There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events?
Correct Answer:
A
Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If your organization seizes this opportunity it would be an example of what risk response?
Correct Answer:
D
Fill in the blank with an appropriate phrase.
______ are activities that are dangerous to complete and manage such as construction, electrical work, or manufacturing.
Correct Answer:
A
Wendy is about to perform qualitative risk analysis on the identified risks within her project. Which one of the following will NOT help Wendy to perform this project management activity?
Correct Answer:
D
Diana is the project manager of the QPS project for her company. In this project Diana and the project team have identified a pure risk. Diana and the project team decided, along with the key stakeholders, to remove the pure risk from the project by changing the project plan altogether. What is a pure risk?
Correct Answer:
C