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1.   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
   

2.   A project manager is considering risk in a project. When does risk come into play in a project?

   A) During the SWOT (strengths, weaknesses, opportunities, and threats) analysis.
   B) During the Identify Risks phase.
   C) As soon as the Plan Risk Management phase begins
   D) As soon as a project is conceived
   

3.  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
   

4.   As part of a strategy to handle negative risk, a project manager decided to adopt less complex processes, conduct more tests and choose a more stable supplier. What strategy would this be classified as?

   A) Acceptance
   B) Transference
   C) Mitigation
   D) Avoidance
   

5.  While sequencing activities for a project, the project management team of a project applied certain discretionary dependencies. This was based on their knowledge of best practices within the project application area. What is the potential risk involved in using such dependencies?

   A) They can create fixed float values and create external dependencies.
   B) They can create arbitrary float values and limit later scheduling options.
   C) They can create arbitrary float values and create external dependencies.
   D) They can create arbitrary float values and create mandatory dependencies