Change Management Risk Assessment & Management 2

Question 1

During change planning, a risk is identified as having a high probability but low impact. What is the most appropriate response strategy?

Accepted Answer

Accept the risk and monitor it

Answer

High probability, low impact risks are typically accepted and monitored since mitigation costs may outweigh the minor impact.

Question 2

Which risk register field captures the timeframe within which a risk is most likely to materialize?

Accepted Answer

Risk proximity

Answer

Risk proximity indicates when a risk is expected to occur, helping prioritize time-sensitive mitigation actions.

Question 3

A change manager notices that a previously closed risk has re-emerged due to a related system change. What should be done first?

Accepted Answer

Reopen the risk entry and reassess its current score

Answer

Re-emerged risks should be reopened in the risk register and reassessed to reflect current probability and impact.

Question 4

What does a 'risk appetite statement' communicate to a change team?

Accepted Answer

The level of risk the organization is willing to accept in pursuit of its objectives

Answer

A risk appetite statement defines how much risk is acceptable, guiding decision-making throughout the change initiative.

Question 5

Which technique uses historical data from similar changes to estimate the likelihood of risk occurrence?

Accepted Answer

Analogous risk assessment

Answer

Analogous risk assessment leverages lessons learned from past similar changes to forecast risk probability on current initiatives.

Change Management Practice Test