ENR3001 - WEEK 6 Exam Questions With
Correct Answers
The main aim of a project risk management process should be to: - answer✔identify project
risks and then manage them appropriately.
Quote: "Anyone who runs a project without risk management is engaging in risky
management". Which of the risks below should be rated as "very high", if your analysis has
shown such a risk?" - answer✔Project result not useable
Risks in a project are possible unplanned events or situations with negative repercussions.
Systematic risk management is
therefore... - answer✔an essential precondition for achieving the project goals
Project risk management is best described as: - answer✔minimising threats and maximising
opportunities
The main outcome of risk identification, in a risk management process, is to: - answer✔identify
and describe all risks that might occur on the project
An effective risk management plan will need to address which of the following issues? -
answer✔all of the above
Risk projection attempts to rate each risk in two ways - answer✔likelihood and impact
Which risks are associated with constraints imposed by management or the marketplace? -
answer✔Business impact risks
Which of the following is not a business risk? - answer✔lack of documented requirements or
project scope
What is the product of the probability of incurring a loss due to the risk and the potential
magnitude of that loss? - answer✔Risk exposure
Which one is not a risk management activity? - answer✔Risk generation
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