1 Foundations of Project Risk Management Online Quiz Questions

A project risk can have a positive effect on project objectives as well as a negative one.

A supplier has already failed to deliver a required component, and the project team is responding to the delay. How should the team classify the event that has already occurred?

A project risk may fit more than one risk category, so categories should be used as prompts rather than substitutes for a clear risk description.

A project team is assessing the possibility that severe weather will disrupt deliveries. Which risk category best fits this uncertainty?

Which statement most clearly describes a project risk in terms of cause, uncertain event, and effect?

What term describes how much uncertainty decision-makers are willing to accept for a project?

A project has several major, interconnected risks. What is a potential benefit of using quantitative analysis, such as scenario or schedule analysis?

Select all valid response strategies for a project opportunity.

Select all strategies the team may use to respond to a project threat.

Monitoring a project can reveal new risks, change existing assessments, or show that a planned response needs revision.

A project team chooses a response to a threat. Why should the team check whether the response creates a secondary risk?

A specialist supplier has not confirmed capacity, creating a risk of delayed delivery and postponed system testing. Propose a concrete response that names an owner, an action, a trigger or decision point, and a contingency. Explain how the team should handle the situation if the delay actually occurs.

A team is about to identify project risks but has not agreed what outcomes, deliverables, or success measures the project must achieve. What should it clarify first?

In this risk statement, “A supplier’s unconfirmed test capacity may delay the test environment, postponing launch approval,” which component is “postponing launch approval”? Enter the risk-statement component.

A team is tracking a risk that a test environment may be delayed. It watches for the supplier missing a capacity-confirmation deadline as an early warning sign. Which risk-register field should record that warning sign?

A team decides not to avoid, reduce, or transfer a threat, but prepares a contingency plan in case it occurs. Which threat response strategy has the team chosen? Enter the strategy.

A team identifies uncertainty about whether a new project deliverable will meet privacy regulations. Which risk category is the most directly relevant?

After planned responses have been put in place, a project manager wants to record the exposure that still remains. Which risk-register field should they use?