ENR3001 - WEEK 6 EXAM
LATEST UPDATE
The main aim of a project risk management process should be to: - Answer identify
project risks and then manage them appropriately.
Quote: "Anyone who runs a project without risk management is engaging in risky
management". Which of the risks below should be rated as "very high", if your analysis
has shown such a risk?" - Answer Project result not useable
Risks in a project are possible unplanned events or situations with negative
repercussions. Systematic risk management is
therefore... - Answer an essential precondition for achieving the project goals
Project risk management is best described as: - Answer minimising threats and
maximising opportunities
The main outcome of risk identification, in a risk management process, is to: - Answer
identify and describe all risks that might occur on the project
An effective risk management plan will need to address which of the following issues? -
Answer all of the above
Risk projection attempts to rate each risk in two ways - Answer likelihood and impact
Which risks are associated with constraints imposed by management or the
marketplace? - Answer Business impact risks
Which of the following is not a business risk? - Answer lack of documented requirements
or project scope
What is the product of the probability of incurring a loss due to the risk and the potential
magnitude of that loss? - Answer Risk exposure
Which one is not a risk management activity? - Answer Risk generation
Which of the following strategies means that the impact of the risk will be reduced? -
Answer Minimization strategies
Which of the following risks are derived from the software or hardware technologies
that are used to develop the system? - Answer Technology risks
What all has to be identified as per risk identification? - Answer All of the mentioned
Threats, Vulnerabilities, Consequences
LATEST UPDATE
The main aim of a project risk management process should be to: - Answer identify
project risks and then manage them appropriately.
Quote: "Anyone who runs a project without risk management is engaging in risky
management". Which of the risks below should be rated as "very high", if your analysis
has shown such a risk?" - Answer Project result not useable
Risks in a project are possible unplanned events or situations with negative
repercussions. Systematic risk management is
therefore... - Answer an essential precondition for achieving the project goals
Project risk management is best described as: - Answer minimising threats and
maximising opportunities
The main outcome of risk identification, in a risk management process, is to: - Answer
identify and describe all risks that might occur on the project
An effective risk management plan will need to address which of the following issues? -
Answer all of the above
Risk projection attempts to rate each risk in two ways - Answer likelihood and impact
Which risks are associated with constraints imposed by management or the
marketplace? - Answer Business impact risks
Which of the following is not a business risk? - Answer lack of documented requirements
or project scope
What is the product of the probability of incurring a loss due to the risk and the potential
magnitude of that loss? - Answer Risk exposure
Which one is not a risk management activity? - Answer Risk generation
Which of the following strategies means that the impact of the risk will be reduced? -
Answer Minimization strategies
Which of the following risks are derived from the software or hardware technologies
that are used to develop the system? - Answer Technology risks
What all has to be identified as per risk identification? - Answer All of the mentioned
Threats, Vulnerabilities, Consequences
