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Risk Management in Project Management

This document is a tutorial focused on Risk Management, featuring multiple-choice questions and short answer prompts related to the topic. It covers key concepts such as types of risks, risk categories, and risk analysis, along with practical applications in project management. Students are instructed to submit their answers in a Word document with specific naming conventions.

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10 views2 pages

Risk Management in Project Management

This document is a tutorial focused on Risk Management, featuring multiple-choice questions and short answer prompts related to the topic. It covers key concepts such as types of risks, risk categories, and risk analysis, along with practical applications in project management. Students are instructed to submit their answers in a Word document with specific naming conventions.

Uploaded by

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

TUTORIAL 8

➢ Multiple Choice:
1. Which stage that Risk Management belongs to?
A. Performance & Control
B. Conception & Initiation
C. Launch or Execution
D. Definition & Planning

2. What does KPI stand for?


A. Key Performance Index
B. Key Performance Industry
C. Key Product Index
D. Key Progress Industry
3. Risks can be divided into _______ categories
A. 2
B. 3
C. 4
D. 5
4. If a risk to the project arises due to an aspect being dealt with by the project team, then
it is an ________
A. Internal risk
B. External risk
C. None is correct
D. Internal risk & External risk
5. How many major risk types?
A. 2
B. 3
C. 4
D. 5
6. Which is not a major risk type?
A. Resource risk
B. Budget risk
C. Scope risk

SPM – TUTORIAL 8
D. Time risk
7. Due to the time management error, the requirements or design, or the construction may
get injected with defects
A. True
B. False
8. How many major causes of risks?
A. 7
B. 8
C. 9
D. 10
9. ___________ are the costliest resources in software projects?
A. Team members
B. Facilities and equipment
C. Supplies and material
D. Services
10. Wrong budget estimate of a task
A. Medium probability – Medium impact
B. High probability - High impact
C. High probability - Medium impact
D. Medium probability - High impact
➢ Short Answer:
[Link] is Risk Management? Give some examples.
[Link] are types of Risk management? Explain them in detail.
[Link] some causes of risks. Give some examples.
[Link] are types of Risk Categories? Explain them in detail.
[Link] is meant by Risk Analysis? Give some examples.
6. Give an example of how-to use Project Risk Management to assist in Agile Models.
SUBMISSION:
- Write your answer in a Word document
- Save file as: FullName_StudentID_Class_Tutorial8

SPM – TUTORIAL 8

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