Question

15. Rita is a project manager. She is sending out questionnaires for identification of risks to project team members. What technique is Rita using?

Delphi Technique

Risk Sharing

Risk Mitigation

Brainstorming

17. Project risks are identified by the project manager.

True

False

18. Political unrest in a country that is providing support to the project can be categorized as  

External risk

Qualitative risk

Financial risk

Funding risk

19. One of the risks on the project is the possibility of rain. Based on data from prior years, there is a 35% possibility that there will be rain during August. The rain will increase the cost of the project by $20,000. What is the amount that should be included in the risk register?(open ended)

Answer 1

15. Delphi Technique

This techniques uses questionnaires to evaluate risks and help in creating forecasts.

Risk sharing means distributing the risk over more number of processes or products. Risk mitigation is managing risks and designing risk management plans and strategies. Brainstorming is an idea generation process.

17. True.

Project manager has to identify the risks associated with the project. However, he can decide to take help of his team members as well in identifying the risks.

18. External risk

Political unrest is external to the organization. It has the potential of severely affecting the company and its functioning.

Qualitative risk is associated with the quality of product produced or service provided by the organization. Financial and funding risks are associated to economic problems only.

19. $20,000 must be included in the risk register . As it is an open-ended risk and the project must not be affected due to the rains.