Question 1
What is the purpose of a risk register in risk management?
To list project team members
To track project budget
To record and monitor identified risks
To define project scope
Question 2
Which of the following is not a component of risk management?
Risk identification
Risk analysis
Risk celebration
Risk mitigation
Question 3
Question 4
What is the purpose of risk identification?
To celebrate project achievements
To analyze project schedule
To identify potential risks that may affect the project
To define project goals
Question 5
What does the acronym "SWOT" stand for in the context of risk analysis?
Software Workflow and Optimization Techniques
Strengths, Weaknesses, Opportunities, Threats
Software Workbench for Optimization and Testing
Systematic Workflow and Organizational Techniques
Question 6
How does a risk management plan contribute to project success?
By eliminating all project risks
By mitigating all identified risks
By providing a structured approach to identify, assess, and manage risks
By avoiding risks entirely
Question 7
What is the role of a risk response owner in risk management?
To identify risks
To analyze risks
To take responsibility for implementing a specific risk response
To celebrate successful risk mitigation
Question 8
What is the purpose of a risk matrix in risk analysis?
To list project tasks
To visualize the project schedule
To assess and prioritize risks based on their probability and impact
To track project costs
Question 9
What is the difference between known risks and unknown risks in risk management?
Known risks are certain, while unknown risks are uncertain
Known risks are predictable, while unknown risks are not
Known risks are positive, while unknown risks are negative
Known risks are external, while unknown risks are internal
Question 10
What is the difference between positive risk and negative risk in risk management?
Positive risks have a negative impact, while negative risks have a positive impact
Positive risks are certain, while negative risks are uncertain
Positive risks are opportunities, while negative risks are threats
Positive risks are external, while negative risks are internal
There are 20 questions to complete.