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Project Risk Management Quiz

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Project Risk Management Quiz

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Key risk mgmt elements

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Oscar Roldan
Oscar Roldan
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Project Risk Management Quiz
 

Project Risk Management QuizOnline version

Key risk mgmt elements

by Oscar Roldan
1

Which process defines how risk management will be performed on the project?

2

What document is the primary source for recording risks and responses?

3

Which technique prioritizes risks based on probability and impact?

4

Which technique uses numerical data to estimate risk exposure?

5

Which risk response strategy involves removing the risk source?

6

Which risk response strategy shifts impact or probability to a third party?

7

Who is typically assigned ownership for a risk?

8

What is a common trigger for initiating risk responses?

9

Which document helps set tolerance and thresholds for risks?

10

Which phase continuously updates risks throughout the project life cycle?

Explicación

Plan Risk Management sets the approach, roles, and tools for risk activities.

The Risk Register tracks identified risks, owners, and mitigation steps.

Qualitative analysis uses color-coded scales to rank risk severity.

Quantitative analysis calculates expected monetary value and probabilities.

Avoidance eliminates the risk by changing plans or scope.

Transfer uses contracts or insurance to share or shift risk.

A risk owner is accountable for implementing responses.

A risk trigger signals when a risk is likely to occur.

Appetite and thresholds guide decision-making and responses.

Ongoing risk monitoring ensures timely responses and updates.

 
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