Question: 40) In which life cycle phase is the total project risk generally the least? A. Initiation / Approval B. Planning C. Execution D. Closure 41)

40) In which life cycle phase is the total

40) In which life cycle phase is the total project risk generally the least? A. Initiation / Approval B. Planning C. Execution D. Closure 41) Assigning high, medium or low to a potential risk is part of: A. Risk identification B. Quantitative risk assessment C. Qualitative risk assessment D. Risk response 47) Managing risk is normally performed by: A. Developing mitigation plans B. Asking the customer for help C. Asking the sponsor for help D. Asking Anyone for Help 48) Which of the following is not a valid reason for managing a risk? A. Minimizing the risks likelihood B. Minimizing the risks unfavorable consequences C. Maximizing the probability of the risk's favorable consequences D. Providing a late-as-possible warning system

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