Funds that are for identified risks that have a low probability of occurring and that decrease as the project progresses are called ______ reserves.
  • Risk management
  • FMEA analysis
  • Mitigating
  • Budget
This risk assessment tool is a variation of the risk severity matrix that includes the ease of detection for each of the identified risks.
  • Risk management
  • FMEA analysis
  • Risk profile
  • Risk severity matrix
Change management systems are designed to accomplish all of the following except:
  • All of these are included
  • Slowly drop
  • Risk
  • All of the above are correct
The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented
  • Risk tracking
  • Risk severity matrix
  • Risk management
  • Mitigating
Which of the following is not one of the steps in the risk management process?
  • Risk tracking
  • All of these are included
  • Ratio/range analysis
  • Ignoring
The two scales of a risk severity matrix measure
  • Risk severity matrix
  • Ratio/range analysis
  • Likelihood, impact
  • Identify the risks
In the beginning the focus of risk management should be on risks that
  • Ratio/range analysis
  • Impact the whole project
  • All of these are included
  • All of these are included in the matrix
Which of the following is not included in a Failure Mode and Effects Analysis?
  • Risk tracking
  • Ratio/range analysis
  • All of these are included in the matrix
  • All of these are included
The risk management tool that is divided into three color-coded zones representing major, moderate, and minor risks is the risk
  • Risk profile
  • FMEA analysis
  • Risk severity matrix
  • Risk management
One common mistake made early in the risk identification process is to
  • Focus on objectives and not on the events that could produce consequences.
  • All of these are included
  • Impact the whole project
  • All of these are included in the matrix
Which of the following is not one of the probability analysis tools?
  • Ratio/range analysis
  • Ignoring
  • All of these are included
  • Risk tracking
The easiest and most commonly used technique for analyzing risks is _____ analysis
  • Ignoring
  • Mitigating
  • Scenario
  • Risk tracking
Which of the following is not one of the potential responses to a specific risk event?
  • PERT
  • Risk tracking
  • Ignoring
  • Ratio/range analysis
A Risk Response Matrix contains all of the following except
  • Impact the whole project
  • All of these are included in the matrix
  • All of these are included
  • Identify the risks
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