PCC Risk Assessment & Mitigation

Question 1

What is the primary goal of risk assessment in project management?

Accepted Answer

To identify and evaluate potential project threats

Answer

To eliminate all project risks

Answer

To reduce stakeholder involvement

Answer

To delay project execution

Question 2

Which risk response strategy aims to minimize the impact of a risk?

Accepted Answer

Mitigation

Answer

Avoidance

Answer

Acceptance

Answer

Escalation

Question 3

What is the purpose of a risk register in project management?

Accepted Answer

To document identified risks and response plans

Answer

To record project expenses

Answer

To store project team contact information

Answer

To track stakeholder engagement

Question 4

Which factor is a common cause of project risk?

Accepted Answer

Scope creep

Answer

Well-defined project scope

Answer

Accurate cost estimation

Answer

Stakeholder alignment

Question 5

Which tool is commonly used for qualitative risk assessment?

Accepted Answer

Risk matrix

Answer

Project charter

Answer

Work breakdown structure

Answer

Stakeholder register

Question 6

What is the primary advantage of proactive risk mitigation?

Accepted Answer

To minimize disruptions and ensure smooth execution

Answer

To increase project uncertainties

Answer

To eliminate the need for contingency planning

Answer

To delay project progress