Multiple Choice QuestionWhich statement best defines the methodology for accepting project opportunities?Multiple choice question.Attempt to ensure that an opportunity is realized/happens through applied resources or other strategies.Allocate some or all ownership to another party best able to insure the event happens.The opposite of mitigation, i.e., take actions to increase the probability and/or impact of a positive occurrence.When the event occurs, implement increased application of resources, but don't expend any pursuing it.

Multiple Choice QuestionWhat is the purpose of a contingency fund in executing a response to an opportunity (positive risk) occurring?Multiple choice question.To take advantage of opportunitiesTo eliminate project risksNone, it is not built into the original plan

Multiple Choice QuestionWhich mitigation strategy is normally first pursued to minimize the cost impact of a risk event occurring?Multiple choice question.Reduce likelihood.Avoidance.Reduce impact.

Select all that applyDisagreements and conflicts naturally emerge within a project team during the life cycle of the project. Participants will disagree over:Multiple select question.project priorities.allocation of resources.quality of work.organizational objectives.

Multiple Choice QuestionWhat is key to developing a risk transfer approach to risk management?Multiple choice question.Finding ways to reduce the probability of the risk event occurring.Identify and document responsibility for absorbing the impact of the risk occurrence.Determine at what point in the project the risk transference should occur.

Multiple Choice QuestionWhat title best describes the role of the project manager in the group decision making process?Multiple choice question.Ultimate authorityTie-breakerFacilitator