QUESTION 1
Projects within a _______________ are related through common outcomes and synergies.
Select one:
a.Portfolio
b.Program
c.Risk register
d.Functional area of operationsd
1 points
QUESTION 2
The purpose of risk management is:
Select one:
a.Ensuring that the project fulfills the need for which it was undertaken
b.Avoiding all risks on a project
c.Taking a systematic and proactive approach for understanding and reducing uncertainty
d.Identifying a list of risks that might impact the project
1 points
QUESTION 3
Projects are particularly susceptible to risk because:
Select one:
a.Something always goes wrong on projects – it’s Murphy’s Law
b.Each project is unique
c.Projects always work with limited resources
d.Project managers often skip the risk management process
1 points
QUESTION 4
The process groups that include specific risk process are _______________.
Select one:
a.Scoping, Planning, Executing, Testing, Closing
b.Planning and Monitoring/Controlling
c.Initiation, Planning, Executing, Monitoring/Controlling
d.Initiation and Executing
1 points
QUESTION 5
Organizations and stakeholders are willing to accept varying degrees of risk and uncertainty, depending on the balance of rewards they perceive to be gained by taking the risk. This is known as:
Select one:
a.Risk register
b.Risk management
c.Risk tolerance
d.Risk identification
1 points
QUESTION 6
Because specific unknown risks cannot be managed proactively, it is best to ________________.
Select one:
Purchase an insurance policy
Create a contingency plan or risk contingency fund
Understand the situation, generate options and solutions
Continue to identify risks until all risks are known
1 points
QUESTION 7
During the project, risk management should be performed:
Select one:
a.At least once
b.Proactively and consistently throughout the project
c.Only during the planning process
d.Near the end of the project to document lessons learned
1 points
QUESTION 8
The stakeholders who may have a role in project risk management are:
Select one:
a.Customers who will receive the deliverables of the project
b.Anyone involved in the project who has an investment in the outcome of the project
c.The management paying for the project
d.The project manager and his/her team implementing the project
1 points
QUESTION 9
Enterprise Environmental Factors (EEFs) include.
Select one:
a.Organizational culture
b.Internal political conditions
c.Available resources
d.All the above
1 points
QUESTION 10
The process group in which high level risks are first identified and documented is:
Select one:
a.Initiating
b.Planning
c.Project charter
d.Communications
