Project Risk Management

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Questions and Answers

What are some examples of project-specific risks?

  • Changes in leadership
  • Reliability of systems
  • Financial difficulties unique to the organization
  • New technologies (correct)

What is a known unknown risk?

  • A risk that is not mentioned in the text
  • A risk that you can clearly identify
  • A risk that you never expected to happen
  • A risk that you think could happen, but have no real idea as to what the impact might be (correct)

Why is it important to have a viable risk management process in place?

  • To eliminate all project risks
  • To identify and manage project risks (correct)
  • To guarantee project success
  • To avoid project risks altogether

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