Risk Management week 1

Card Set Information

Risk Management week 1
2013-08-22 21:30:51
Risk Management week

Risk Management week 1
Show Answers:

  1. Which of the following best describes why a work breakdown structure is needed before you can complete the risk management process?
    C) It shows the work to be done on the project.
  2. What is the purpose of risk management?
    D) To systematically manage things that can go right and wrong on a project
  3. Which of the following is most likely to occur if risk management is not done on a project?
    The project will cost more and take longer.
  4. Which of the following are needed before you can effectively perform the Plan Risk Management process
    A work breakdown structure and a project charter
  5. Someone who is risk averse:
    C) Prefers to avoid risks.
  6. 6.The process of determining how well a risk is understood is called:
    B) Data quality analysis.
  7. Probability and impact of risks can be determined by all of the following EXCEPT:
    Interviewing experts
  8. Which of the following is a risk response strategy for both threats and opportunities?
    B) Accept
  9. Contingency reserves can be used
    C) To deal with specific risks as planned
  10. A risk review
    A) Looks forward in time to ensure existing risk response plans are adequate.