Risk Management Quiz

What you'll be asked

1. What is the primary purpose of a Risk Register in project governance?
2. During a project status meeting, a team member identifies a new risk that could delay the delivery date by two weeks. What is the most appropriate first step in the governance process?
3. When performing qualitative risk analysis, which two factors are primarily used to prioritize risks?
4. A risk that has occurred and is now actively impacting the project is referred to as:
5. If a project manager decides to outsource a high-risk development module to a specialized third-party vendor, which risk response strategy are they employing?

Answers and explanations come after you submit.