Ch. 11 Quiz: Project Risk Management

_____ is a technique by which a group attempts to generate ideas or find a solution for a specific problem by amassing ideas spontaneously and without judgment.

Brainstorming

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

False

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

False

Unknown risks can be managed proactively.

False

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

watch list

Contingency plans are predefined actions that the project team will take if an identified risk event occurs.

True

Which process involves taking steps to enhance opportunities and reduce threats to meeting project objectives?

planning risk responses

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

risk acceptance

Which action involves doing whatever you can to make sure the positive risk happens?

risk exploitation

Which document contains results of various risk management processes; it is often displayed in a table or spreadsheet format?

risk register