Project Risk Management

Project Risk - 1 Project risk has been described as A planned or scheduled event that has a positive outcome A planned or scheduled event that has

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1. Project risk has been described as: A planned or scheduled event that has a positive outcome. A planned or scheduled event that has a negative outcome. A uncertain event that has a positive or negative effect on at least one project objective. All of the above. None of the above 2. Question: The four stages of Risk Planning are: Identification, Ranking, Avoidance and Control. Monitoring, Integration, Acceptance and Identification. Avoidance, Quantification, Planning and Control. Identification, Quantification, Response, and Monitoring and Control. Identification, Response, Acceptance, and Monitoring and Control. 3. Question: The four possible responses to the Response step in Risk planning are Avoid, Control, Mitigate, Transfer Avoid, Transfer, Mitigate, Accept Avoid, Transfer, Control and Accept. Accept, Control, Mitigate, Transfer 4. Question: What document should outline the steps required in a project deliverable? Work Breakdown Structure (WBS)
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This note was uploaded on 07/09/2010 for the course PROJ 420 taught by Professor Private during the Spring '10 term at DeVry Fremont.

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Project Risk - 1 Project risk has been described as A planned or scheduled event that has a positive outcome A planned or scheduled event that has

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