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Project Risk Management Knowledge Test
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Project risk management describes the identification and management of risk events proactively, which helps you decrease the chances of failure.

Related Test: Project Management Basics Knowledge Test 

Project Risk Management Knowledge Test
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25 Questions

1. What is the difference between a risk and an issue in Project Risk Management?
2. What is the difference between positive risks and negative risks in Project Risk Management?
3. What is the purpose of a risk probability and impact matrix in Project Risk Management?
4. How can project managers track the progress of risk response plans in a project?
5. What is the first step in Project Risk Management?
6. What is risk appetite in Project Risk Management?
7. How can project managers determine the priority of risks in a project?
8. Who should be involved in risk identification in a project?
9. Which risk response strategy involves taking action to reduce the impact of a risk without eliminating it completely?
10. How can lessons learned from previous projects be used in Project Risk Management?
11. Which risk response strategy involves creating backup plans to deal with potential risks?
12. What is a risk response plan?
13. What is the purpose of risk monitoring and control in Project Risk Management?
14. How does Project Risk Management contribute to project success?
15. Which risk response strategy involves acknowledging the potential impact of a risk but taking no action to address it?
16. Which risk response strategy involves shifting the impact of a risk to a third party?
17. What is the benefit of using a risk breakdown structure (RBS) in Project Risk Management?
18. How can risk identification be facilitated in Project Risk Management?
19. What is a risk owner in Project Risk Management?
20. When should risk identification take place in a project?
21. Which of the following is an example of a project risk?
22. What is Project Risk Management?
23. Who is responsible for Project Risk Management in a project?
24. Which of the following is an example of an external risk in Project Risk Management?
25. What is the purpose of a risk threshold in Project Risk Management?

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