Quiz..5 questions...only expert Risk Managment needed

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Question 1. 1. (TCO A) A stakeholder analysis in risk management (Points : 5)

identifies project stakeholders. obtains stakeholder tolerance for a given project. determines how best to manage a given stakeholder in a project. determines how often to meet with a given stakeholder.

Question 2. 2. (TCO A) You are the project manager of a new, innovative project. One overarching principle you adhere to is (Points : 5)

one size does not fit all in risk management. one size fits all in project management. one should always employ the entire risk management process for all projects. the size of the project is not important in risk management.

Question 3. 3. (TCO B) A watch list is a (Points : 5)

list of low-impact, low-probability risks. list of high-impact, high-probability risks. list of low-impact, high-probability risks. list of high-impact, low-probability risks.

Question 4. 4. (TCO D) You are the project manager on a large IT project. You need to make a positive risk happen to ensure the project’s success. However, you do not have the ability to do this in-house. Which response strategy would be most appropriate for this situation? (Points : 5)

Avoidance Sharing Transference Enhancement

Question 5. 5. (TCO E) A common tool for use in risk monitoring and control is (Points : 5)

scope compression. activity on the node. quality control. earned value measurement

Question 6. 6. (TCO H) When using the ATOM process to manage risks, why is it important to engage stakeholders in qualifying and analyzing risks? (Points : 5)

To ensure each stakeholder understands the scope statement To ensure each stakeholder has an input into risk identification To ensure secondary risks are enhanced To gather their input as to a risk’s impact and probability to a project