"Risk management

What is the first step in the risk management process?

• Risk mitigation

• Risk response

• Risk identification

• Risk monitoring

Which method uses random sampling to predict outcomes?

• Root cause analysis

• Monte Carlo simulation.

• Delphi technique

• Force field analysis

Who is primarily responsible for risk management in a project?

• Team leader

• Risk analyst

• Sponsor

• Project manager

What’s the difference between a risk and an issue?

What is a “risk owner”?

• Auditor

• A person assigned to manage a specific risk

• The project sponsor

• A person who created the risk

Which tool prioritizes risks based on probability and impact?

• SWOT

• PESTLE

• Risk register

• Probability-impact matrix

What is meant by risk appetite?

• How much money the risk costs

• The amount of risk an organization is willing to accept

• The desire to avoid all risk

• How hungry the team is for success

........... is a measure of the level of uncertainty or impact the organization is willing to operate within

• Risk Tolerance

• Risk Threshold

• Risk Appetite

• Risk Mitigation