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PROJECT RISK MANAGEMENT QUIZ

What is the aim of a risk management process?
Identify risks
Evaluate risks
Mitigate risks
All of the above
Who decides the probability of risks in a project?
Project manager
Project organiser
Project developer
None
Which among these is not a common risk factor in a project?
Failure to gain user commitment
Lack of adequate user involvement
Failure to manage end user expectations
Failure to manage end user expectations
Which among these is a way to avoid dependency while identifying a risk ?
Intergroup dependencies that occur when work is not split across functions
The unavailability of people to perform task functions at the needed time
Customer relationships and the reliability of delivery according to schedule
Intercomponent dependencies within software
What can be used in order to describe potential risks in a project?
Project plan
Hierarchical breakdown structure
Project initiation document
A chart
What helps in prioritisation of risks in a project ?
Risk identification
Risk analysis
Risk mitigation
Risk audit
How is the priority of risk involved in project is assigned ?
Based on the time taken
Based on the degree of threat it poses
Based on prediction
Based on risk identification
What type of mitigation plans is used to deal with risks after its occurrence?
Contingency plans
Risk avoidance plans
Prevention plans
None
What type of mitigation plan can be easily modified in Risk management plan ?
Risk avoidance plan
Risk acceptance plan
Contingency plans
None
Which among these is not a commonly used tool for risk monitoring?
Reassessment of risks
Reverse analysis
Trend and variance analysis
Scenario analysis
What do we acquire by anticipating hidden risks in a project ?
Increased level of awareness of risks
Hidden ideas
Risk acceptance plan
Risk management plan
What is essential step in creating a contingency plan ?
To check whether it is preventable plan
Allocate a specified fund for the plan
Time required for the plan
None
Which is the perfect way to analyse risks in a project ?
SWOT analysis
Scenario analysis
Qualitative anlysis
None
What type of risk monitoring process helps in documentation of risks?
Reverse analysis
Project tracking system
Mitigation process
Reassessment of risks
What type of monitoring process compares contingency reserves to the amount of risk at a given point of time ?
Reverse analysis
Project tracking system
Risk audits
Reassessment of risks
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