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

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

PROJECT RISK MANAGEMENT QUIZ

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