PROJ 420 (Project Risk Management) Final Exam
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(TCO 1) Project risk has its origins in
(TCO 2) The identification process produces
(TCO 3) The outputs of the identification step include
(TCO 4) Risk assessment involves two basic functions:
. (TCO 5) Secondary risk is caused by
(TCO 6) The reporting step is designed to fulfill the function of
(TCO 7) Minor risk reviews can occur
(TCO 8) Requested changes to the risk plan should be submitted through the
(TCO 1) Structured project risk management is
(TCO 2) Once we identify the risks, we look to see if
(TCO 3) A standard risk checklist includes
(TCO 4) The first document produced at the end of the Assessment step is
(TCO 5) The key to carrying out the implementation plan is
(TCO 6) The risk interview will
(TCO 7) The implementation plan actions include
(TCO 8) One of the reasons a post-project review is not done is
(TCO 1) If we do not manage risk we will have to resort to
(TCO 3) The real problem of not identifying a task in the WBS is
(TCO 5) The major review is scheduled for
(TCO 2) Risk management planning outputs include
(TCO 2) Who would be considered stakeholders? What characteristics would they have?
(TCO 4) What are the three heuristics that are used in the case of uncertainty?
(TCO 7) Once an active risk is encountered and the risk register action is taken, what can develop from that action?
(TCO 8) The focus of the post project review is to take advantage of what?
(TCO 1) There are four critical success factors for effective risk management. List them and provide a detailed description of each.
(TCO 2) This is a two-part question. The WBS is considered a critical tool for the project and for risk management. (1) Discuss why it is critical, and what it is not designed to do; and (2) discuss why it is important to...