6. Project and Service Ops
Project Risk — Quiz
Test your understanding of project risk with 5 practice questions.
Practice Questions
Question 1
What term defines the specific point at which a project performance deviation becomes unacceptable, prompting risk response?
Question 2
Which description best defines residual risk?
Question 3
Which description best defines secondary risk?
Question 4
An identified threat has a 0.4 probability and \20,000 impact; an opportunity has a 0.2 probability and \$10,000 benefit. What is the combined EMV?
Question 5
Which risk response strategy is used to increase the probability and/or positive impact of an opportunity?