Question: C . Risk D . Hazard E . Bad luck 1 7 . The attempt to recognize and manage potential and unforeseen trouble spots that

C. Risk
D. Hazard
E. Bad luck
17. The attempt to recognize and manage potential and unforeseen trouble spots that may
occur when a project is implemented is known as
A. Risk forecasting
B. Risk management
C. Contingency planning
D. Scenario analysis
E. Disaster protection
18. Which of the following would not be considered a threat?
A. Inflation
B. Meeting the project schedule
C. International disruptions
D. Economic conditions
E. Competition
19. The two scales of a risk severity matrix measure
A. Time, cost
B. Cost, schedule
C. Impact, cost
D. Time, impact
E. Likelihood, impact
20. Which of the following is identified to cover major unforeseen risks and, hence, are
applied to the total project?
A. Budget reserves
B. Management reserves
C. Time buffers
D. Both B and C are correct
E. A, B, and C are all correct

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