Risk Management
Risk in projects is best defined as:
A. A guaranteed problem
B. A completed milestone
C. An uncertain event that may affect the project
D. A finished deliverable
C. An uncertain event that may affect the project
Effective teams are characterized by:
A. Poor communication
B. Clear goals and trust
C. High conflict
D. No leadership
B. Clear goals and trust
Project closure involves:
A. Finalizing all project activities
B. Starting new work
C. Increasing scope
D. Replanning schedule
A. Finalizing all project activities
Risk response strategy that eliminates the threat by changing project scope or approach is:
A. Transfer
B. Mitigate
C. Avoid
D. Accept
C. Avoid
Recognition and rewards help:
A. Reduce motivation
B. Increase engagement
C. Eliminate conflict
D. Delay projects
B. Increase engagement
A lessons learned document helps:
A. Assign blame
B. Increase cost
C. Improve future projects
D. Delay completion
C. Improve future projects
A risk register is used to:
A. Document identified risks and responses
B. Track employee hours
C. Assign roles
D. Create budgets
A. Document identified risks and responses
A high-performing team is in which stage?
A. Storming
B. Norming
C. Forming
D. Performing
D. Performing
Customer acceptance means:
A. Work incomplete
B. Project rejected
C. Deliverables approved
D. Budget exceeded
C. Deliverables approved
Contingency plans are:
A. Budget summaries
B. Backup plans if risks occur
C. Final reports
D. Task schedules
B. Backup plans if risks occur
Leadership styles should be:
A. Fixed
B. Ignored
C. Adapted to the situation
D. Based on hierarchy only
C. Adapted to the situation
Contract closure ensures:
A. Work continues indefinitely
B. Scope expands
C. Budget increases
D. Agreements are completed
D. Agreements are completed
Risk appetite refers to:
A. Level of risk an organization is willing to accept
B. Number of risks
C. Schedule flexibility
D. Budget size
A. Level of risk an organization is willing to accept
Motivation theory suggests people are driven by:
A. Only money
B. Needs and incentives
C. Fear
D. Deadlines
B. Needs and incentives
Administrative closure includes:
A. Creating new risks
B. Starting execution
C. Hiring staff
D. Documenting results
D. Documenting results