Weekly Quiz

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furrxn81

Business Finance

Project Risk Management

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10 multiple choice questions on project risk management, risk assessment, risk identification. questions are attached in a word document with all available options

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According to your text, Project Risk Management (by Heldman), risk categories include all of the following (choose all that apply): a. Internal b. Organizational c. Project management d. External Which of the following is generally not part of overall risk management (choose the best answer)? a. Choosing a project manager b. Establishing a risk reporting format c. Risk scoring and assessment d. Choosing risk owners The two primary components of risk are (choose best answer): a. b. Time and Cost Quality and Time c. Uncertainty and Impact d. Impact and Severity e. Decision-making and Problem-solving In which process group would project uncertainty typically be the greatest (choose the best answer)? a. Closing b. Procurement Management c. Initiation d. e. Stakeholder Management Executing Indicators or early warning sign of a risk are known as (choose the best answer): a. Signals b. Breakers c. Issues d. Triggers The primary output of the Identify Risks process is the Risk Management Plan. True False Identification of risks is a unique, one-time process. True False Which of the following is not a valid reason for managing a risk (choose the best answer)? a. Minimizing the risk likelihood b. Minimizing the risk negative impacts c. Maximizing the probability of favorable consequences d. Provide a late as possible warning system A SWOT analysis can be used to identify project risks. True False The following are ways to gather information as part of the risk identification process EXCEPT (choose all that apply): a. Root cause analysis b. WBS c. Earned Value Management (EVM) d. Delphi technique e. Nominal Group technique
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Running head: WEEKLY QUIZ

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WEEKLY QUIZ
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WEEKLY QUIZ

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According to your text, Project Risk Management (by Heldman), risk categories include all of
the following (choose all that apply):
a. Internal
b. Organizational
c. Project management
d. External

Which of the following is generally not part of overa...


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