Question 1 Saved 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 1 options: Blank # 1 Increased revenue, a lot of money will be collected due to more cars passing in a day Blank # 2 Reduced traffic, since the road will be wider, it mean that more cares will be passing through. Question 2 Saved Name 4 risks sub-categories you could use for Internal Risks and 4 risk sub-categories you could use for External Risks. Question 2 options: Internal Risk Sub-Category (1-4):

Political risk, Accidents , they maybe a risk of during the project, High, low,0.8, Train the employees on the safety protocol during the working time Learning outcomes, they maybe an oppotuinity to learn new things during the project, because it is a new project. Culture risk External Risk Sub-Category (1-4): Environmental risk: since the building of the bridge involves chemicals, there is risk of soil erosion , High, High, through out the project.0.9, Constantly monitor the chemicals being used to avoid water and soil erosion Legal risk, there maybe a risk of being sued due to the environmental hazard,High,Medium , through out the project, 0.8. Ensure that all the chemicals used do not spill in water Political risk Culture Risk Question 3 Saved 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 3 options: Blank # 1 Traffic delays , they maybe risk of traffic delays since the ambassader bridge only have 2 lanes both sides and a lot of cars cross every day Blank # 2 Reduced revenue, they maybe reduction in revue since they are few cars pass through and less money collected as btoll fees Question 4 Saved 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 4 options: Blank # 1 Why are we doing this project Blank # 2 who will be responsible for this risk Blank # 3 How can we mitigate these risks Question 5 Saved 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).

Question 5 options: Blank # 1 Injuries, because in contruction accidents happen which can cause injuries Blank # 2 Water pollution, the bridge is being constructed on water and chances of having chemicals spilled into water are very high Blank # 3 Delivery delays due to climate change, its a risk because in extremes snow the project progress reduces Blank # 4 Delays in approvals , this is a risk because any delay in approvals means delay on the project Blank # 5 Economic risk, this a risk , because any change in inflation will lead to reduction of money budget Blank # 6 Language barrier , this is a risk because Canada is a multicuture country with 2 languages, and if one doesnt not speak either , this becomes communication barrier General Risk Questions Questions from Week 1 to Week 6 (inclusive)

Question 6 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 6 options: True False Question 7 Saved 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 7 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 8 Saved Explain the difference between Contingency Funds and Management Reserve?

Question 8 options: Contingency fund is the money reserved by the PM and management reserve is usually reserved by the management to be used once the contingency fund is depleted Question 9 Saved Why do we organize risks (answer in Blank 1)? Give 2 examples of how risks can be organized (answer in Blank 2)?

Question 9 options: Blank # 1 To arrange them according their impact Blank # 2 You prioritize according to their impact Question 10 (2 points) Saved Lack of Communication is typically the start of all Project failures.

Question 10 options: True False Question 11 Saved 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 11 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 12 Saved 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 12 options: True False Question 13 Saved Risk is NOT Uncertainty. Risk is measurable, Uncertainty cannot be measured.

Question 13 options: True False Question 14 Saved Based on the attached table situations determine which of the 8 Risk Responses strategies (4 for Threats/4 for Opportunities) are being leveraged. Question 14 options: A. Transfer B. Mitigate C. Avoid D. Accept E. Share F. Enhance G. Exploit H. Accept Question 15 Saved Which of the following could be considered Risk Signals/Symptoms:

Question 15 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