Q7

An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objectives is termed

The chances of a risk event occurring as a project proceeds through its life cycle tends to

The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented

Which of the following is not one of the steps in the risk management process?

The initial step in the risk management process is to

One common mistake made early in the risk identification process is to

In the beginning the focus of risk management should be on risks that

A list of questions that address traditional areas of uncertainty on a project is termed a risk

The easiest and most commonly used technique for analyzing risks is _____ analysis

The risk management tool that is divided into three color-coded zones representing major, moderate, and minor risks is the risk

The two scales of a risk severity matrix measure

Which of the following is not one of the probability analysis tools?

This risk assessment tool is a variation of the risk severity matrix that includes the ease of detection for each of the identified risks.

Which of the following is not included in a Failure Mode and Effects Analysis?

Which of the following is used to review activity and project risk?

Which of the following is not one of the potential responses to a specific risk event?

A Risk Response Matrix contains all of the following except

The demolition of the Seattle Kingdome (Snapshot from Practice) is an example of which of the following?

Funds that are for identified risks that have a low probability of occurring and that decrease as the project progresses are called ______ reserves.

Change management systems are designed to accomplish all of the following except: