project. 
B)  the project charter when the project is authorized. 
C)  the contract for service. 
D)  the project evaluation meeting. 
A)  the lessons learned after the project. 
B)  the project charter when the project is authorized. 
C)  the contract for service. 
D)  the project evaluation meeting.

Question 4

Risk management involves identifying, assessing, and responding to project risks in order to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective.

Accepted Answer

A) True 
 B)False

Question 5

Historical information from past projects is another source that can be helpful in identifying possible risks.

Accepted Answer

A) True 
 B)False

_______ is a list of the potential outcomes if the risk were to occur.

_________ includes taking action to prevent or minimize the likelihood of occurrence or the impact of such unfavorable events.

Sometimes a sponsor identifies major risks for the project in

Risk management involves identifying, assessing, and responding to project risks in order to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective.

Historical information from past projects is another source that can be helpful in identifying possible risks.

Project Management Concepts

Identifying and Selecting Projects

Developing Project Proposals

Defining Scope, Quality, Responsibility, and Activity Sequence

Developing the Schedule

Resource Utilization

Determining Costs, Budget, and Earned Value

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organizational Structures

Project Management Information Systems

Filters

Exam 8: Managing Risk

_______ is a list of the potential outcomes if the risk were to occur.

_________ includes taking action to prevent or minimize the likelihood of occurrence or the impact of such unfavorable events.

Sometimes a sponsor identifies major risks for the project in

Risk management involves identifying, assessing, and responding to project risks in order to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective.

Historical information from past projects is another source that can be helpful in identifying possible risks.

Project Management Concepts

Identifying and Selecting Projects

Developing Project Proposals

Defining Scope, Quality, Responsibility, and Activity Sequence

Developing the Schedule

Resource Utilization

Determining Costs, Budget, and Earned Value

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organizational Structures

Project Management Information Systems

Filters