18 Questions
What is the initial step in the Project Risk Management process?
Identify Risks
What is the purpose of Perform Quantitative Risk Analysis?
To calculate the probability and impact of risks
What comes after Perform Qualitative Risk Analysis in the PRM process?
Perform Quantitative Risk Analysis
What is the last step in the PRM process?
Monitor Risks
What does PRM stand for?
Project Risk Management
What is the purpose of Identify Risks?
To identify potential risks
What comes before Plan Risk Responses in the PRM process?
Perform Quantitative Risk Analysis
What is the purpose of Plan Risk Management?
To define how to approach risk management
What is the purpose of Case Studies?
To illustrate or demonstrate PRM concepts
What is the annual payment for the Iron Mine?
200 M€
What is the probability of Scenario 1 in the Coal Mine case?
33.33%
What is the income of the Coal Mine under Strong Demand?
200 M€
What is the purpose of Monitor Risks in the PRM process?
To track and review risks
What is the probability of Scenario 3 in the Coal Mine case?
15%
What is the income of the Iron Mine under Weak Demand?
100 M€
What is the purpose of Perform Qualitative Risk Analysis?
To analyze risks qualitatively
What is the annual payment for the Coal Mine?
170 M€
What is the income of the Iron Mine under Medium Demand?
230 M€
This quiz covers the principles and steps of Project Risk Management (PRM) including risk identification, analysis, and response. It also includes case studies and software overviews.
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