PROJ 595 Week 2 Quiz

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PROJ 595 Week 2 Quiz

1.Question :(TCO A) Risk management is
Student Answer: exposure to the consequences of uncertainty
 culture, processes and structures directed towards the management of potential opportunities
 determining if risk is tolerable
 all of the above
 none of the above

 

 2.Question :(TCO A) The objective of risk management is to
Student Answer: reduce organizational costs
 increase organizational costs
 transfer organizational costs
 identify and manage significant risks
 identify and manage all risks

 

 3.Question :(TCO B) The qualitative risk analysis step assigns
Student Answer: each risk a list
 each risk a priority
 each project action a priority
 all of the above
 none of the above

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 4.Question :(TCO C) Risk treatment strategies should include
Student Answer: risk prevention
 impact mitigation
 risk sharing
 all of the above
 none of the above

 

 5.Question :(TCO C) Insurance is commonly used as a ___________ strategy.
Student Answer: well known risk deferment
 risk elimination
 cost
 all of the above
 none of the above

 

 6.Question :(TCO C) Insurance is a ____ sharing strategy.
Student Answer: well known risk
 little used risk
 cost
 all of the above
 none of the above

 

 7.Question :(TCO A) List and briefly define five specific tools and techniques that can be used to identify risk associated with projects.
 8.Question :(TCO A) Project risk management is a topic of major current interest. Identify at least two organizations that are currently addressing project risk management and explain how they are addressing project management?
 9.Question :(TCO B) Explain the purpose of the semi-quantitative risk assessment process.
 10.Question :(TCO B) Explain the method of the semi-quantitative risk assessment process.

 

 11.Question :(TCO C) Is full risk management needed at all times?

 

 12.Question :(TCO C) What is the purpose of a risk summary sheet?

 

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