1. The actions taken when the risk is determined to be outside of the scope of the project and is communicated to the appropriate individual or area of the organization for resolution. what is called?

2. Removing the conditions that cause the risk from the project scope thereby eliminating any possibility of the risk is known as

3. The possibility that the risk will occur is acknowledged and no further action is taken until the risk occurs is known as

4. A potential situation that could cause a negative or positive impact to the project is known as a(n):

5. The actions to be performed in the event that the defined risk occurs is a(n):

6. When planning a summer garden party, in the event of rain, Manpreet plans to move the buffet table to an inside room (from outside). This is an example of contingency planning.(True/False)

7. Knowing that she needs to catch an early morning flight to San Francisco, Marlene sets both her alarm clock and phone alarm for 5:30 a.m. This is an example of contingency planning (True/False)

8. As Ali stands in line for the newest roller-coaster at the Canada's Wonderland amusement park, he notices a sign warning customers that people with heart conditions should not go on the roller-coaster. This is an example of risk transference.(True/False)

9. Looking out the window, Komal noticed black clouds overhead. She doesn't want to get rained on, so on her way out she grabs her umbrella. This is an example of risk avoidance.(True/False)

10. Risks may be assessed both quantitatively and qualitatively.(True/False)

11. Normally, it is the sole responsibility of the Project Manager to identify the majority of project risks.(True/False)