Podcast
Questions and Answers
What are the objectives of Project Risk Management?
What are the objectives of Project Risk Management?
- Only focus on decreasing the probability and impact of negative events
- Decrease the probability and impact of positive events, increase the probability and impact of negative events
- Only focus on increasing the probability and impact of positive events
- Increase the probability and impact of positive events, decrease the probability and impact of negative events (correct)
Which of the following is a step in Project Risk Management according to PMBOK® Guide?
Which of the following is a step in Project Risk Management according to PMBOK® Guide?
- Ignore Risks
- Perform Qualitative Risk Analysis (correct)
- Avoid Risks
- Accept Risks without analysis
What is the role of Project Risk Management in Project Management?
What is the role of Project Risk Management in Project Management?
- Optional activity that can be disregarded
- Only necessary for large projects
- Not relevant to project management
- Essential to successful project management (correct)
What does the Practice Standard for Project Risk Management aim to provide?
What does the Practice Standard for Project Risk Management aim to provide?
What is a project risk according to the text?
What is a project risk according to the text?
Project Risk Management is an optional activity in successful project management
Project Risk Management is an optional activity in successful project management
The Practice Standard for Project Risk Management aims to provide a standard that is globally applicable and consistently applied
The Practice Standard for Project Risk Management aims to provide a standard that is globally applicable and consistently applied
Perform Quantitative Risk Analysis is one of the steps in Project Risk Management according to PMBOK® Guide
Perform Quantitative Risk Analysis is one of the steps in Project Risk Management according to PMBOK® Guide
The objectives of Project Risk Management include increasing the probability and impact of positive events
The objectives of Project Risk Management include increasing the probability and impact of positive events
Project Risk Management should be applied to all projects
Project Risk Management should be applied to all projects
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