Question
The implications of a Force Majeure clause in a project deliverables contract is : a. it requires project decisions to be made by majority rule
The implications of a "Force Majeure" clause in a project deliverables contract is:
a. it requires project decisions to be made by majority rule
b. it removes liability for natural and unavoidable catastrophes that interrupt expected course of events and prevent parties from fulfilling obligations
c. it makes external parties legally responsible for any changes to project baselines
d. all of the above
If someone shows you a risk register for an unfamiliar project, a project you've never heard of and therefore know nothing about, which of the following general statements about the risks listed can you immediately tell them is true?
a. all risks listed are controllable risks
b. all risks listed are uncontrollable risks c. all risks listed should undergo quantitative analysis
d. all risks listed are known risks
Current risk management processes typically don't plan for black swan events because:
a. these events are so impactful that no amount of planning can ever respond to them
b. we can't plan for a problem that no one imagines or predicts will occur
c. black swans simply don't exist, they are only in one's imagination and folklore
d. we can usually see black swan events coming, therefore project teams plan to deal with them when they occur
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