Midterm Exam: Risk Management: PMGT 530-51- B-2021/Spring - Pro... https://harrisburgu.instructure.
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Midterm Exam: Risk Management
Due Mar 17 at 11:59pm Points 15 Questions 15
Available Mar 11 at 12:01am - Mar 17 at 11:59pm 7 days Time Limit None
Instructions
Mid-Term Exam on Risk Management
Attempt History
Attempt Time Score
LATEST Attempt 1 7 minutes 15 out of 15
Correct answers will be available on Mar 17 at 11:59pm.
Score for this quiz: 15 out of 15
Submitted Mar 17 at 8:32pm
This attempt took 7 minutes.
Question 1 1 / 1 pts
Ideally, you should develop a risk management plan for a specific
project because –
The scale of a particular project – the size and complexity – require it
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Question 2 1 / 1 pts
Risks should be managed –
As a routine part of recurring project team meetings
Question 3 1 / 1 pts
What best describes a risk?
An issue that has not occurred yet
Question 4 1 / 1 pts
What is an example of a qualitative risk analysis criterion?
2 of 8 3/17/2021, 8:33 PM
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Probability that the risk will occur
Question 5 1 / 1 pts
What is an example of a quantitative risk analysis technique?
Number of days the project would be delayed if the risk occurred
Question 6 1 / 1 pts
What is most helpful in enforcing the process the project team and
stakeholders follow to manage risks?
Commitment from the sponsor
3 of 8 3/17/2021, 8:33 PM
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Question 7 1 / 1 pts
What is the best way to respond to a risk?
Mitigate it
Question 8 1 / 1 pts
What should NOT be a part of a risk management plan?
List of Deliverables
Question 9 1 / 1 pts
What should you do after identifying mitigation measures for risks?
4 of 8 3/17/2021, 8:33 PM
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Re-plan the project by updating the risk management inputs
Question 10 1 / 1 pts
What would help identify the root causes of seemingly unrelated risks?
Categorizing groups of risks by subjects like technical, resource, etc.
Question 11 1 / 1 pts
5 of 8 3/17/2021, 8:33 PM
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When is a contingency plan most useful in a project?
When the risk is so intolerable to the stakeholders it cannot be allowed
to happen unchecked
Question 12 1 / 1 pts
Which of the following are a likely a source of risks?
All of the above
Question 13 1 / 1 pts
Which of the following criteria are recommended for prioritizing risks?
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Impact, probability
Question 14 1 / 1 pts
Which one of the following is a risk?
End users may not be available for testing
Question 15 1 / 1 pts
7 of 8 3/17/2021, 8:33 PM
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Who is responsible for the risk management process in most projects?
Project manager
Quiz Score: 15 out of 15
8 of 8 3/17/2021, 8:33 PM
