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Risk Registers in Operations Management

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What does a risk register do?

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1. The risk register assesses the likelihood of _____ and the _____ of the impact on the project.

2. Why would management want to create a risk register?

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About This Quiz & Worksheet

This quiz and worksheet will measure your understanding of making a risk register for projects. Areas that would be beneficial for you to know include the goal of a risk register and why management would want to know the risks of a project.

Quiz & Worksheet Goals

Show your comprehension of the following with these assessments:

  • The purpose of a risk register
  • Risks to a project
  • What a risk register evaluates
  • Pre-mitigation probability vs. post-mitigation probability
  • Reasons why management would want to complete a risk register

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on risk registers
  • Information recall - access the knowledge you've gained regarding the types of liabilities that could take place on a project
  • Distinguishing differences - compare and contrast topics from the lesson, such as pre-mitigation probability and post-mitigation probability

Additional Learning

You can learn more about risk registers by reading through the lesson called Risk Registers in Operations Management. By the end of the lesson, you will understand the following objectives:

  • Explore what's included in a risk register
  • Examine the different reasons why a risk register is used
  • Review the technique of calculating the probability of each risk and how to analyze the information in a risk register
  • Analyze an example of a risk register
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