MGMT 404 Week 7 Quiz Devry

1. Question: Theriskregisterisalivingdocumentandnewriskscanbeaddedastheyarediscovered. 2. Question: Onceriskshavebeenidentifiedandanalyzed,theprojectteamdecideshowtheywillhandleeachrisk. 3. Question: WhichofthefollowingdescribestheactivitiesappropriatelyperformedbytheprojectteamduringPerformQualitativeRiskAnalysis? 4. Question: PlanRiskResponsesistheprocessofdevelopingoptionstoenhanceopportunitiesandreduce threatsforeveryriskthat hasbeen identified. 5. Question: AllofthefollowingareamongtheclassicriskresponsestrategiesEXCEPT: 6. Question: AllofthefollowingactivitiesillustrateariskresponsestrategydesignedtoexploitanopportunityEXCEPT: 7. Question: ConsidertheexcerptoftheInternetProjectriskregisterpresentedinFigure10-1.Which of the following risk events should receive the highest priority for thedevelopmentofriskresponses? 8. Question: Thepurposeofriskmanagementistoeliminateallprojectrisk. 9. Question: Aprojectriskisanythingthatmayimpacttheprojectteam'sability toachievethegeneralprojectsuccessmeasuresandthespecificprojectstakeholders'priorities. 10. Question: Whentheimpactofaneventis negative,itisconsideredarisk;whentheimpactispositive,theeventisconsideredanopportunity. 11. Question: Theprocessofdefininghowtoconductriskmanagementactivitiesforaprojectisknown asProjectRiskAbsorption Methodology(PRAM).