Question 1(Mandatory)(1 point)

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Within project management many different documents are produced.

Which of the following documents would be the appropriate one to define the processes to monitor and control risks?

Question 1 options:

	Expert judgement interview notes
	Risk registry
	Risk management plan
	Minutes to risk workshop planning meetings

Question 2(Mandatory)(1 point)

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The environment that a project operates in changes throughout the project lifecycle, which results in our understanding of project risks also evolving during a project's lifecycle.

As such, which of the following statements represents a valid opportunity to perform a risk assessment on the project?

Question 2 options:

	At the start of the project
	When a scope change to the project occurs
	Before a major decision point
	All of the above

Question 3(Mandatory)(1 point)

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Risks can occur at any point in a project's lifecycle; the risks that are encountered early on in the project are often different from those that can be encountered at later stages of the project.

However, in general, risk events that occur (or are discovered) later in the project's lifecyle tend to have a greater impact on the project than those that occur earlier in the project's lifecycle.

Which of the following statements isnota valid potential explanation for this observation?

Question 3 options:

Less available time When risk events occur early in the project, the project manager has time to study the issue and develop 'work-arounds' or 'fixes' to the issue. However, less time exists for the project manager to develop a response to a risk if it occurs later in the project.

Less available resources The project commits resources as it moves along; once those resources are committed, they are often used up and are not available in future phases of the project. If a risk event occurs later in a project, often the project manager is left with very few resource options remaining that can be utilized to overcome the issue.

Cumulative investment If a risk occurs that makes a project unfeasible early in its lifecycle, then the risk may impact only a minimal investiment. However, if a risk occurs that make a project unfeasible in the later stages of a project's lifecycle, then the risk could have considerably more impact on the project, as much more time, effort and money have been invested in the project.

Lack of opportunity At the start of most projects, there simply are not a lot of risk events that need to be planned for or that can occur. Risks naturally happen only in the later stages of a project that's why when they happen they have their greatest impact near the end of the project.

Question 4(Mandatory)(1 point)

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When identifying risk, the PMBOK recommends examining each element of the project work breakdown structure (WBS) to determine what risk might be associated with that WBS item.

TRUE OR FALSE: Is it possible to also identify additional risks by examining the project assumptions and estimates?

Question 4 options:

	1) True
	2) False

Question 5(Mandatory)(1 point)

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After identifying project risks, the risk manager must determine the best strategy or strategies for dealing with the risks.

The four basic categories of risk strategies (for negative risks) identifed within the PMBOK and within this course are:

Question 5 options:

	Technical, marketing, financial and human
	Identification, quantification, response development and response control
	Avoidance, transference, mitigation and acceptance
	Avoidance, retention, control and deflection

Question 6(Mandatory)(1 point)

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Question 6 options:

	(1) Execution phase and (2) Monitoring and Controlling phase
	(1) Planning phase and (2) Execution phase
	(1) Introduction phase and (2) Monitoring and Controlling phase
	(1) Planning phase and (2) Monitoring and Controlling phase

Question 7(Mandatory)(1 point)

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Question 7 options:

	Project management plan
	Risk register
	Stakeholder register
	Enterprise environmental factors

Question 8(Mandatory)(1 point)

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There are many different ways that have been developed over the years to identify project risks.

The list below contains several examples of valid risk identification methods, and some items that are not.

From the list, select those thatarevalid risk identification methods.

Question 8 options:

Delphi Technique

Brainstorming

Root Cause Analysis

Interviewing / Expert Judgement / Opinion

Parametric Analysis

Analogy Analysis

Definitive Analysis

Question 9(Mandatory)(1 point)

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A risk management plan covers a number of different topics regarding risks.

However, what risk topic shouldnotbe covered by a risk management plan?

Question 9 options:

	Roles and responsibilities for handling project risks
	Timing of project risk management activities
	The methodological approach used for risk management
	Individual risks and potential responses to them

Question 10(Mandatory)(1 point)

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Question 10 options:

	It is a RiskResponsibilityAssignmentMatrix (Risk RAM)
	It is aRiskBreakdownStructure (RBS)
	It is a Risk Impact Definition Table
	It is a Stakeholder's Risk Tolerance Table