PROJ 595 Midterm Exam Set 2 NEW

1. (TCO A) A stakeholder analysis in risk management (Points : 5)

Question 2. 2. (TCO A) When using the ATOM process to manage risks, an initiation meeting should be used for (Points : 5)

Question 3. 3. (TCO B) All of the below are risk identification methods, except (Points : 5)

Question 4. 4. (TCO D) In risk response planning, which is the difference between active and passive acceptance? (Points : 5)

Question 5. 5. (TCO E) A common tool for use in risk monitoring and control is (Points : 5)

Question 6. 6. (TCO H) When using the ATOM process to manage risks, which is the importance of an initiation meeting? (Points : 5)

Question 7. 7. (TCO A) When is a risk register created? What is its importance of a risk register to a project? (Points : 10)

Question 8. 8. (TCO B) You are the project manager for a major technological project. You are concerned about doing qualitative risk analysis. How do you ensure consistency when doing qualitative risk analysis across all risk evaluators? (Points : 15)

Question 9. 9. (TCO D) Explain transference as a risk response strategy, and provide an example of its use in a project. (Points : 15)

Question 10. 10. (TCO E) What is the purpose of performing reserve analysis during the risk management process? (Points : 15)

Question 11. 11. (TCO H) You are in a status meeting with key project stakeholders. You are discussing residual and secondary risks in your project. The key stakeholders ask for an explanation and example of each. How would you describe each? Provide an example of a residual and a secondary risk. (Points : 15)