1 Risk Identification: Name 6 risks (threats) directly involving the Gordie Howe Bridge construction project and explain...

Fantastic news! We've Found the answer you've been seeking!

Question:

Risk Identification: Name 6 risks (threats) directly involving the Gordie Howe Bridge construction project and explain why you consider them a risk. (1 risk per blank). Be Concise (marks will be lost for being extra wordy).

Question 1 options:

Blank # 1
Blank # 2
Blank # 3
Blank # 4
Blank # 5
Blank # 6

Question 2 (4 points)

Assuming the new Gordie Howe International Bridge was not being built. Name 2 risks involving the existing Ambassador Bridge and/or Windsor Tunnel and potential business impacts. (Each Risk should be on a separate line).

Question 2 options:

Blank # 1
Blank # 2

Question 3 (6 points)

The Gordie Howe Bridge Project team has gathered the leading experts on bridge construction into a meeting room for a 1 day fact finding mission to solicit their feedback on previous bridge construction projects they have completed. Your Project Sponsor has asked you to create 3 Risk-related Questions you ask this group of experts to comment on that will help with the new Gordie Howe construction project. What are the 3 Risk-related questions you propose and why (what info are you trying to obtain)?

(1 question/reason per blank)

Question 3 options:

Blank # 1
Blank # 2
Blank # 3

Question 4 (3 points)

Risk Identification: Name 2 positive risks (ie. Opportunities) directly involving the Gordie Howe Bridge construction project and why do you consider each an Opportunity. (1 Opp per blank).

Question 4 options:

Blank # 1
Blank # 2

Question 5 (4 points)

Question 5 options:

Internal Risk Sub-Category (1-4):

External Risk Sub-Category (1-4):

General Risk Questions

Questions from Week 1 to Week 6 (inclusive)

Question 6 (2 points)

What 3 project management tools/databases should be combined to give the ultimate view of identifying risks?

Question 6 options:

	Gantt Chart/Project Plan, Risk Register, Financial Statements
	Gantt Chart/Project Plan, Company Directory, Risk Steering Committee Status Report
	Gantt Chart/Project Plan, Org Chart, Risk Register
	Risk Register, Inventory of the Lunch Room Refrigerator, Org Chart
	Risk Register, Org Chart, Heat Map

Question 7 (1 point)

Which of the following could be considered Risk Signals/Symptoms:

Question 7 options:

	A. Cracks on a concrete structure indicating possible structural failure.
	B. A coughing child returning from daycare.
	C. Pounding waves on a shoreline ahead of a forecasted storm.
	D. A computer screen that keeps buffering/saving (spinning wheel of death) before continuing an on-line transaction.
	E. All of the above.
	F. A and B only
	G. B and C only

Question 8 (1 point)

The purpose of the Strategic Risk Management Plan is to guide businesses to answer important Risk Management questions. The following are true with regards to SRMP EXCEPT:

Question 8 options:

	Helps businesses define why are we doing this?
	How are we measuring risks? How much is our risk Attitude (capacity, etc,)?
	SRMP is done at the very early part of the program or project and once signed off never updated further.
	When do we report risks? When should we start/end our risk review?
	Who are the Risk Steering Committee members? Who are the Risk Owners?
	What tools do we use? What standards do we use?

Question 9 (1 point)

Risk is NOT Uncertainty. Risk is measurable, Uncertainty cannot be measured.

Question 9 options:

	True
	False

Question 10 (2 points)

Why do we organize risks (answer in Blank 1)? Give 2 examples of how risks can be organized (answer in Blank 2)?

Question 10 options:

Blank # 1
Blank # 2

Question 11 (1 point)

When denoting a Risk Owner it is sufficient (okay) to designate a specific Department and by default the Head of that Department as the Risk Owner (ex. VP Finance) rather than name a specific individual.

Question 11 options:

	True
	False

Question 12 (1 point)

The Risk Owner is a designated SME on a specific subject. E.g. this could be a civil engineer from the engineering department who is an SME on concreate. Or a specialist in blood diseases for a project on a new clinical trial.

The Risk Owner is responsible for which of the following tasks:

Question 12 options:

	A. Risk Identification
	B. Leading the Risk Assessment
	C. Deciding on the Risk Response
	D. Being Part of the Risk Review Group
	All of the above
	B and C only

Question 13 (4 points)

Match the Term with the correct associated definition

Question 13 options:

12345678910111213	A pictorial representation of the risk register
12345678910111213	Risk Response Strategy involving Threats
12345678910111213	Risks that are a total surprise - Unknown/Unknown
12345678910111213	Risk ID based on Observed facts, based on Analysis
12345678910111213	Additional Project funds within the control of the Project Manager/Project Sponsor.
12345678910111213	Holding a Workshop to determine possible risks
12345678910111213	Risk Response Strategy for an Opportunity
12345678910111213	Stakeholder term for a Supporter of your Project.

1.	Transfer
2.	Qualitative analysis
3.	Contingency Funds
4.	Backer
5.	Blocker
6.	Exploit
7.	Banker
8.	Heat Map
9.	Fishbone diagram
10.	Management Reserves
11.	Inductive
12.	Deductive
13.	Black Swan

Question 14 (2 points)

Lack of Communication is typically the start of all Project failures.

Question 14 options:

	True
	False

Question 15 (1 point)

Saved

Risk Communication can be context sensitive otherwise known as within "eye of the beholder". Ex. "Are the stores congested in December before the Christmas holidays?" Depends who you ask.

Question 15 options: