Common method of identifying the sources of risks

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Reference no: EM132232474

1. Which of the following statements about risks is true?

The consequence of a risk can be positive for the project.

Only risks that impact the critical path of the project are important to mitigate.

Risks only occur in projects that are long term projects.

Risks are higher in long term projects.

2. Risk management involves identifying, assessing, and responding to project risks to

add extra costs to the project

inform the project team so they can ignore the consequences

reduce the likelihood of occurrence and their potential impact

pass the expense of the risks to the customer

3. The agenda for project status review meetings should include an item for:

risk identification

risk assessment

risk monitoring

risk contingency matrix

4. This involves taking action to reduce the likelihood that the risk event will occur or reducing the potential impact.

Risk identification

Accepting the risk

Avoiding the risk

Mitigating the risk

5. The most common method of identifying the sources of risks is:

network diagram

work analysis chart

brainstorming

initiation reports

Reference no: EM132232474

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