Quiz 11

Risk events refer to specific, certain events that may occur to the detriment or enhancement of the project.

False

The psychology literature shows that individuals, working alone, produce fewer ideas than the same individuals produce through brainstorming in a small, face-to-face groups.

False

Top Ten Risk Item Tracking is a quantitative risk analysis tool.

False

A probability/impact matrix or chart lists the relative probability of a risk occurring on one side of a matrix or axis on a chart and the relative impact of the risk occurring on the other.

True

A project ____ is an uncertainty that can have a negative or positive effect on meeting project objectives.

risk

Which action applies to positive risks when the project team cannot or chooses not to take any actions toward a risk?

risk acceptance

A(n) ____ documents the procedures for managing risk throughout the project.

risk management plan

Which action involves reducing the impact of a risk event by reducing the probability of its occurrence?

risk mitigation

Risk utility rises at a decreasing rate for a(n) ____ person.

risk-averse

A(n) ____ is a list of risks that are low priority, but are still identified as potential risks.

watch list