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Risk Management Quiz

Yes or No

Played 10 %Accuracy 90 Average time 00:52

About this activity

A brief true/false risk management challenge.

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United States

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Risk Management Quiz
 

Risk Management QuizOnline version

A brief true/false risk management challenge.

by Valerie Bentley
1

Residual risk is the level of risk that remains after controls are applied.

2

All risks can be completely eliminated with enough controls.

3

A risk matrix helps rank risks by their likelihood and potential impact.

4

Only senior managers can identify risks.

5

Risk management supports better decision-making and project success.

6

A risk owner is assigned to monitor a specific risk and ensure follow-up actions.

7

After risk controls are planned, monitoring is no longer needed.

8

A risk matrix measures likelihood and impact but cannot help prioritize actions.

9

Risk appetite and risk tolerance mean the same thing.

10

The risk management process includes identifying risks, assessing their likelihood and impact, prioritizing them, and planning responses.

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