Please Do not press "Submit" at the end of the exam until you are sure of your responses, as your test will be graded immediately.
You can hover your mouse pointer over to see the question ID. Good luck!

1.  A number of identified risks occurred early in a project. As a result, most of the project objectives ended up in jeopardy. The project manager decided to present a case to management that the project be closed down. This is an example of:

   A) Risk Acceptance
   B) Risk Mitigation
   C) Risk Avoidance
   D) Risk Transfer
   

2.   Rick has just been assigned as the project manager of a project to develop a complex product. The project is in the Define Scope phase. Which of these tools / techniques will not be used by Rick in this phase?

   A) Lateral thinking
   B) Process analysis
   C) Pair wise comparisons
   D) Value engineering
   

3.   Identification of new risks, reassessment of old risks and closing of outdated risks are done as part of the Monitor and Control Risks phase. How often should project risk reassessment be scheduled?

   A) It depends on how the project progresses relative to its objectives.
   B) It is left to the discretion of the project manager.
   C) Reassessment needs to be done at the 25%, 50%, and 75% stages of project completion.
   D) Reassessment needs to be done at the 20%, 40%, 60% and 80% stages of project completion.
   

4.   You are the project manager of a project and are about to conduct a risk identification exercise in a few days' time. You would like to proactively remind the participants in the exercise of the various sources from which risk may arise in the project. What could you use to help you do this?

   A) A Risk Breakdown Structure (RBS)
   B) A Risk Simulation Structure (RSS)
   C) A Risk Register
   D) An Impact Matrix
   

5.  The Risk Management plan will usually contain the definitions of risk probability and impact. Which of the following has the highest impact (negative) on a project?

   A) A rating of 1.1 on the impact scale
   B) A rating of 0.8 on the impact scale
   C) A rating of 0 on the impact scale
   D) A rating of 0.1 on the impact scale