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

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 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

TCO B) Explain the method of the semi-quantitative risk assessment process.