37. Fill in the blank: The process of identifying and evaluating potential risks and issues that could impact a project is known as _____.
- risk management
- risk analysis
- risk mitigation
- risk identification
38. Which of the following are steps involved in creating and utilizing a fishbone (or cause-and-effect) diagram? Select all that apply.
- Mitigate causes
- Define the problem
- Identify categories
- Analyze the causes
39. What two factors combine to determine inherent risk?
- Damage and mitigation
- Damage and impact
- Probability and mitigation
- Probability and impact
40. As a project manager, you’re identifying task dependencies. Task B cannot finish until Task A has started. Which type of dependency does this situation represent?
- Finish to Start (FS)
- Start to Start (SS)
- Finish to Finish (FF)
- Start to Finish (SF)
41. Which of the following best describes the risk register in the risk management plan?
- An introduction to the conditions of the project and an outline of the potential risks
- A description of each risk, its risk rating, and a mitigation plan
- The measure of a risk calculated by its probability and impact.
- A list of general information such as the plan’s status, creation date, and uploaded date
42. Fill in the blank: A potential event that can impact your project if it occurs is called a(n) _____.
- delay
- issue
- risk
- problem
43. A major part of risk management is identifying potential problems. Which of the following is another critical aspect of risk management?
- Running practice situations where risks have become issues
- Encouraging risk early in a project
- Creating a plan for potential risks
- Reviewing past projects and reusing those risk management plans
44. You are identifying risks for an upcoming project. You have already planned for time risks and budget risks. Which of the following is another common type of risk?
- Scope risk
- Creeping risk
- Limiting risk
- Impact risk
45. Fill in the blank: Once an organization has explored the inherent risks of a project, its willingness to accept the possible outcomes of those risks is known as _____.
- risk analysis
- risk appetite
- risk register
- risk assumption
46. Which of the following are examples of external risk? Select all that apply.
- A breakdown in communication among team members
- A change in regulatory requirements
- A project vendor goes out of business
- A deliverable takes longer than anticipated to complete
47. Which of the following best describes the risk register in the risk management plan?
- The measure of a risk calculated by its probability and impact.
- An introduction to the conditions of the project and an outline of the potential risks
- A description of each risk, its risk rating, and a mitigation plan
- A list of general information such as the plan’s status, creation date, and uploaded date
48. A project manager and a project sponsor are discussing their different risk appetites. What is risk appetite?
- A desire to incur extra risks
- A willingness to accept the possible outcomes of a risk
- The shifting of some risks to a different team
- The assumption of additional risks for added challenge
