Project Risk Management Quiz
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Questions and Answers

What happens to the occurrences of risk and opportunity throughout the project life cycle?

  • The occurrences of risk and opportunity do not vary
  • The occurrences of risk and opportunity both decrease
  • The occurrences of risk and opportunity both increase (correct)
  • The occurrences of risk and opportunity vary inversely
  • How do risk and opportunity occurrences generally change over the project life cycle?

  • They both increase (correct)
  • They both decrease
  • They vary inversely
  • They remain constant
  • What is the trend for risk and opportunity occurrences as the project progresses?

  • Both risk and opportunity occurrences increase (correct)
  • Risk occurrences decrease, opportunity occurrences increase
  • Risk occurrences increase, opportunity occurrences decrease
  • Both risk and opportunity occurrences decrease
  • Study Notes

    Risk and Opportunity Throughout the Project Life Cycle

    • Risk and opportunity occurrences change throughout the project life cycle.
    • At the beginning of the project, risks are highest and opportunities are lowest due to uncertainty and unknowns.
    • As the project progresses, risks tend to decrease and opportunities tend to increase as more information becomes available.
    • During the middle phase of the project, risks and opportunities tend to be more balanced as the project plan is more established.
    • Towards the end of the project, risks decrease and opportunities increase as the project nears completion and more is known about the outcome.
    • The trend for risk and opportunity occurrences throughout the project life cycle is an inverse relationship, where risks decrease and opportunities increase as the project progresses.

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    Description

    Test your knowledge of project risk management with this quiz. Choose the correct statement about the occurrences of risk and opportunity throughout the project life cycle. This quiz will assess your understanding of how risk and opportunity change over the course of a project.

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