DeVry PROJ 595 Week 2 QUIZ….

 

1.Question :(TCO A) Risk management is

Student Answer: [removed] exposure to the consequences of uncertainty   culture, processes and structures directed towards the management of potential opportunities   [removed] determining if risk is tolerable   [removed] all of the above   [removed] none of the above

 

 

2.Question :(TCO A) The objective of risk management is to

Student Answer: [removed] reduce organizational costs   [removed] increase organizational costs   [removed] transfer organizational costs  [removed] identify and manage significant risks  identify and manage all risks

 

 

3.Question :(TCO B) The qualitative risk analysis step assigns

Student Answer: [removed] each risk a list  [removed] each risk a priority   [removed] each project action a priority  all of the above   [removed] none of the above \

 

4.Question :(TCO C) Risk treatment strategies should include

Student Answer: [removed] risk prevention   [removed] impact mitigation   [removed] risk sharing  all of the above   [removed] none of the above

 

5.Question :(TCO C) Insurance is commonly used as a ___________ strategy.

Student Answer: [removed] well known risk deferment  risk elimination   [removed] cost   [removed] all of the above  [removed] none of the above

  

6.Question :(TCO C) Insurance is a ____ sharing strategy.

Student Answer:well known risk   [removed] little used risk   [removed] cost   [removed] all of the above   [removed] none of the above I 8.Question :(TCO A) Project risk management is a topic of major current interest. Identify at least two organizations that are currently addressing project risk management and explain how they are addressing project management?Question :(TCO B) Explain the purpose of the semi-quantitative risk assessment process.TCO B) Explain the method of the semi-quantitative risk assessment process.