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.

Multiple Choice QuestionWhat is required in order for risk response control to succeed?Multiple choice question.Documentation of responsibilityWork Breakdown Structure dictionaryMitigation of risk likelihood

Multiple Select QuestionSelect all that applyWhat characteristics of a risk event may make "accepting the risk" an appropriate strategy?Multiple select question.The risk is unknown.Extremely low probability of occurrence.Low cost impact.

Multiple Select QuestionSelect all that applyWhich are potential impacts given a project with risk responses but no contingency plan?Multiple select question.Delayed corrective action.Panic.Reduced costs through saved time.Incorrect actions taken.

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 Select QuestionSelect all that applyWhich are appropriate methods for handling technical (project technology related issues) risk?Multiple select question.Purchase price protections.Testing and assessment methods.Back-up or alternate plans.Reducing project duration.