Questionnaire 02 – Risk Strategy and Planning

The project team is struggling to organize the different sources of risk, and the risks themselves, needing to represent this information in a way that helps them to have better control of what could happen on the project. What could be created to assist the team?

The project manager and team are in the process of identifying project risks. The project is very large and long, so they decided to use risk categorization. Which of the following is the best example of risk categories?

A project received a government subsidy to run. What should the project manager do when he learns that the project already started may not meet the grant requirements?

A project manager is managing a software project in an agile development environment. A team member who has never worked in an agile environment asks when qualitative risk analysis is performed. What should the project manager respond to?

Which of the following describes the purpose of the project risk management plan? (Choose two.)

A project manager is working in a risk-averse organization. When he suggested using the agile approach for a project with high uncertainty, he was asked how risk management would be conducted. How should risk management be in an agile project? (Select two options)

A project manager learns that a new law, which will affect the company’s type of products, is due to pass in the next three to six months. A project to launch a new product is about to start and should be completed in two and a half months. This new product will not meet the requirements of the proposed legislation if approved. What should the project manager do?

A project has a high degree of uncertainty about requirements. Why should the project manager use an agile approach to manage this project? (Choose three.)

A risk manager is working at a new company and realizes the need to develop a register for the risks identified in a project. He then remembers a spreadsheet containing a checklist he developed when he coordinated a project at another company more than 5 years ago. What should the risk manager do?

The project manager on an upcoming software development project wants to assess the overall project risk. In this situation, what should the project manager do first?