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Questions and Answers
What does project risk management involve?
What does project risk management involve?
- Identifying, analyzing, and responding to risk factors (correct)
- Mitigating only high-impact risks
- Avoiding all potential risks
- Ignoring potential risks until they materialize
Which PMBoK process involves determining what can be done to minimize the probability or impact of risks?
Which PMBoK process involves determining what can be done to minimize the probability or impact of risks?
- Perform Quantitative Risk Analysis (PMBoK 11.4)
- Plan Risk Responses (PMBoK 11.5) (correct)
- Plan Risk Management (PMBoK 11.1)
- Control Risks (PMBoK 11.6)
What is a key question to consider in risk management according to the text?
What is a key question to consider in risk management according to the text?
- What cues will signal the need for action? (correct)
- Who is responsible for all risks?
- How many risks can be ignored?
- When should risks be hidden from stakeholders?
What is the Project Risk Analysis and Management (PRAM) process designed for?
What is the Project Risk Analysis and Management (PRAM) process designed for?
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Which PMBoK process involves recognizing four key stages in project risk management?
Which PMBoK process involves recognizing four key stages in project risk management?
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What does the Project Risk Analysis and Management (PRAM) process involve?
What does the Project Risk Analysis and Management (PRAM) process involve?
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In which PMBoK process is the Plan Risk Management covered?
In which PMBoK process is the Plan Risk Management covered?
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What is the primary focus of Perform Quantitative Risk Analysis (PMBoK 11.4)?
What is the primary focus of Perform Quantitative Risk Analysis (PMBoK 11.4)?
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What are the key stages in project risk management according to PMBoK?
What are the key stages in project risk management according to PMBoK?
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What is the essence of risk management as described in the text?
What is the essence of risk management as described in the text?
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