Slideshow Videos Risk Assessment & Management 4 — Questions and Answers
Question 1: In a risk matrix, a risk with HIGH probability and LOW impact would typically receive which priority level?
- Critical priority
- Medium priority (Correct answer)
- Top priority requiring immediate escalation
- No action required
Correct answer: Medium priority
High probability combined with low impact generally results in medium priority, requiring monitoring but not urgent escalation.
Question 2: A slideshow video is used in a regulated industry (e.g., healthcare). What additional risk category must be assessed?
- Animation speed risk
- Regulatory compliance risk such as HIPAA requirements (Correct answer)
- Viewer engagement risk
- Font licensing risk only
Correct answer: Regulatory compliance risk such as HIPAA requirements
Healthcare content must comply with HIPAA and other regulations, adding a compliance risk layer not present in general marketing videos.
Question 3: Which of the following best describes residual risk in a slideshow video project?
- Risk that remains after all mitigation measures have been applied (Correct answer)
- The total number of identified risks
- Risks discovered after the project closes
- Risks transferred to the client
Correct answer: Risk that remains after all mitigation measures have been applied
Residual risk is the level of risk remaining after mitigation actions have been implemented.
Question 4: When a slideshow video project encounters scope creep, what type of risk does this primarily create?
- Legal risk
- Schedule and budget risk (Correct answer)
- Copyright risk
- Technical rendering risk
Correct answer: Schedule and budget risk
Scope creep expands work without corresponding time or budget adjustments, directly threatening both schedule and cost objectives.
Question 5: A risk owner in a slideshow video project is responsible for which of the following?
- Approving the final video export
- Monitoring a specific risk and executing its response plan (Correct answer)
- Writing the project contract
- Designing all slide templates
Correct answer: Monitoring a specific risk and executing its response plan
A risk owner is assigned accountability for tracking a specific risk and ensuring its response actions are carried out.
Question 6: What is the key difference between a threat and an opportunity in project risk management?
- Threats are always financial; opportunities are always schedule-related
- A threat has a negative impact on objectives; an opportunity has a positive impact (Correct answer)
- Opportunities only arise after project completion
- Threats require insurance; opportunities do not
Correct answer: A threat has a negative impact on objectives; an opportunity has a positive impact
Risk management encompasses both negative events (threats) and positive events (opportunities) that can affect project outcomes.
Question 7: During post-production of a slideshow video, the editing software crashes and corrupts the project file. Which previously identified risk category does this fall under?
- Stakeholder risk
- Technical/technology failure risk (Correct answer)
- Legal risk
- Market risk
Correct answer: Technical/technology failure risk
Software crashes and file corruption are classic examples of technology failure risk that should be planned for in any digital production.
Slideshow Videos Risk Assessment & Management 4
In a risk matrix, a risk with HIGH probability and LOW impact would typically receive which priority level?