Project Controls PC 03 Rev 01

Risk Management is relevant within the triple constraint, but which option describes the triple constraint.

• Scope, Time, Cost & Quality

• Lock, Key, Phase Gate & Monitor

• Scope, Phase, Monitor & Control

• Change, Control, Plan & Quality

What can a project utilise to help Identify, Monitor & Control Risks.

• Software

• Templates

• Excel

• All Options Listed

Which Option is not part of Risk Management Activities?

• Identify Risk

• Evaluate Risk

• Ignore Risk

• Track Risk

Do Individual Risks have ownership assigned

• Yes

• No

How are Risks measured?

• Probability & Time

• Impact & Cost

• Time & Cost

• Probability & Impact

How often should Project Risk Management Meetings take place?

• Weekly

• Fortnightly

• Monthly

• Daily

Which are Enterprise Environmental Factors a project has to adhere to?

• Law

• Legislation

• Corporate Tax

• All Options Listed

What are considered Organisational Process Assets?

• Internal Policies

• Internal Procedures

• Internal Templates

• All Options Listed

Is a Risk Register classed as an Input or an Output within the Identify Risk Process?

• Input

• Output

In Projects are Risks also Considered the same as Issues?

• Yes

• No