A contingency plan is an alternative plan in case of risk happens.

Question 1 options:

	True
	False

Question 2

Risk management means to recognise and resolve potential trouble spots that may occur in the future.

Question 2 options:

	True
	False

Question 3

Getting approval for changes is very crucial in risk management process.

Question 3 options:

	True
	False

Question 4

Contingency plans increase the chance that the project will be completed on time and within the budget.

Question 4 options:

	True
	False

Question 5

The flip side of the risk managment is the opportunity management.

Question 5 options:

	True
	False

Question 6

An opportunity is an event which has positive impact on the project.

Question 6 options:

	True
	False

Question 7

The last step in risk management process is the risk control.

Question 7 options:

	True
	False

Question 8

There are _________main steps in risk management process.

Question 8 options:

	five
	two
	four
	seven

Question 9

Probabilty analysis looks into the possible frequency of the event.

Question 9 options:

	True
	False

Question 10

Scenario analysis includes

Question 10 options:

	probability of the event
	impact of the event
	two of the above
	none

Question 11

The document which has all the details of the possible risk, descriptions, types, contingency plans etc. is caaled

Question 11 options:

	the risk managment
	the risk analyser
	the risk register
	the risk assessment

Question 12

The list of question which consider the possible uncertanities in the given area of the project is called___________.

Question 12 options:

	risk brainstorming
	the risk profile
	risk management
	risk questionnaire

Question 13

Responses to the risks can be classified as

Question 13 options:

	mitigating
	avoiding and retaining
	transferring and escalating
	all

Question 14

The risk identification process is solely done by the core team.

Question 14 options:

	True
	False

Question 15

The project manage has to monitor risks along with the progress of the project.

Question 15 options:

	True
	False

Question 16

A risk

Question 16 options:

	has a cause
	is an uncertain event
	has a positive or negative impact on project
	can be indentified in advance
	all of the above

Question 17

Risk assessment may not be the part of every status meeting of the project management.

Question 17 options:

	True
	False

Question 18

There is diffrence in the responses of the risks and opportunities in project management.

Question 18 options:

	True
	False

Question 19

Escalating risk occurs when the project encounters a threat which is out of the scope of the project and the project manager.

Question 19 options:

	True
	False

Question 20

The risk management process starts with the loist of possible risks.

Question 20 options:

	True
	False