Project Risk Management
12 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is a risk in the context of project management?

  • A certain event that has a positive impact on a project
  • An uncertain event or condition that has a positive or negative impact on a project (correct)
  • A certain event that has a negative impact on a project
  • A type of project objective

    • What is the purpose of risk assessment?

  • To identify and analyze only external risks
  • To identify and mitigate all risks
  • To prioritize risks based on their likelihood
  • To identify, analyze, and prioritize risks and develop strategies to mitigate or exploit them (correct)

    • What is one way to identify potential risks in a project?

  • Conducting a post-project review
  • Reviewing project documentation (correct)
  • Developing a project schedule
  • Conducting a feasibility study

    • What is the purpose of risk prioritization?

    <p>To rank risks based on their likelihood and impact</p> Signup and view all the answers

    What is risk mitigation?

    <p>The process of developing and implementing strategies to reduce or eliminate risks</p> Signup and view all the answers

    What is one tool used in risk analysis?

    <p>Probability and impact matrices</p> Signup and view all the answers

    What is the primary goal of project scope management?

    <p>To ensure the project meets the customer's needs and expectations</p> Signup and view all the answers

    What is the purpose of the Work Breakdown Structure (WBS) in project scope management?

    <p>To decompose the project into smaller, manageable tasks</p> Signup and view all the answers

    What is the first step in the scope change control process?

    <p>Change Request</p> Signup and view all the answers

    What is risk mitigation?

    <p>Reducing the risk through preventive measures</p> Signup and view all the answers

    What is opportunity exploitation in positive risk mitigation?

    <p>Taking advantage of the opportunity to enhance project outcomes</p> Signup and view all the answers

    What is the purpose of customer approval and reviews in project scope management?

    <p>To ensure that the customer approves the project's scope, SOW, and WBS</p> Signup and view all the answers

    More Like This

    Software Project Risk Management Quiz
    3 questions

    Software Project Risk Management Quiz

    CelebratoryAlexandrite avatar
    CelebratoryAlexandrite
    Continuous Project Risk Management
    25 questions

    Continuous Project Risk Management

    RapturousPenguin avatar
    RapturousPenguin
    Risk Management in Project Management
    12 questions

    Risk Prioritization Quiz and Flashcards for Risk Management

    HealthfulPopArt avatar
    HealthfulPopArt
    Project Risk Management
    18 questions

    Project Risk Management

    CheeryNebula avatar
    CheeryNebula
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser