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Risk Management Strategies in Projects

The document contains a series of multiple-choice questions related to project management, specifically focusing on risk management practices. It addresses actions to take after updating a risk register, techniques for identifying risks in supply chains, and the distinction between risks and opportunities. Each question presents options that test knowledge of effective project management strategies and concepts.

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5 views1 page

Risk Management Strategies in Projects

The document contains a series of multiple-choice questions related to project management, specifically focusing on risk management practices. It addresses actions to take after updating a risk register, techniques for identifying risks in supply chains, and the distinction between risks and opportunities. Each question presents options that test knowledge of effective project management strategies and concepts.

Uploaded by

tccljahirdipok
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

146. A project manager has updated the risk register after a risk review meeting.

What
should be done next?
a. Communicate the risk register updates to relevant stakeholders
b. Send a copy of the updated risk register to all team members
c. Do nothing and wait for the next risk review meeting
d. Update the risk register again after a week

147. While leading a smart-city traffic control project, you routinely scan government trade
bulletins and economic journals. You discover that new export restrictions on rare-earth
materials could limit the availability of key sensor chips, threatening the installation
schedule. Which risk identification technique best describes the proactive review that
revealed this external supply chain threat?
a. A Delphi panel requesting probabilistic opinions from geographically dispersed procurement
experts on future chip availability
b. Monte Carlo simulation of component inventory variability
c. SWOT profiling of supplier capability trends
d. PESTLE analysis

148. What is the difference between a risk and an opportunity?


a. A risk is an external factor while an opportunity is an internal factor.
b. A risk is uncertain while an opportunity is a certainty.
c. A risk is something that has already happened while an opportunity is something that may
happen in the future.
d. A risk has a negative impact on the project while an opportunity has a positive impact.

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