Project Planning: Putting It All TogetherWeek 4 Quiz AnswerWeekly Challenge 4Question 1) Fill in the blank: The process of identifying and evaluating potential risks and issues that could impact a project is known as _____.
Question 2) When should project managers engage in risk management?
Question 3) As a project manager you are practicing risk management. You have already defined potential risks, determined their likelihood, and prioritized them. Now, you’re making a plan to address and manage each risk. This represents which risk management step?
Question 4) Which of the following are steps involved in creating a fishbone (or cause-and-effect) diagram? Select all that apply.
Question 5) Which of the following is a tool used to assess and prioritize project risks?
Question 6) Which of the following risk types most commonly impact projects? Select all that apply.
Question 7) What does a risk management plan typically contain? Select all that apply.
Question 8) Why should project managers communicate risks clearly to key stakeholders? Select all that apply.
Question 9) As a project manager, you’re identifying task dependencies. Task B cannot start until Task A has started. Which type of dependency does this situation represent?
Question 10) Which steps should be taken when updating a risk management plan? Select all that apply.
Failing to engage in risk management for your project can have which two of the following consequences?
When working through the risk management life cycle, what’s the main goal when evaluating a risk?
Which of the following tools can project managers use to brainstorm the potential causes of risks?
Fill in the blank: Once an organization has explored the inherent risks of a project, its willingness to accept the possible outcomes of those risks is known as _____.
Imagine that your company is considering using a vendor. The vendor makes quality products, but you have learned they have a reputation for shipping delays. Ultimately, you decide to use a different vendor. Which risk mitigation strategy did you use?
Which of the following is the best way to communicate a high-level risk to stakeholders?
As a project manager, you’re identifying task dependencies. Task B cannot start until Task A is complete. Which type of dependency does this situation represent?
Which of the following best describes the executive summary in the risk management plan?
Fill in the blank: A(n) _____ is a known and real problem that can affect a team’s ability to complete a task.
Choose the best definition for inherent risk as it relates to project management.
What are the most common types of risk that can impact projects?
Fill in the blank: The four common ways to mitigate risk include _____.
As a project manager, you’re identifying task dependencies. Task B cannot finish until Task A is complete—the tasks operate at the same time. Which type of dependency does this situation represent?
Which of the following best describes the risk register in the risk management plan?
Which of the following are examples of external risk? Select all that apply.
Identify the steps involved in creating and utilizing a fishbone (or cause-and-effect) diagram.
The risk management process can provide project managers a better understanding of what information? Select all that apply.
Fill in the blank: A potential event that can impact your project if it occurs is called a(n) _____. Which of the following is a recommended method to communicate a medium-level risk to stakeholders?
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