Those who are ____ have a higher tolerance for risk, and their satisfaction increases when more payoff is at stake.
a. risk-seeking
b. risk-averse
c. risk-neutral
d. risk-indifferent
Answer: risk-seeking
Question: Those who are ____ have a higher tolerance for risk, and their satisfaction increases when more payoff is at stake.
____ involves prioritizing risks based on their probability and impact of occurrence.
a. Performing qualitative risk analysis
b. Planning risk management
c. Planning risk responses
d. Performing quantitative risk analysis
Answer: Performing qualitative risk analysis
Question: ___ involves prioritizing risks based on their probability and impact of occurrence.
____ involves numerically estimating the effects of risks on project objectives.
a. Performing qualitative risk analysis
b. Planning risk responses
c. Planning risk management
d. Performing quantitative risk analysis
Answer: Performing quantitative risk analysis
Question: ___ involves numerically estimating the effects of risks on project objectives.
____ involves monitoring identified and residual risks, identifying new risks, carrying out risk response plans, and evaluating the effectiveness of risk strategies throughout the life of the project.
a. Performing quantitative risk analysis
b. Planning risk responses
c. Monitoring and controlling risk
d. Performing qualitative risk analysis
Answer: Monitoring and controlling risk
Question: ____ involves monitoring identified and residual risks, identifying new risks, carrying out risk response plans, and evaluating the effectiveness of risk strategies throughout the life of the project.
____ are predefined actions that the project team will take if an identified risk event occurs.
a. Fallback plans
b. Contingency reserves
c. Contingency plans
d. Contingency allowances
Answer: Contingency plans
Question: ___ are predefined actions that the project team will take if an identified risk event occurs.