Questionnaire 03 – Risk Identification

During project planning, the team identifies several opportunities that could yield significant benefits if seized. The project manager wants to ensure that these opportunities are properly recorded and tracked throughout the project lifecycle. Where should these positive risks be documented?

A project team is working to identify risks within the project. A facilitator leads a discussion to help generate ideas about project risks, aiming to create a comprehensive risk list. What risk identification method are they using?

The project team is identifying project risks. They use a diagram for the project situation showing the main entities, decision points, uncertainties and outcomes indicating the relationships between them. This technique is known as:

To compensate for a recent delay, the sponsor requests compression of activities on the project’s critical path. The risk manager identifies that another path has only two days of total slack and fears that compression could generate new delay risks if the activities become more interdependent. Based on this situation, which of the following scenarios represents the most significant risk to the project schedule?

What does path convergence mean?

The project team for the introduction of new feeding practices in pig farming is in the process of analyzing what it will do if certain events happen in the project. In this analysis, they are determining responses to negative events, such as problems in food production, or events that could occur better than expected, such as an increase in the animals’ weight above expectations. Where will this information be stored when this activity is completed?

A project manager is in the middle of a risk identification meeting. He will most likely use which of the following? (Choose three.)

A pharmaceutical project includes an agile team of physicians tasked with performing analyses of human tissue samples from patients in drug trials. The project manager intends to use a new, state-of-the-art technology to perform the analyses, as it has been proven to be more accurate than that of physicians. What should the project manager do?

A project manager plans to hire trainers to provide technical training for skilled workers. Which of the following best describes a risk that could affect how long instructors are hired?

The construction project for a new highway has already begun. Its cost has been budgeted at almost one hundred million and it has different suppliers already contracted for each of the sections. A large number of equipment and labor have been contracted to be mobilized, so the team’s intention is to carry out the project without interruptions. What is the most important task at this moment?