Risk Management

Question 1

Approaches to risk management identification include the following:
-Documentation Reviews
-[x]
-Types of Risk
-Checklist Analysis
-Assumptions Analysis
-Diagramming Techniques

Answer 1

Information Gathering Techniques

Question 2

Approaches to risk management identification include the following:
-[x]
-Information Gathering Techniques
-Types of Risk
-Checklist Analysis
-Assumptions Analysis
-Diagramming Techniques

Answer 2

Documentation Reviews

Question 3

In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-[x]
-Management
-Measurement
-Methods
-Machinery
-Materials

Answer 3

People

Question 4

The [x] risk category includes regulatory, environmental, government, and market shifts.

Answer 4

external

Question 5

In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-Management
-Measurement
-Methods
-[x]
-Materials

Answer 5

Machinery

Question 6

The three inputs used to calculate the Risk Priority Number (RPN) in the FMEA are [x], [y], [z].

Answer 6

severity, likelihood, detection

Question 7

Approaches to risk management identification include the following:
-Documentation Reviews
-Information Gathering Techniques
-[x]
-Checklist Analysis
-Assumptions Analysis
-Diagramming Techniques

Answer 7

types of risk

Question 8

Approaches to risk management identification include the following:
-Documentation Reviews
-Information Gathering Techniques
-Types of Risk
-Checklist Analysis
-
-Diagramming Techniques

Answer 8

Assumption Analysis

Question 9

In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-Management
-Measurement
-[x]
-Machinery
-Materials

Answer 9

Methods

Question 10

Approaches to risk management identification include the following:
-Documentation Reviews
-Information Gathering Techniques
-Types of Risk
-Checklist Analysis
-Assumptions Analysis
-[x]

Answer 10

Diagramming Techniques

Question 11

The [x] risk category includes time, cost, scope, changes, people, staffing, materials, equipment, and processes.

Answer 11

Internal

Question 12

The [x] risk category includes changes in technology.

Answer 12

Technical

Question 13

In Risk Response Planning, you [x] to allocate ownership of the opportunity to a third party (forming a partnership, team, or joint venture) that is best able to achieve the opportunity.

Answer 13

Share

Question 14

In Risk Monitoring & Control, you conduct risk [x] to prove that all risks have been identified and have plans in place.

Answer 14

Audits

Question 15

A qualitative risk management tool is the [x] and [y] which is a two axis matrix that incorporates a scale (low, medium, high or 1-5).

Answer 15

Probability, Impact

Question 16

In Risk Response Planning, you [x] to add work or change the project to make sure the opportunity occurs.

Answer 16

Exploit

Question 17

In Risk Response Planning, you [x] to make another party responsible for the risk through purchasing of insurance, performance bonds, warranties, guarantees, or outsourcing the work.

Answer 17

Transfer

Question 18

In Risk Response Planning, you [x] to increase the likelihood, probability, and positive impacts of the risk event.

Answer 18

Enhance

Question 19

The [x] risk category is typically a very small part of risk, about 10 percent.

Answer 19

Unforeseeable

Question 20

In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-[x]
-Measurement
-Methods
-Machinery
-Materials

Answer 20

Management

Question 21

In Risk Response Planning, you [x] to eliminate the threat by eliminating the cause.

Answer 21

Avoid

Question 22

In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-Management
-[x]
-Methods
-Machinery
-Materials

Answer 22

measurement

Question 23

In Risk Response Planning, you [x] to do nothing and say, “If it happens, it happens.”

Answer 23

Accept

Question 24

In Risk Response Planning, you [x] to reduce the probability or the impact of the threat, thereby making it a smaller risk and removing it from the list of top risks on the project.

Answer 24

Mitigate

Question 25

Approaches to risk management identification include the following:
-Documentation Reviews
-Information Gathering Techniques
-Types of Risk
-[x]
-Assumptions Analysis
-Diagramming Techniques

Answer 25

Checklist Analysis

Question 26

In Risk Monitoring & Control, [x] meetings can be used to identify new risks and confirm that current plans are still appropriate.

Answer 26

Status

Question 27

When conducting risk management identification, two types of risk are [x] (risk of gain or loss) and [y] (insurable - fire, theft, personal injury) risk.

Answer 27

Business, Pure

Question 28

In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-Management
-Measurement
-Methods
-Machinery
-[x]

Answer 28

Material

Question 29

In Risk Monitoring & Control, you use [x] for unplanned responses.

Answer 29

workarounds