The main aim of a project risk management process should be to: a. identify project risks and then manage them appropriately. b. identify all project risks and transfer them immediately. c. identify all the things that are threats or opportunities on a project. d. satisfy the organization’s project management process.

The main aim of a project risk management process should be to:

a. identify project risks and then manage them appropriately.

b. identify all project risks and transfer them immediately.

c. identify all the things that are threats or opportunities on a project.

d. satisfy the organization’s project management process.
by

1 Answer

Answer :

a. identify project risks and then manage them appropriately.
by

Related questions

The main aim of a project risk management process should be to: a. identifies project risks and then manage them appropriately. b. identify all project risks and transfer them immediately. c. identify all the things that are threats or opportunities on a project. d. satisfy the organisation’s project management process.

Description : The main aim of a project risk management process should be to:  a. identifies project risks and then manage them appropriately.  b. identify all project risks and transfer them immediately.  ... are threats or opportunities on a project.  d. satisfy the organisation's project management process.

Last Answer : a. identifies project risks and then manage them appropriately.

Project risk management is best described as: a. managing responses to threats. b. identifying and acknowledging threats and opportunities. c. planning responses to threats. d. minimising threats and maximising opportunities.

Description : Project risk management is best described as: a. managing responses to threats. b. identifying and acknowledging threats and opportunities. c. planning responses to threats. d. minimising threats and maximising opportunities.

Last Answer : d. minimising threats and maximising opportunities.

Project risk management is best described as: a. managing responses to threats. b. identifying and acknowledging threats and opportunities. c. planning responses to threats. d. minimising threats and maximising opportunities.

Description : Project risk management is best described as:  a. managing responses to threats.  b. identifying and acknowledging threats and opportunities.  c. planning responses to threats.  d. minimising threats and maximising opportunities.

Last Answer : d. minimising threats and maximising opportunities.

The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that might occur on the project. c. identify and determine the responses to the project risks. d. identify and describe risks that have occurred on previous projects.

Description : The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that ... responses to the project risks. d. identify and describe risks that have occurred on previous projects.

Last Answer : b. identify and describe all risks that might occur on the project.

The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that might occur on the project. c. identify and determine the responses to the project risks. d. identify and describe risks that have occurred on previous projects.

Description : The main outcome of risk identification, in a risk management process, is to:  a. identify and determine the relative importance of the project risks.  b. identify and describe all risks that ... to the project risks.  d. identify and describe risks that have occurred on previous projects.

Last Answer : b. identify and describe all risks that might occur on the project.

All of the following statements are true regarding risks except for which one? Choose the least correct answer. A. Risks might be threats to the objectives of the project. B. Risks are certain events that may be threats or opportunities to the objectives of the project. C. Risks might be opportunities to the objectives of the project. D. Risks have causes and consequences.

Description : All of the following statements are true regarding risks except for which one? Choose the least correct answer.  A. Risks might be threats to the objectives of the project.  B. Risks are ... Risks might be opportunities to the objectives of the project.  D. Risks have causes and consequences.

Last Answer : B. Risks are certain events that may be threats or opportunities to the objectives of  the project

All of the following statements are true regarding risk events except which one? Choose the least correct answer.A. Project risks are uncertain events. B. If risks occur, they can have a positive or negative effect on project objectives. C. Unknown risks are threats to the project objectives, and nothing can be done to plan for them. D. Risks that have more perceived rewards to the organization than the consequences of the risk should be accepted.

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Last Answer : C. Unknown risks are threats to the project objectives, and nothing can be done to  plan for them.

What is the first step in developing a risk management plan? Select one: a. Analyze the risks. b. Estimate the likelihood of the risks occurring. c. Identify potential project risks. d. Develop a risk mitigation plan. e. Estimate the potential impact of risk on the project goals.

Description : What is the first step in developing a risk management plan? Select one: a. Analyze the risks. b. Estimate the likelihood of the risks occurring. c. Identify potential project risks. d. Develop a risk mitigation plan. e. Estimate the potential impact of risk on the project goals.

Last Answer : c. Identify potential project risks.

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Once the project is approved and moves into the planninb. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysisg stage, what happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded.

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Last Answer : d. Risks are identified with each major group of activities.

Complete the following statement. As the project progresses into the execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on the project typically increases. c. risks are identified with each major group of activities. d. a risk response plan can be used to identify increasing levels of detailed risk analysis. e. the risk breakdown structure needs to be examined to be sure all the risk events have been avoided.

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Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle?Select one: a. Agreements for risk sharing need to be concluded. b. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

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Andrew has joined as the Project Manager of a project. One of the project documents available to Andrew lists down all the risks in a hierarchical fashion. What is this document called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.

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Last Answer : d. Risk Breakdown Structure.

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. Integrity in the project management field is accomplished through all of the following except which one? A. Training to learn how to manage relationships with others from different cultures B. Adhering to an ethical code C. Applying established project management processes D. Following the PMP Code of Professional Conduct

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Last Answer : A. Training to learn how to manage relationships with others from different cultures

Expert power is the power that comes from the amount of knowledge a person has obtained in a specific area. This type ofpower is: 1. Critical to a project manager because the PM has to have as much or more knowledge than any of the team members tomake sure the project is completed successfully 2. Used by the PM to influence upper management and the critical stakeholders 3. Important if the project manager wants to maintain the respect of the project team 4. Used sparingly if at all by the PM because the PM cannot stay current on all areas of expertise and also manage the project

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During the planning development process, at times it is necessary to make certain assumptions to enhance the project plan when the data is not available. In regard to making those assumptions, which one of the following is most true for project planning purposes? 1. The assumptions will be considered as true, real, or certain. 2. By making the assumption, it tends to reduce the project risk. 3. Project assumptions are based upon historical data used for the project. 4. Senior management predefines the budget constraints.

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Last Answer : 1. The assumptions will be considered as true, real, or certain.

Identify, from among the following, the correct statement. a) One of the main challenges Engineering facing today is the requirement of most systems to wob) ‘Legacy systems’ are custom developed systems for the legal domain c) does not wear-out in the traditional sense of the term, but does tend to deteriorate as it evolves d) Since is essentially ‘intangible’ it is relatively easy to manage projects With the advent of component based assembly, we find that onlyless than 20% of today’s is still custom builtrk with a multitude of homogenous systems

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Last Answer : c) does not wear-out in the traditional sense of the term, but  does tend to deteriorate as it evolves

The methods and regulation used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project is known as … a. project management. b. Process Management c. Process d. Activities

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Once the logic of a network is laid out, the project manager will conduct a forward pass and a backward pass through the network. This will provide information regardiC. Resource shortages, high risk activities D. The high risk activities, non-critical pathng ______ and will identify the________. A. The total duration of the project, critical path B. The slack for each activity, high risk activities

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Which of the following is true about a project manager? Select one: a. Project managers analyze work processes and explore opportunities to make improvements. b. Project managers are focused on the long-term health of the organization. c. Project managers are process focused. d. Project managers are goal oriented. e. Project managers standardize the work processes.

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Last Answer : d. Project managers are goal oriented.

Identify the incorrect statement in connection with working capital management. A. Long-term funds are more expensive than short-term funds but also riskier B. The objectives of working capital management are profitability and liquidity C. Permanent current assets should be financed from long-term sources if a moderate or matching policy is adopted D. Conservative financing policies use short-term funds to finance only part of fluctuating current assets E. Aggressive financing policies increase profitability at the cost of higher risk

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Last Answer : A. Long-term funds are more expensive than short-term funds but also riskier

How does a project differ from an ongoing work effort? A. It is unique B. It involves more than one person C. It has a project manager D. It is not a repetitive process that follows an organization’s existing procedures (Ans.)

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Last Answer : D. It is not a repetitive process that follows an organization’s existing procedures  (Ans.)