Reference no: EM132231860
1. When assigning responsibility for a risk, it is best to
assign responsibility to a single person.
assign responsibility to more than one person.
not assign responsibility to those risks with low risk of occurrence.
assign responsibility to the project team.
2. A risk is
a harmless event or activity.
an uncertain event that, if it occurs, can jeopardize accomplishing the project objective.
something that increases the susceptibility of occurrence.
venture capital to support a project.
3. The possible impact for rain or snow on the day of an event is
move the event to the rain date scheduled.
review the weather report two days before the event.
reserve an indoor space for the event.
low attendance at the event.
4. A possible action trigger for rain or snow on the day of an event is
review the weather report two days before the event.
move the event to the rain date scheduled.
low attendance at the event.
reserve an indoor space for the event.
5. Risks can be prioritized based on
the amount of funds planned to manage the risk.
the project team member that identified the risk.
the amount of time the project team has to manage the risk.
the likelihood of occurrence and degree of impact.
6. Risks on the critical path should be
given equal priority than those activities with positive total slack.
given lower priority than those activities with positive total slack.
given higher priority than those activities with no total slack.
given higher priority than those activities with positive total slack.
7. A risk response plan can
record the risk for lessons learned.
examine the risk.
ignore the risk or pay for the risk.
avoid the risk, mitigate the risk, or accept the risk.
8. For risks that have occurred in a project, the team should
talk about the risk without recording the minutes of the meeting.
add more resources to the tasks that are impacted by the risk occurring.
track and document the risks and store the information in lessons learned.
expect that the other risks are going to occur so they should increase resources for those tasks impacted.
9. The trigger point in the risk response plan is when the project team should
implement the action plan for each risk.
avoid the risk by moving onto the next activity.
stop working on the project because it cannot be completed.
brainstorm for ideas on how to manage the risk.
11. Which of the following statements about risks is true?
The consequence of a risk can be positive for the project.
Only risks that impact the critical path of the project are important to mitigate.
Risks only occur in projects that are long term projects.
Risks are higher in long term projects.
14. This involves taking action to reduce the likelihood that the risk event will occur or reducing the potential impact.
Risk identification
Avoiding the risk
Mitigating the risk
Accepting the risk