Quantitative risks mainly deal with project-level risks

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Reference no: EM132207421

1. All projects must go through rigorous and detailed quantitative risk analysis. True or False.

2. Quantitative risks mainly deal with Project-Level Risks. True or False

3. A potential risk event has always negative consequences. True or False

4. Identify Risks” step of the risk management process identifies both knowable and unknowable risks. True or False

5. It may take great deal of time, staff, and money to do risk management plan for a project. Hence, management must decide its cost and benefits and scope (scale) up front. True or False

6. Discuss the role Virgin Group has in respect to being a corporate parent. The role that should be discussed is

1) setting of a clear vision

2) to provide financial support,

3) to enable achievement of econimies of scale,

4) to maintain standardization of performance and

5) to provide supporting systems.

7. Politics can occur when:

a) Creating a statement of work

b) A partner leaves the firm

c) The project fails

d) The project ceases.

Reference no: EM132207421

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