DAY 3 RECAP

1. It is the process of keeping track of the identified risks, monitoring residual risks and identifying new risks, ensuring the execution of risk plans, and evaluating their

effectiveness in reducing risk.

• a. Risk monitoring control

• b. Risk register

• c. Re-entry action plan

• d. Risk management plan

2. Methodology defines the lead, support, and risk management team membership for each type of action in the risk management plan.

• True

• False

3. Reporting formats define how the results of the risk management processes will be documented, analyzed, and communicated to the project team, internal and external stakeholders, sponsors, and others.

• True

• False

4. Technical performance measurement compares technical accomplishments during

project execution to the project plan's schedule of technical achievement. 

• True

• False

5. Which of the following outputs from risk monitoring and control is a repository that provides for collection, maintenance, and analysis of data gathered and used in the risk

management processes?

• a. Workaround plans

• b. Corrective action

• c. Project change request

• d. Risk database

6. Methodology defines the approaches, tools, and data sources that may be used to perform risk management on this project.

• True

• False

7. Risk Management aims to identify what you want to achieve in your re-entry into your office/workplace that would entail the application of new/enhanced learning gained from the training.

• True

• False

8. Which of the following is NOT considered an input in Risk Monitoring and Control?

• a. Risk database

• b. Risk management plan

• c. Scope changes

• d. Risk response plan

9. Corrective action is an example of an output in Risk Monitoring and Control.

• True

• False

10. Timing defines how often the risk management process will be performed throughout the project life cycle.

• True

• False