1. What are some challenges a project manager may encounter regarding the performance of Risk Management related activities?True/False

A risk makes reference to future actions whilst an issue or problem makes reference to an existing or past situation.True/False

1. Project Risk Management includes the following processes:
2. Risk management planning,
3. Risk identification,
4. Risk analysis,
5. response planning,
6. response implementation, and
7. monitoring risk on a project
8. All of the above

1. After the development of the risk management plan in the planning phase the next time the plan is reviewed is when a risk materializes on the projectTrue/False

1. Indicate what value does risk management provide in the management of projects?

1. The following are inputs to the Plan Risk Management processexcept
2. Project Charter
3. Close out report (for the current project)
4. Project management plan
5. Organizational policies and procedures

1. The output of the Plan Risk Management process is the Risk Management plan. Identify 4 elements of the Risk Management Plan. (see section 11.1.3.1 in PMBoK 6)

1. The activity of risk identification is critical in risk management and requires project managers to be knowledgeable and skilful. Identify and briefly highlight 3 tools and techniques which will be useful to project managers regarding risk identification.

1. Qualitative Risk Analysis is the process of numerically analyzing the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives.True or False