Questionnaire 01 – Introduction to Risks

A technology company sells products worldwide. The Board of Directors is seriously concerned about several factors that could affect its profitability. How can the risks to this company’s projects be described?

When starting a new project, uncertainties associated with the adoption of a new technology are identified. The team knows that the technology is necessary, but is unclear about how it will affect project performance. What type of risk does this scenario represent?

During a bridge construction project, weather conditions different from those expected at the time of the project can affect the team’s productivity. How should this risk be classified?

A new government was recently sworn in. During the election campaign, the winning candidate made several commitments regarding reforms relating to environmental control. The project team for a water treatment plant is uncertain about how to proceed, as the new government’s policies may affect project planning. What are they worrying about?

A team working on a factory modernization project had identified the opportunity presented by the early delivery of critical equipment. Months later, the supplier delivered ahead of schedule, allowing installation to begin two weeks earlier than planned and reducing the overall project cost. How should this event be classified?

As the project manager knows the importance of risk management, he always puts the subject on the agenda of his weekly progress meetings and spends 10 minutes discussing the risks. Some of the team members complain that since none of the risks are happening in the At the moment, discussing risk management topics in these meetings is a waste of time. What should the project manager do?

A project manager is overseeing a farm implementation project. Seeking advice from experienced farmers, he learns that this activity is associated with several risks and the project objectives may not be met. What is the best course of action?

A large software project includes many stakeholders from different functional areas. The project manager noticed that stakeholders have different attitudes towards risk management. What is the best course of action when dealing with stakeholder bias and attitude towards risk management?

When starting a new project, uncertainties associated with the adoption of a new technology are identified. The team knows that the technology is necessary, but is unclear about how it will affect project performance. What type of risk does this scenario represent?

A project manager has a very low appetite for risk, being reluctant to accept running a project with an uncertain return, rather than another project with a more certain but possibly lower expected return. What can you say about the project manager’s risk appetite?