Question 1. | Question : | (TCO A) A stakeholder analysis in risk management |
| | Student Answer: | | identifies project stakeholders. | | | | obtains stakeholder tolerance for a given project. | | | | determines how best to manage a given stakeholder in a project. | | | | determines how often to meet with a given stakeholder. | | | |
| |
Question 2. | Question : | (TCO A) When using the ATOM process to manage risks, an initiation meeting should be used for |
| | Student Answer: | | all projects. | | | | small and medium projects. | | | | complex projects. | | | | medium and large projects. | | | |
| |
Question 3. | Question : | (TCO B) All of the below are risk identification methods, except |
| | Student Answer: | | Ishikawa diagrams. | | | | process flow diagrams. | | | | SWOT. | | | | residual risk diagrams. | | | |
| |
Question 4. | Question : | (TCO D) In which risk response strategies are risks guaranteed to not occur if they are negative and guaranteed to occur if they are positive after the response plan is initiated? |
| | Student Answer: | | Transference and sharing | | | | Exploitation and avoidance | | | | Acceptance and enhancement | | | | Mitigation and active acceptance | | | |
| |
Question 5. | Question : | (TCO E) One the key functions of risk monitoring and control is to |
| | Student Answer: | | identify new risks. | | | | reduce scope creep. | | | | improve project quality. | | | | minimize communication issues. | | | |
| |
Question 6. | Question : | (TCO H) When using the ATOM process to manage risks, which is the importance of an initiation meeting? |
| | Student Answer: | | To determine how much of the risk management process to employ for a project | | | | To determine the stakeholder tolerance for quality issues | | | | To determine how many contractors to employ on a given project | | | | To determine the proper risk responses for a given project | | | |
| |
Question 7. | Question : | (TCOA) Explain when risk breakdown structure is created, and explain the importance of a risk breakdown structure in risk management. |
| | |
Question 8. | Question : | (TCO B) Explain the qualitative risk analysis process. |
| | |
Question 9. | Question : | (TCO D) Explain transference as a risk response strategy, and provide an example of its use in a project. |
| | |
Question 10. | Question : | (TCO E) What is the purpose of performing reserve analysis during the risk management process? |
| | |
Question 11. | Question : | (TCO H) What is the role of a risk owner in the risk management process? |
| | |
|