Question 102.5 out of 2.5 pointsPurchasing an accident insurance policy would be an example of responding to arisk by _____________ it.Answers:MitigatingRetainingIgnoringTransferringAvoiding Show Response Feedback:Goodwork ATTEMPT 2CourseProject ManagementTestWeek 5 Chapter 7QuizStatusCompletedAttempt Score22.5 out of 25 pointsResultsDisplayedAll Answers,FeedbackQuestion 12.5 out of 2.5 pointsThe implications of an identified change need to be assessed by: Get answer to your question and much more ResponseFeedback:GoodworkQuestion 22.5 out of 2.5 pointsThe risk assessment form contains all of the following EXCEPT Get answer to your question and much more Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document Question 91.Purchasing an accident insurance policy would be an example of responding to a risk by________ it.IgnoringRetainingMitigatingAvoidingTransferring 2.5 pointsQuestion 101.The chances of a risk event occurring as a project proceeds through its life cycle tend to Remain about the same.Rise sharply and then level out.Drop sharply and then level out.2.5 pointsQuestion 111.Tony has realized that two activities in his project cannot be done at the same timebecause not enough resources are available. Activity 3 is critical and has a duration of 5days. Activity 4 has 2 days of slack and a duration of 2 days. How will he decide whichactivity should be scheduled first? 2.5 pointsQuestion 121.If resources are not adequate to meet peak demands, the resulting reschedule is termed 2.5 pointsQuestion 131.Which of the following is NOTa potential consequence of failing to identify limitedresources before project implementation?Project delaysActivity delays Scope creepDifficulty in taking quick corrective actionIncrease costs2.5 pointsQuestion 141.Technical constraints have been carefully considered when developing a project network.Which of the following is true at this point?
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What are the 4 Common responses to a risk?Since project managers and risk practitioners are used to the four common risk response strategies (for threats) of avoid, transfer, mitigate and accept, it seems sensible to build on these as a foundation for developing strategies appropriate for responding to identified opportunities.
What are the 3 Responses to risk?Risk Responses. Avoid – eliminate the threat to protect the project from the impact of the risk. ... . Transfer – shifts the impact of the threat to as third party, together with ownership of the response. ... . Mitigate – act to reduce the probability of occurrence or the impact of the risk.. What are some examples of common responses to risk?There are typically five common responses to risk: avoid, share/transfer, mitigate, accept and increase.
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Purchasing an accident insurance policy would be an example of responding to a risk by
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