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Free Practice Quiz Question List

7 Monitoring, Controlling, and Communicating Project Risks Online Quiz Questions

Use this free practice quiz with 20 questions to review 7 Monitoring, Controlling, and Communicating Project Risks, test your knowledge, and prepare for your next test or exam.

20 questions
01
True or false
1 point

True or false: Once the agreed actions for a risk response are completed, there is no need to check whether the response reduced the risk.

  1. A

    True

  2. B

    False

02
Choose one
1 point

A project depends on a supplier delivering a critical component. The team tracks overdue quality checks and has agreed to activate a qualified backup supplier if the supplier misses its readiness date. Which event is the trigger for the planned response?

  1. A

    The number of overdue quality checks

  2. B

    The supplier missing the agreed readiness date

  3. C

    The supplier's name in the risk register

  4. D

    The project manager's next routine review

03
Fill in the blank
1 point

When an uncertain risk event has happened, manage it as an with an owner and an action plan.

04
Written response
1 point

A response to one project risk creates a new risk. What term describes the newly created risk?

05
True or false
1 point

True or false: A project risk dashboard that uses color ratings should also explain the reason for each rating and the action required.

  1. A

    True

  2. B

    False

06
Choose all
1 point

Which information belongs in the risk register for each significant risk? Select all that apply.

  1. A

    A clear description of the uncertain event and its potential effect on project objectives

  2. B

    A guaranteed date on which the uncertain event will occur

  3. C

    The risk owner and the indicators or triggers, including their data source and checking frequency

  4. D

    The planned response, action owner, due date, and current status

  5. E

    A list of every stakeholder's personal contact details

07
Choose one
1 point

At a project milestone, the team wants to identify changed exposure and possible new risks. Which review approach best supports that goal?

  1. A

    Review only the current risk rating because other evidence is unrelated

  2. B

    Wait until closeout to examine project assumptions and dependencies

  3. C

    Review relevant evidence such as schedule progress, cost forecasts, quality results, dependencies, and changed assumptions

  4. D

    Use only stakeholder opinions, without checking project information

08
Fill in the blank
1 point

At closeout, if no suitable owner accepts an unresolved risk, through governance rather than leaving it unassigned.

09
Choose all
1 point

After a risk response has been implemented, which details should the team capture as lessons? Select all that apply.

  1. A

    What happened and what caused it

  2. B

    A guarantee that the same risk will never occur again

  3. C

    Which indicators provided useful warning

  4. D

    Whether the response worked and what should change in future planning or practice

  5. E

    Only the final risk rating, without any explanation

10
Choose one
1 point

A project manager is reviewing whether a planned response is working. What should the manager do?

  1. A

    Compare the current risk rating with the rating from project kickoff only

  2. B

    Compare actual progress with the response plan and assess whether remaining exposure is acceptable

  3. C

    Close the risk as soon as the action owner begins work

  4. D

    Wait until the risk occurs before reviewing the response plan

11
Written response
1 point

After a response has been implemented, what phrase describes the risk exposure that remains?

12
Choose one
1 point

A project is tracking regulatory review milestones as indicators. The regulator misses a milestone. Which action best follows the planned risk response approach?

  1. A

    Close the risk because the regulator has missed the milestone

  2. B

    Wait for the next routine report before assessing the delay

  3. C

    Escalate the delay, assess its effect on the critical path, and implement an approved schedule contingency

  4. D

    Change the project forecast without assessing the delay or obtaining approval

13
Open ended
1 point

A project team has begun a planned response, but review evidence shows that the risk is not improving as expected. Explain how the team should assess the response and decide what to do next.

14
Choose one
1 point

A project team finds inconsistent risk information in its meeting notes, forecasts, and decision log. How should it maintain a consistent record?

  1. A

    Treat meeting notes as authoritative and leave the register unchanged

  2. B

    Keep the risk register authoritative and align meeting notes, forecasts, and decision logs with it

  3. C

    Use whichever record was updated most recently, without reconciling the others

  4. D

    Remove the risk from the register whenever it appears in a decision log

15
Choose one
1 point

A project depends on a supplier for a critical component. Which measure would be a useful indicator of a developing supplier risk?

  1. A

    A color rating assigned to a risk without supporting context

  2. B

    A count of overdue quality checks that may signal supplier problems

  3. C

    A response action that has already been completed

  4. D

    A record of a risk that has been formally closed

16
Choose one
1 point

A risk register identifies a possible delay to regulatory approval. The approval is now delayed, so the uncertain event has occurred. What should the project team do?

  1. A

    Keep it classified only as a risk until closeout

  2. B

    Close it because the uncertainty has ended

  3. C

    Manage it as an issue with an owner and action plan, and record any remaining risks it creates

  4. D

    Transfer it automatically to an operational owner

17
Choose one
1 point

A project risk is changing quickly, and new information could affect a near-term decision. How should the team adjust its review approach?

  1. A

    Review it more often because its exposure is changing rapidly

  2. B

    Keep the same review schedule used for every other risk

  3. C

    Review it only at project milestones

  4. D

    Wait until the planned response has been completed

18
True or false
1 point

At closeout, an unresolved risk should not be left unassigned; if no suitable owner accepts it, escalate it through governance.

  1. A

    True

  2. B

    False

19
Written response
1 point

What term describes an observable measure or warning sign used to show whether a project risk is changing?

20
Written response
1 point

What term describes a new risk created by the response to an existing project risk?