Acceptance is a strategy adopted because it is not possible to eliminate all risks from a project. This strategy indicates that the project management team has decided not to change the project management plan to deal with a risk. What action does passive acceptance require?
A)
Passive acceptance is no longer adopted in projects and is not an accepted strategy.
B) Passive acceptance requires no action except to document the strategy and come up with a risk management strategy.
C)
Passive acceptance requires no action.
D)
Passive acceptance requires no action except to document the strategy.
Your answer=,
Correct answer= 
,
Work Sheet:
- The Risk Management plan will usually contain the definitions of risk probability and impact. Which of the following has the highest impact (negative) on a project?
A)
A rating of 1.1 on the impact scale
B)
A rating of 0.8 on the impact scale
C) A rating of 0 on the impact scale
D)
A rating of 0.1 on the impact scale
Your answer=,
Correct answer= ,
Work Sheet:
-
Rick has just been assigned as the project manager of a project to develop a complex product. The project is in the Define Scope phase. Which of these tools / techniques will not be used by Rick in this phase?
A)
Lateral thinking
B)
Process analysis
C)
Pair wise comparisons
D) Value engineering
Your answer=,
Correct answer= ,
Work Sheet:
- A number of identified risks occurred early in a project. As a result, most of the project objectives ended up in jeopardy. The project manager decided to present a case to management that the project be closed down. This is an example of:
A) Risk Acceptance
B) Risk Mitigation
C) Risk Avoidance
D) Risk Transfer
Your answer=,
Correct answer= ,
Work Sheet:
-
You are the project manager of a project and are about to conduct a risk identification exercise in a few days' time. You would like to proactively remind the participants in the exercise of the various sources from which risk may arise in the project. What could you use to help you do this?
A)
A Risk Breakdown Structure (RBS)
B)
A Risk Simulation Structure (RSS)
C) A Risk Register
D) An Impact Matrix
Your answer=,
Correct answer= ,
Work Sheet: