End of Day 2 Training In Risk Management Quiz by Summit Consulting Ltd
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Question 1 of 10
1. Question
You are shifting your ICT Servers to an earthquake-prone location. You get the Servers insured by an external party. What risk strategy are you adopting?
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Question 2 of 10
2. Question
Which one of the following is the best response to positive risks?
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Question 3 of 10
3. Question
If you assess a risk event for a less critical objective where the probability of happening is very high (virtually certain) and the severity of loss is very high (critical), which one of the following risk management strategies would you recommend is applied:
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Question 4 of 10
4. Question
ISO 9001:2015 has introduced the concept of risk-based thinking in quality management.
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Question 5 of 10
5. Question
You are shifting your ICT Server to an earthquake-prone location. You get ICT Server foundations designed to absorb the earthquake shocks. What risk management strategy are you adopting?
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Question 6 of 10
6. Question
Which of the following are the ways to transfer risk (tick all that apply)?
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Question 7 of 10
7. Question
When should a risk be avoided?
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Question 8 of 10
8. Question
All the following are the strategies to deal with negative risks except
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Question 9 of 10
9. Question
Risk management can be defined as the art and science of _________ risk factors throughout the life cycle of a project.
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Question 10 of 10
10. Question
Suppose a project has many hazards or risk events that could easily injure one or more persons and there is no method of avoiding the potential for damages. The project manager should consider __________ as a means of deflecting the risk.