Risk Management entails all the processes involved in identifying, assessing, analyzing, responding and controlling project risk.Question 1Answera.yesb.agreec.nod.disagree

Fill in the blank: Risk management is the process of _____.1 pointidentifying and evaluating potential risks and issues that could impact a projectidentifying and initiating projects that have a low potential for riskidentifying and avoiding projects that have a high potential for riskidentifying and mitigating risks and issues that are already impacting a project4.Question 4

As a project manager you are practicing risk management. You have already defined potential risks, determined their likelihood, and prioritized them. Now, you’re making a plan to address and manage each risk. This represents which risk management step?1 pointAnalyze risksTreat risksMonitor and control risksIdentify risks

Mention two Inputs, Tools & Techniques, and the Outputs of each of these processes involved in risk management:Identify RisksImplement Risk Responses

What is the primary goal of risk response strategies in project management?Grupo de elecciones de respuestaAvoiding all risksManaging and mitigating risksIdentifying risksAccepting all risks

Risk Management: Identifying potential risks and developing strategies to mitigate them. This helps in minimizing the impact of uncertainties on the project