Question 1

can be to avoid the risk, mitigate the risk, or accept the risk.

Accepted Answer

A) A risk response plan 
B) A risk assessment 
C) A risk management strategy 
D) A risk impact statement 
A) A risk response plan 
B) A risk assessment 
C) A risk management strategy 
D) A risk impact statement

Question 2

Historical information from past projects is another source that can be helpful in identifying possible risks.

Accepted Answer

A) True 
 B)False

Question 3

contains the steps for how to mitigate the risk if it should occur during the project.

Accepted Answer

A) The action trigger 
B) The response plan 
C) The mitigation plan 
D) The degree of impact 
A) The action trigger 
B) The response plan 
C) The mitigation plan 
D) The degree of impact

Question 4

is a list of the potential outcomes if the risk were to occur.

Accepted Answer

A) The mitigation plan 
B) The priority order 
C) The impact of a risk 
D) The action trigger 
A) The mitigation plan 
B) The priority order 
C) The impact of a risk 
D) The action trigger

Question 5

With knowledge of potential risks, the contractor can include contingency or management reserve amounts in the bid price.

Accepted Answer

A) True 
 B)False

can be to avoid the risk, mitigate the risk, or accept the risk.

Historical information from past projects is another source that can be helpful in identifying possible risks.

contains the steps for how to mitigate the risk if it should occur during the project.

is a list of the potential outcomes if the risk were to occur.

With knowledge of potential risks, the contractor can include contingency or management reserve amounts in the bid price.

Project Management Concepts

Identifying and Selecting Projects

Developing Project Proposals

Defining Scope, Quality, Responsibility, and Activity Sequence

Developing the Schedule

Resource Utilization

Determining Costs, Budget, and Earned Value

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organizational Structures

Filters

Exam 8: Managing Risk

can be to avoid the risk, mitigate the risk, or accept the risk.

Historical information from past projects is another source that can be helpful in identifying possible risks.

contains the steps for how to mitigate the risk if it should occur during the project.

is a list of the potential outcomes if the risk were to occur.

With knowledge of potential risks, the contractor can include contingency or management reserve amounts in the bid price.

Project Management Concepts

Identifying and Selecting Projects

Developing Project Proposals

Defining Scope, Quality, Responsibility, and Activity Sequence

Developing the Schedule

Resource Utilization

Determining Costs, Budget, and Earned Value

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organizational Structures

Filters