Which of the following risk response strategies involves allocating ownership of a positive risk to a third party?
A. Mitigate
B. Transfer
C. Share
D. Avoid
Taking out insurance in relation to risk management is called what?
A. Transference
B. Avoidance
C. Exploring
D. Mitigation
Quality and credibility of the qualitative risk analysis process requires that different levels of the risk's probabilities and impacts be defined is the definition of what?
A. Risk breakdown structure (RBS)
B. Risk probability and impact
C. Qualitative risk analysis
D. Risk response planning
When does risk monitoring and control occur?
A. At project initiation
B. During work performance analysis
C. Throughout the life of the project
D. At project milestones
A risk may be graded into different priorities by which process?
A. Risk monitoring and controlling
B. Risk response planning
C. Qualitative risk analysis
D. Quantitative risk analysis
Which of the following processes includes prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact?
A. Qualitative risk analysis
B. Quantitative risk analysis
C. Risk management planning
D. Risk response planning
Which of the following documents allows the project manager to assess risks that may require near term action?
A. Probability and impact matrix
B. Contingency analysis report
C. Risk urgency assessment
D. Rolling wave plan
Which of the following is an example of a technique used in quantitative risk analysis?
A. Sensitivity analysis
B. Probability and impact matrix
C. Risk data quality assessment
D. Risk categorization
When communicating with large audiences, which communication method works most effectively?
A. Push
B. Interactive
C. Parallel
D. Pull
What are assigned risk ratings based upon?
A. Root cause analysis
B. Assessed probability and impact
C. Expert judgment
D. Risk Identification
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