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1.  Sensitivity analysis helps to determine which risks have the most potential impact on the project. A project manager prepared a display chart of sensitivity analysis for his project. The diagram contained a series of bars with the length of the bars corresponding to the risk impact on the project. The longer the bars, the greater was the risk presented. Such a diagram is likely to be:

   A) An assessment diagram
   B) A triangular distribution
   C) A tornado diagram
   D) A funnel distribution
   

2.   Acceptance is a strategy adopted because it is not possible to eliminate all risks from a project. This strategy indicates that the project management team has decided not to change the project management plan to deal with a risk. What action does passive acceptance require?

   A) Passive acceptance is no longer adopted in projects and is not an accepted strategy.
   B) Passive acceptance requires no action except to document the strategy and come up with a risk management strategy.
   C) Passive acceptance requires no action.
   D) Passive acceptance requires no action except to document the strategy.
   

3.  The list of identified risks is found in the risk register whereas the high-level risks are listed in the:

   A) Scope statement
   B) Requirement document
   C) Project charter
   D) Risk management plan
   

4.   Identification of new risks, reassessment of old risks and closing of outdated risks are done as part of the Monitor and Control Risks phase.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.
   

5.  Risk identification checklists are usually developed based on historical information and knowledge accumulated from previous similar projects. Which of the following statements about risk identification checklists is wrong?

   A) It is impossible to build an exhaustive checklist.
   B) The lowest level of the Risk Breakdown Structure (RBS) cannot be used as a risk checklist
   C) Quick and simple risk checklists are the least effective ones.
   D) Risk checklists should be reviewed during project closure.