10 Questions
Risk wording can sometimes sound more like an issue, so it is not necessary to make a distinction between the two.
False
If a project manager is aware that the team is inexperienced, then the project estimates should be adjusted to reflect that lack of experience.
True
An issue is something known and hence not uncertain, so should not be confused with a risk.
True
If there is an impending flu season ahead, no adjustments should be made to the project estimates.
False
A risk may be worded as 'inexperienced team' or 'flu season'
True
What is the importance of distinguishing risks from issues when managing risks?
Risks and issues have different levels of uncertainty and should be treated differently.
Why should a risk like 'inexperienced team' be considered more of an issue?
Because it is already known and lacks uncertainty.
What should a project manager do if aware of the team's inexperience?
Adjust the project estimates to reflect the lack of experience.
Why should an impending flu season be considered more of an issue?
Because it is already known and lacks uncertainty.
What is the key difference between an issue and a risk in project management?
An issue is something known and lacks uncertainty, while a risk involves an element of uncertainty.
Test your understanding of risk management with this quiz. Learn to distinguish between risks and issues, and explore the importance of examining project assumptions and constraints. Enhance your knowledge of risk wording and best practices for effective risk management.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
