10 Questions
What are the objectives of Project Risk Management?
Increase the probability and impact of positive events, decrease the probability and impact of negative events
Which of the following is a step in Project Risk Management according to PMBOK® Guide?
Perform Qualitative Risk Analysis
What is the role of Project Risk Management in Project Management?
Essential to successful project management
What does the Practice Standard for Project Risk Management aim to provide?
A standard for project management practitioners and other stakeholders defining good practice for most projects most of the time
What is a project risk according to the text?
An uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.
Project Risk Management is an optional activity in successful project management
False
The Practice Standard for Project Risk Management aims to provide a standard that is globally applicable and consistently applied
True
Perform Quantitative Risk Analysis is one of the steps in Project Risk Management according to PMBOK® Guide
True
The objectives of Project Risk Management include increasing the probability and impact of positive events
True
Project Risk Management should be applied to all projects
True
Test your knowledge of the purpose and principles of the practice standard for project risk management as defined in CVEN 464 Risk and Safety Management. Learn about globally applicable standards for project management practitioners and stakeholders.
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