An uncertain event or condition that, if it occurs, has a positive or negative
effect on project objectives is termed a
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Allie Lin
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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An uncertain event or condition that, if it occurs, has a positive or negative
effect on project objectives is termed a
Random chance.
Disaster.
Risk.
Hazard.
Bad luck.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The chances of a risk event occurring as a project proceeds through its life cycle tend to
Slowly rise.
Drop sharply and then level out.
Rise sharply and then level out.
Remain about the same.
Slowly drop.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost impact of a risk event occurring as a project proceeds through its life cycle tends to
Slowly rise.
Drop sharply and then level out.
Rise sharply and then level out.
Remain about the same.
Slowly drop.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented is known as
Risk forecasting.
Risk management.
Contingency planning.
Scenario analysis.
Disaster protection.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOTone of the steps in the risk management process?
Risk response development
Risk assessment
Risk identification
Risk tracking
Risk response control
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The initial step in the risk management process is to
Determine the level of acceptable risk.
Assess the risk potential.
Identify the risks.
Set aside budget funds for managing the risks.
Appoint a risk manager.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One common mistake made early in the risk identification process is to
Not consider all possibilities
Encourage participants be over optimistic
Support participants being over pessimistic
Focus on consequences and not on the events that could produce consequences
Give too much attention to past events
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