Multiple Select QuestionSelect all that applyWhat functions are included in a risk response strategy?Multiple select question.Watching for new risksMonitoring "triggering" eventsDeveloping management reservesInitiating contingency plans

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 Select QuestionSelect all that applyWhich response explains why monitoring risk during project execution is important?Multiple select question.Not required because the risk management plan is only executed at the start of the project.People may hide problems until they become difficult to manage.New risks may emerge as project activities complete.Need help? Review these concept resources.

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 applyIdentify the two statements that are correct and explain the distinction between a risk response plan and a contingency plan.Multiple select question.Contingency plans go into effect before a risk occurrence happens.Contingency plans go into effect after a risk occurrence happens.Risk response plans are initiated before the risk occurs.Risk response plans are initiated after the risk occurs.

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.